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     378  0 Kommentare Alexium's $1.10 Price Target Maintained by Sydney Broker - Seite 2

    Work on the DoD opportunity

    Alexium is now working on to secure a break through U.S. military contract. The market is rightly focusing on this area as a boost to the company as it will provide both high profile success and recognition within the FR textile industry/competitors and material economic benefits to the shareholders.

    The successful test work being undertaken under the FRACU program continues with the company selected for stage 2.

    There are other direct efforts being undertaken for the potential for material contracts wins using a NyCo fabric that sit outside of the FRACU program and success is NOT dependent on the outcome of the FRACU program.

    Quarterly Update

    Separately, the company noted in its Quarterly Activities Report for the period to 30th June 2015 that it had received a combined $544,000 in cash and near-term commitments from commercial customers and grantors.

    This includes $325,000 (USD$268,000) in purchase orders for FR chemistry.

    Nicholas Clark, chief executive officer said:

    "This significant increase in 4Q financial activity clearly shows the penetration of Alexium's chemistries into the marketplace and is a clear indicator of the future trajectory of the company."

    The company had cash of $11.6 million as at 30th June 2015.

    Highlights for the quarter include:

    - Increased potential addressable revenue for calendar year 2015 to more than $10 million - with more than 20 engaged customers with a number ramping up to production, thus providing a platform for substantially higher 2016 revenues;

    - Expanded into the Asian market to accommodate request of a leading US tent manufacturing customer to supply Alexiflam-SYN™ for its production facilities in Asia;

    - Received Alexiflam™ purchase order and successfully scaled up new customer in the home furnishings market - later moved to full scale production as well as expanding use to additional product lines - potential ongoing annual revenue expected between US$5 million and US$15 million per annum;

    - Successfully progressed commercial run trials with a supplier to the U.S. Department of Defense for fire retardant (FR) solutions for advanced textiles comprising exotic materials for specific defense sector applications;

    - Selected to proceed to second stage of development process for new FR uniforms with U.S. Natick Soldier Systems Centre;

    - Received purchase order for FR formulations from a new customer manufacturing high quality textiles for the European luxury automotive sector - potential ongoing annual revenue opportunity of US$10 million to US$15 million per annum;

    - Commenced negotiations for exclusive one-year license for the use of Alexiflam in commission finishing of decorative fabrics for the home furnishing sector;

    - Received purchase order for initial shipment of Alexiflam formulations from a leading US provider of fabrics in the defense, home furnishings and industrial markets - ongoing orders expected;

    - U.S. Brigadier USMC (ret) General Stephen Cheney appointed to board as non-executive director ---- CEO, Nicholas Clarks meets with key political members on military and commercial discussing FR products;

    - Appointment of key new sales and product development staff; and

    - Exhibition at world's largest textile show Techtextil in Frankfurt - ongoing commercial negotiations with a number of potential customers across a range of sectors.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

    Alexium International Group
    Marketing and Investor Relations Department
    investorrelations@alexiuminternational.com

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    Verfasst von Marketwired
    Alexium's $1.10 Price Target Maintained by Sydney Broker - Seite 2 SYDNEY, AUSTRALIA--(Marketwired - Aug 3, 2015) - "Alexium continues to be the subject of a BUY recommendation from a Sydney-based stockbroker with a price target of $1.10." Alexium International Group (ASX: AJX) (AX: AJX) (OTCQX: AXXIY) …