Home / Knowledge / News / Textiles / Alexium to speed up licensing process for FR nylon tech
Alexium to speed up licensing process for FR nylon tech
22
Feb '12
Alexium International Group Limited is pleased to announce that it has placed a total of 15 Million shares at 8c each, with an attaching 1 for 3, unlisted 18 month option at an exercise price of 12.5 cents (Placement), to raise AUD ~$1.2 Million (before costs) to sophisticated investor and institutional clients of Baker Young Stockbrokers Limited.

Alexium's potential has been recognized following the press release on January 19, 2012 announcing a technological breakthrough in revolutionary and environmentally friendly Fire Retardant (FR) Nylon technology. The treatment has met key technical milestones for flame retardancy, water repellency and durability, achieved through a protective nanocomposite char layer.

The placement has been undertaken to enable Alexium to “fast track” this unique technology, which has significant revenue potential in both industrial and defense applications. There are no other fire retardant solutions for nylon in the market. Nylon is a widely used low cost material for tear strength, abrasion resistance, durability and breathability in textile and industrial applications but until now, nylon fibers have not been able to be made fire retardant.

Highlights
1. The Placement will allow Alexium to:
a. Commence larger demonstration runs for various parties at its facility in Greer, South Carolina, thereby speeding up the licensing process;
b. Enter into certification testing for military and commercial customers; and
c. Expand the FR Technology into other high margin product areas.
2. Alexium will be negotiating license agreements with potential partners to deliver FR nylon treatment capabilities;
3. Alexium expects licensing agreements will attract upfront payments, milestones payments and royalties;
4. Alexium and BRUCK, a leading Australian textile manufacturer, entered into an alliance, with a view to BRUCK entering into an exclusive licensing of Alexium's Reactive Surface Treatment (RST) technology for the Australasian market as outlined in the press releases dated January 22, 2012.
5. Alexium's four current focal areas in the product development pipeline are FR Nylon, Chem/Bio Protection, Repellency on ballistic fabrics, and composites applications. Extensions of these treatments and non-textile applications are also being developed.

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


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search