Alexium enters final validation phase with new customer

Feb. 24, 2016 4:53 PM ET
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Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of listed companies across the globe daily. We are one of the fastest growing financial media portals in the world. The group also operates hugely successful “investor forums” where three or four companies present to an audience of high net sophisticated investors, fund managers, hedge funds, private client brokers and analysts. Ian Mclelland founded Proactiveinvestors in 2006 as a way to channel his own views on companies small and mid-cap public companies. What started as a hobby quickly turned into a full time job as the website's readership exploded. One2One forums were added later in 2006, and within two years the company had expanded its operations into Canada and Australia. In 2009 the company expanded into Germany and finally into the US in 2010. Proactiveinvestors is now one of the fastest growing global financial media organizations in the world receiving more than one million visitors per month, with investor forums held across the globe on a regular basis.

Alexium International Group (ASX:AJX, OTCQX:AXXIY) continues to build its customer base and revenue pipeline.

Alexium has now entered the final validation phase with a new interior furnishings customer, and has formulated a new compound for a proprietary, vertical hanging fabric with high synthetic content.

Initial testing met and exceeded customer expectations, with the final validation trial to commence by the end of February.

The annual run rate is expected to be 600,000 yards, which is forecast to be between US$1.2 million and US$1.5 million a year.

Dirk L. Van Hyning, Ph.D. (President) told Proactive Investors that Alexium currently has over 20 customers actively generating revenue at some level.

"We have 31 customers in active late-stage scale-up mode, all of which have financial commitments to cover chemistry and/or our time and travel.

"We are actively developing formulations for over 100 potential clients in our development labs with more being added every day."

Agreement with the VLS-Group

Earlier in the month Alexium signed a partnership agreement with Antwerp, Belgium based VLS-Group, a market leading, vertically integrated supply chain & distributor.

VLS-Group has worldwide infrastructure in place to support Alexium's growth in Europe, the Middle East, Africa, Asia and the Americas.

This global alliance will enable Alexium to provide complete supply chain simplification in concert with the Global Distribution Partner's growth.

It will also provide the company with a complete service platform for customers with multiple plant locations worldwide.

Analysis

The new interior furnishings customer current opportunity has highlighted Alexium's ability to provide a readily available and adaptable chemistry, enabling it to capture various niche markets - providing a competitive advantage.

As Alexium moves along the 1st quarter of 2016, sales are increasing and opportunities continue to progress.

While this growth continues, Alexium is quickly putting support infrastructure in place, which is a key part to a successful strategy.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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