ALEXIUM TECHNOLOGY RECOGNIZED AS ONE OF THE TOP INNOVATIONS IN TECHNICAL TEXTILES
Perth, Australia and Greer, South Carolina: Alexium International Group Limited (“Alexium,” “the Company”) (ASX:AJX, OTC QX:AXXIY) is pleased to announce that Alexium’s technology has been recognized as one of the Top 100 Innovations in the technical textile market for 2012. Future Materials, a publication of the World Textile Information Network (WTiN), selected Alexium in its annual guide to the FM100, the most groundbreaking innovations and developments across the technical textiles industry.
Alexium is pioneering eco-friendly and durable, non-halogenated flame-retardant (FR) specialty chemical treatments for many day-to-day technical textiles and military fabrics. Whilst Alexium’s novel nylon FR treatment is transitioning to production with Duro Textiles under a license agreement for North America, Alexium is beginning commercial rollout in other global territories, and broadening its development pipeline to push other lucrative applications, such as nylon-blends and non-textile applications.
“We are honored to have received this recognition by the WTiN. This recognition – as a top innovator in this field – comes on the heels of Alexium’s aggressive growth and product launch plans in 2013.” stated Stefan Susta, Alexium’s COO and Executive Director.
As described by the WTiN, the FM 100 includes products, processes and technologies that span the industry from polymer, fiber and yarn to finished product, and cover all the end sectors, from agriculture and building, protective clothing and sportswear to medical textiles and automotive fabrics.
According to the WTiN, the technical textiles market is growing rapidly and is expected to hit $175 billion by 2020, almost doubling from $93 billion in 2000. Today, technical textiles use 25 million tonnes of fibres, accounting for a third of global production. Since 1960, the technical textiles market has increased five times faster than traditional textiles. The nonwovens and composite markets are also set to increase significantly.
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