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Alexium International Group Ltd Expands In Australia And New Zealand

Alexium International Group Ltd (ASX:AJX, OTCQX:AXXIY) continues to expand its potential customer pipeline, both across product ranges and geographical regions.

The company has been successful in developing alliances with distributors around the world to leverage specialised chemical solutions.

Alexium has now advanced its partnership with Chemiplas to sole distributor of the Alexiflam family of FR products in Australia and New Zealand - strengthening Alexium's global network of sales representatives.

Chemiplas is a provider of raw materials to multiple industries including coatings, adhesives, plastic resins and adhesives.

Nicholas Clark, CEO for Alexium, commented:

"A wide range of industries in the Australian and New Zealand markets are well served by this new partnership of Alexium and Chemiplas."

Background

Alexium holds over 20 patents across nine countries for a process developed initially by the U.S. Department of Defense, which allows surfaces to become fire retardant, water proof and oil proof.

Applications under development include but are not limited to textiles, paints, and packaging, glass and building materials.

Alexium's fire retardant chemical treatments are currently marketed for different fabric markets under the Alexiflam™, Ascalon™, Nycolon™, Nuvalon™, and Polytron™, Omnitron™ and Bactron™ trademarks.

Analysis

Alexium's momentum continues to grow as the company expands its product lines, customer base, sales network and revenue and continue progress towards profitability.

Alexium has been successful in developing alliances with distributors around the world to leverage specialised chemical solutions.

The partnership with Chemiplas is another example.

Alexium is well-capitalised and is on track to meet its growth targets for calendar year 2016.

During April, Alexium received a Buy recommendation with a A$1.20 target price from Sydney broker Moelis Australia Securities Pty Ltd.

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