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Alexium's Alexicool products, main PCM ingredient
A commercial multi-million pillow programme with a major North American big-box retailer, Pegasus Home Furnishings, in which Alexium International Group’s Alexicool products are the key phase change materials (PCM) ingredient has begun. These products have been selected as the key cooling technology for innovative pillows to be developed in the programme.
Alexicool products have been shipped to manufacture pillows that will be stocked and sold in early 2019. This new pillow programme is in addition to previously announced products sales by the company.
Alexicool phase change materials (PCM) are key to the company’s path to profitability in the short term, with Alexiflam products providing significant potential upside in the medium term.
Alexium CCO Allen Reihman stated, “We are encouraged about the new products developed in our Pegasus initiatives, and this capitalises on strong technical and commercial efforts by both companies. We have worked with Pegasus to provide their extensive customer base with improved cooling functionality using the latest technical innovations. This allows Pegasus to provide comfortable solutions for bedding end-use customers. With the launch of Alexicool technology for pillows, we continue to create and commercialise a product portfolio that drives momentum and improves profits in the months ahead.”
As announced at the annual general meeting in November 2018, the company’s new cornerstone initiative is Alexicool technology for foam applications. Recent tests by a third-party facility have demonstrated that Alexicool products have up to 75 per cent greater cooling effect over a major competitor. Product commercialisation efforts are slated for early 2019.
Vice President of Research and Development Richard Estes said, “Our initial product testing is very encouraging, and the positive results achieved are more dramatic than anticipated. This is another example of how well our Alexicool technology and product portfolio is distinguishing itself in thermal management markets. We are confident that Alexium will commercialise Alexicool technology for foam as part of an ongoing stream of useful and differentiated cooling technologies.”
“Our Alexicool business continues to gain sales momentum as our business partners prepare for the launch of new bedding products in early CY 2019. This growth is driven by how we engage with our customers. Recently developed analytical methods have been very important in providing demonstrable cooling performance and guiding our customers to choose Alexicool products that best suit their needs,” the company said.
The company said its flame-retardant products for military applications and Alexiflam NF are progressing very well. Major technical milestones have been achieved with the current focus on commercialisation and transition to production. (SV)