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Alexium On Pace For Newly Generated Business With Murdock Webbing

Alexium International Group (ASX:AJX, AX:AJX, OTCQX:AXXIY) has confirmed that it is on pace for new business with Murdock Webbing for Military related strapping technology.

The Alexium chemistry is part of a new program launched by Murdock in late 2015.

The improved performance for the new strapping technology is directly related to the Alexium Fire Retardant Chemistry; therefore, Alexium Fire Retardants have enabled Murdock to differentiate themselves from the competition with superior burn results.

Murdock is now building a new business program and is currently securing new orders, which will result in new business for Alexium.

Nicholas Clark, CEO for Alexium, commented:

"Both companies are building a great partnership which are mutually beneficial, while providing a great product from both Murdock and Alexium for our fighting men and women with the US Military."

"We are cognizant of Murdock's privacy based on its military relationships.

"Needless to say, this contributes to our December reported end of year results, while maintaining Alexium's margin position."

Analysis

The new business with Murdock will go towards Alexium's forecast for 2016.

This, along with other business, has the potential to exceed the company's December reported target.

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