| New Sales Contract With U.S. Based Global Apparel Leader | |
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Highlights:
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Alexium confirmed as performance solutions supplier for a global launch across more than five brands
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Alexium and customer collaborating on solutions for more than a dozen fabric types and blends
Perth, Australia and Greer, South Carolina: Alexium International Group Limited ('Alexium,' 'the Company') (ASX:AJX, OTC QX:AXXIY) today announced an agreement with one of the world's leading household apparel companies to augment the manufacturer's wicking and antimicrobial technology with Alexium's innovative Alexicool chemistry, an environmentally friendly, phase change material solution that gives fabrics a
cool-to-the-touch feel.
The U.S.-based company has identified Alexium as a performance solutions supplier for more than five brands of inner wear and outer wear apparel over the next two years, and will be working with Alexium to qualify the use of Alexicool with various fabric types in two U.S. plants, followed by expansion to global production facilities.
'Our new client is a major international player in the apparel industry, and we were able to reach this agreement in just over three months after introducing our products to the company,' said Vice President of Sales Michael Schwartz. 'That's a strong sign that Alexium has moved from being on the edge of a trend to a recognized mainstream standard for innovative, environmentally friendly chemistries.'
Alexium and the manufacturer are collaborating on Alexicool applications for more than a dozen fabric types and blends, with more application opportunities being presented each week, according to Schwartz.
'Given our extensive knowledge of our award winning chemistries, we are able to customize formulas for a range of different fabrics which meets a key criterion for many customers when dealing with innovative technologies,' he added.
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Alexium International Group Limited
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Alexium International Group LTD is based in Australia. Alexium International Group LTD is listed in Australia. Its market capitalisation is AU$ 3.9 millions as of today (US$ 2.8 millions, € 2.5 millions). Its stock quote reached its highest recent level on September 25, 2015 at AU$ 1.17, and its lowest recent point on July 07, 2023 at AU$ 0.01. Alexium International Group LTD has 303 730 016 shares outstanding. |