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Investment to accelerate Alexium’s FR nylon treatment licensing
Alexium has made a placement of shares to investors and clients of Baker Young Stockbrokers in order to raise AUD$1.2m for the licensing of its Fire Retardant (FR) nylon treated technology.
According to Alexium, the placement has been undertaken to enable it to ‘fast track’ its technology, which has met key technical milestones for FR, water repellence and durability, achieved through a protective nanocomposite char layer.
The company added that the technology has significant revenue potential in both industrial and defence applications as there are no other FR solutions for nylon in the market.
Nylon is a widely used low cost material for tear strength, abrasion resistance, durability and breathability in textile and industrial applications but until now, nylon fibres have not been able to be made FR.
Alexium will be negotiating license agreements with potential partners to deliver FR nylon treatment capabilities in the future, and expects licensing agreements to attract upfront payments and royalties.
In addition Alexium and BRUCK, a leading Australian textile manufacturer, entered into an alliance, with a view to BRUCK entering into an exclusive licensing of Alexium’s Reactive Surface Treatment (RST) technology for the Australasian market.
