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  • Alexium International Group Technology Ranked Among Top Innovations Of 2012 0 comments
    Jan 17, 2013 8:06 PM

    Alexium International Group's (ASX: AJX, AX: AJX, OTC QX: AXXIY) Reactive Surface Technology has received recognition as one of the "Top 100 Innovations" in the technical textile market for 2012.

    Future Materials, a publication of the World Textile Information Network (WTiN), selected Alexium in its annual guide to the FM100, the most ground breaking innovations and developments across the technical textiles industry.

    Alexium is pioneering eco-friendly and durable, non-halogenated flame-retardant (NYSE:FR) specialty chemical treatments for many day-to-day technical textiles and military fabrics.

    While the company's novel nylon FR treatment is transitioning to production with Duro Textiles for the North American market, Alexium is beginning commercial rollout in other global territories.

    Duro Textiles, one of the largest distributors of textile products in the U.S. and part of the $7 billion Patriarch Group, has licensed Alexium's FR nylon treatment under an exclusive commercial agreement for nylon fabrics.

    While Alexium has not made any public forecasts on expected revenue, it has noted that Duro sees the initial market at 4 million yards.

    Alexium is also broadening its development pipeline to push other lucrative applications, such as nylon-blends and non-textile applications.

    According to the WTiN, the technical textiles market is growing rapidly and is expected to hit $175 billion by 2020, almost doubling from $93 billion in 2000.

    Today, technical textiles use 25 million tonnes of fibres, accounting for a third of global production.

    Since 1960, the technical textiles market has increased five times faster than traditional textiles. The nonwovens and composite markets are also set to increase significantly.

    Stefan Susta, chief operating officer of Alexium, commented: "We are honoured to have received this recognition by the WTiN.

    "This recognition - as a top innovator in this field - comes on the heels of Alexium's aggressive growth and product launch plans in 2013."

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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