Alexium International Group (ASX: AJX, AX: AJX, OTC QX: AXXIY) has been granted an Australian patent covering the "Method for Attachment of Silicon-containing Compounds to a Surface and for Synthesis of Hypervalent Silicon-compounds".
The company is growing its patent portfolio as it continues to work to expand its global commercial relationships, with this most recent patent award yet another validation of the company's unique technology platform.
This most recent patent award follows equivalent patent grants in other global territories, further bolstering Alexium's intellectual property portfolio.
Stefan Susta, chief operating officer, commented: "We view the patent award as another validation of our unique technology platform.
"We are pleased to see that we are continuing to expand our patent portfolio at a time when we are looking to expand commercial relationships around the globe."
Alexium holds proprietary patent applications for a process developed initially by the U.S. Department of Defense that allows for the surface modification and attachment of nanoparticles 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 textiles, paints, packaging, glass and building materials.
Alexium recently secured a $200,000 contract with the U.S. Air Force Research Laboratory to demonstrate Cleanshell® CB treatments for chemical and biological protection applications.
This contract follows two other purchase orders by the U.S. Army over the last year, and will further validate Reactive Surface Technology for defense applications.
Prior to securing the U.S. Air Force contract Alexium clinched a licensing deal with Duro Textiles, one of the largest distributors of textile products in the U.S.
Duro will apply Alexium's novel, environmentally friendly, bromine and halogen free, flame retardant treatment for commercial and military customers in North America.
Importantly for Alexium, the deal will provide the company with an immediate financial gain as well allow it to continue to pursue further licensing agreements with partners in other territories.
Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.