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Alexium to earn more revenues from commercial partnerships

15 Oct '12

2 min read

Alexium International Group Limited (Alexium) announced that its growing revenues are from multiple sources as a result of commercial development agreements, license payments, and a project funded by the US Department of Defense.

- Alexium is seeing increased revenues from commercial relationships related to the commercial roll out of its novel fire retardant “FR” nylon treatment.
- Alexium is starting to see revenues from the US Air Force to further develop and evaluate Alexium's Cleanshell CB repellency treatment.
- Alexium is receiving revenues from early commercial demonstration trials.

“We are very pleased with our ability to book growing revenues while containing operating expenses and at the same time increasing patent protection of our proprietary intellectual property. We remain very optimistic regarding our opportunities in the coming year.” remarked Stefan Susta, COO and Executive Director of Alexium.

Alexium International Group Limited holds proprietary patent applications for a process developed initially by the US Department of Defense, which allows for the surface modification and attachment of nano particles or multiple chemical functional groups to surfaces or substrates to provide functions such as water proofing, oil proofing, anti-microbial, non-stick and UV protection. Applications under development include but are not limited to textiles, paints, packaging, glass and building materials.

Alexium International Group Limited (Alexium)

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Alexium to earn more revenues from commercial partnerships

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