News and Announcements
US Air Force Contract Revenues
- Published December 17, 2012 5:53PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Perth, WA and Greer, South Carolina, Alexium International Group Limited (Alexium) (ASX:AJX, AX:AJX, OTC QX:AXXIY) announced today Alexium has received its second progress payment on the US Air Force contract this month, with additional progress payments on this Air Force contract expected over the next five months. Alexium’s financial position is strengthening, based on growing revenues from a US Air Force contract, awarded earlier this year and continued revenues from its commercial roll out of its novel FR nylon treatment.
These US Air Force payments are based on progress on a contract to evaluate Alexium’s Cleanshell® CB repellency treatments for the outershell fabrics of Chemical/Biological (CB) protection ensembles. Early test phases have demonstrated that Alexium’s Cleanshell® CB treatments can be applied to provide excellent water and oil repellency – but can also dramatically increase repellency of Chemical Warfare Agent simulants on a range of different fabric types. The next phase of testing will focus on testing against a range of “live” chemicals, such as Soman and Mustard nerve agents, on a number of Cleanshell® CB treated fabrics.
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