ALEXIUM INTERNATIONAL GROUP LIMITED ABN: 91 064 820 408
ASX: AJX ASX/MEDIA RELEASE 24th January 2012 ALEXIUM AND BRUCK TEXTILES FORGE PATH AHEAD - FOCUS ON INNOVATIVE AND ENVIRONMENTALLY FRIENDLY PRODUCTS Perth, WA and Greer, South Carolina, Alexium International Group Limited (Alexium) (ASX:AJX, AX:AJX, OTC QX:AXXIY) is pleased to announce that it is forging ahead with Bruck Textiles on several joint development projects and license negotiations for the Australasia region
While the product developments and negotiations are covering
a broader spectrum of fabrics, Alexium and Bruck are already
engaged in performance trials for ballistic fabrics treated
with Alexium's repellency treatment. Importantly, Alexium's
RST repellency treatments do not contain perfluorooctanoic
acids (PFOAs) or perfluorooctanesulfonic acids (PFOSs), which
are currently used by other traditional repellency
treatments, and which are now being phased out by industry
and regulators for health reasons. PFOA is a carcinogen,
liver toxicant, a developmental toxicant, an immune system
toxicant, and also exerts hormonal effects including
alteration of thyroid hormone levels. PFOS is a man-made
fluorosurfactant and global pollutant. PFOS and PFOAs have
been found to be persistent, bioaccumulative and toxic to
mammalian species.
Alexium's repellency treatment, developed and applied to the
Bruck ballistic fabrics, offers exceptional performance at a
very competitive price, while ensuring a completely PFO and
PFOA-free solution. "We look forward to continuing to work
with Bruck in order to finalize the commercial relationship
and launching value-added and differentiated products. We
appreciate the synergy between the two parties, the role each
partner brings to the table, and the commitment each party is
making to push new products into the market", stated Stefan
Susta, COO of Alexium.
Alexium is working with Bruck on defined products as an
exclusive licensee in the Australasia territory. Alexium is
negotiating the terms of a final license agreement, including
the delivery and commissioning of a production unit,
technical and business milestone and royalty payments.
Since 1970, Bruck has been the major supplier of Combat and
Non Combat apparel fabrics for the Australian Defence Forces.
Bruck is also a key supplier to Australia's leading work
wear brands that operate at both retail and institutional
level and is Australia's largest fabric manufacturer.
For more
information visit: www.alexiuminternational.com
and www. bruck.com.au
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ContactsUnited States Stefan Susta Executive Director
T: +1 864-908-6946 ssusta@alexiuminternational.com
Australia
Gavin Rezos Nicholas Clark
Chairman CFO & Company Secretary
grezos@alexiuminternational.com.au nclark@alexiuminternational.com.au
T. +618 6162 1358 T. +618 6162 1358
M.+61 412 898 235 M. +61 432 412 663
Alexium International Group Limited (ASX:AJX, AX:AJX OTC QX:AXXIY) 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.
About Bruck TextilesBruck Textiles Pty Ltd (Bruck) is an Australian privately owned fabric manufacturing company that specialises in the innovation and manufacture of high performance textiles products for a variety of protective, military, industrial, household, automotive and apparel applications. Bruck has a 60-year history of fabric manufacturing in Australia and acquired National Textiles in the late 1990's and Melba Industries in 2009. Since 1970, Bruck has been the major supplier of Combat and Non Combat apparel fabrics for the Australian Defence Forces. Bruck is also a key supplier to Australia's leading work wear brands that operate at both retail and institutional level.
About OTCQX
Alexium International Group Limited (OTCQX: AXXIY) trades on
the OTCQX, the top tier of the OTC market designed for the
best OTC companies that meet the highest financial standards
and undergo a qualitative review. Investors can find current
financial disclosure and Real-Time Level 2 quotes for the
company on www.otcmarkets.com
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