Alexium International Group Limited
Alexium International Group Limited: ALEXIUM EXTENDS COOPERATIVE R&D AGREEMENTWITH US AIR FORCE
Alexium International Group Limited / Key word(s): Alliance/Product Launch Greer, South Carolina, USA. Alexium International Group Limited (ASX:AJX) is pleased to announce that it has extended the Cooperative Research & Development Agreement (CRADA) with the US Air Force, Materials and Manufacturing Directorate, Airbase Technologies Division, Tyndall AFB, FL (‘AFRL’) relating to its award winning Reactive Surface Treatment (‘RST’) technology. Over the last year, Alexium and the US Air Force have been successfully expanding the applications of the RST technology in military and civilian markets. Both collaborators have agreed to continue the terms of the cooperative agreement. Under the extended agreement, both parties will continue to work together to accelerate the development of new products for the US DoD and for commercial civilian applications and grow the patent portfolio. Both parties have already begun to draft a workplan and a new CRADA agreement to reflect a multi-year collaborative activity, following this six month extension. The principal objective of the CRADA continues to be leveraging each others capabilities and ensuring the rapid transition of the RST technology into military and commercial products. ‘We continue to view the U.S. Air Force as a key technical collaborator and value the role AFRL plays,’ said Alexium Managing Director, Steve Ribich. ‘Over the last year, the collaborative research activities have resulted in a number of key technical milestones, benefiting both parties. Continuing to grow the relationship and taking advantage of obvious synergies benefits both parties.’ For more information visit: www.alexiuminternational.com Contacts Australia Mr. Nicholas Clark About Alexium End of Corporate News 17.02.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
112487 17.02.2011 |