Over the past few months, Alexium has worked with a new customer to perform multiple short production-scale trials at the customer's facility using Alexium's Alexiflam chemistry, a process that has resulted in exceptional performance results.
Alexium has received a purchase order to run a substantial amount of yardage to confirm those results on a larger scale prior to a full commercial launch of the product.
Upon the expected confirmation of those results, Alexium expects this to be a valuable relationship for both parties, generating between $3M and $10M annually in revenues to Alexium.
Nicholas Clark, CEO of Alexium, said: "We are continuing to generate strong interest in the commercial sector markets and this opportunity with a major US company in the home furnishings arena will help cement Alexium's reputation for environmentally friendly, performance based, durable and cost effective Fire Retardant solutions."
On completion of contract negotiations and firm pricing, Alexium will provide a further update on this opportunity to the market.
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