Alexium verges on crackling big time
The key figures at Alexium International believe the developer of fire retardant material is on the verge of cracking a potential worldwide market for its products.
Alexium's goal is to clothe militaries and emergency services workers with clothing made mostly from nylon treated with patented technology developed by the US Department of Defence.
The South Carolina-based, Cottesloe headquartered company is nearing the end of a development phase and heading into production through licence partner Duro Textiles with the US military as the prime targeted customer.
"If they can save money by, instead of having four uniforms, having two which across the board do all the jobs required that's a clear market for them," executive chairman Gavin Rezos said.
Alexium is also developing materials that are resistant to chemical weapons.
But the company is not limiting itself to military uses. Mr Rezos sees broad markets in the commercial and emergency services sector where lightweight, fire retardant clothing is required.
Mr Rezos and partners formed Alexium in 2009 from the shell of collapsed winemaker Evans & Tate. It recapitalised it to buy the reactive surface treatment technology from its previous owners.
The ASX-listed company has a market capitalisation of $21.5 million. It earned revenue of $500,000 last year.
