January 22nd, 2010- Alexium Limited (Alexium) is pleased to announce that the UK Intellectual Property Office (UK IPO) has approved its application and issued Patent No. GB 2431173 for the company’s “method of attachment of silicon‐containing compounds to a surface”.
“This is another important step in our strategy of building a strong global intellectual property portfolio around our award winning technology” commented Steve Ribich, CEO Alexium Limited. “Given the strong and growing interest in our technology and the fact that the technology is currently being prepared for commercial scale applications in the United States, the granting of this patent is particularly timely”.
Alexium Limited holds proprietary patent applications for a process developed initially in a US Department of Defence Laboratory, which allows for the surface modification and attachment of nano particles or multiple functional groups to surfaces or substrates. Applications include textiles, paints, packaging, glass and building materials.
ETW Corporation Limited (“ETW”) has entered into a conditional Term Sheet to acquire 100% of the issued shares of Alexium. A General Meeting will be held on 29 January 2010 seeking shareholder approval of the transaction.
ETW proposes to issue a prospectus for a priority offer to shareholders following the General Meeting.
For more information visit: www.alexiuminternational.com
Chief Operating Officer
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