Alexium International Group Limited
Alexium International Group Limited:
Alexium International Group Limited / Key word(s): Alliance/Product Launch 23.11.2010 12:08 --------------------------------------------------------------------------- COMMERCIAL LICENCE OPTION AND FACILITIES ACCESS AGREEMENT FOR ALEXIUM'S RST TECHNOLOGY MAJOR SUPPLIER TO NASCAR GREER, South Carolina, 22nd November 2010 - Alexium Inc. a subsidiary of Alexium International Group Limited, listed on the Australian and Frankfurt Securities Exchanges ('Alexium') (ASX: AJX) (Frankfurt AX:AJX ) has agreed commercial terms with SSM Industries Inc. ('SSM') of Spring City, Tennessee for an option for SSM to licence in Alexium's Reactive Surface Treatment ('RST') technology, including an agreement for Alexium to access SSM's integrated textile manufacturing facility, comprising knitting, weaving, finishing and dyeing plant and textile mill support. An Alexium RST microwave unit has been installed at the SSM facility and has been used over recent weeks to treat commercial quantities of textiles. Under the Agreement, SSM will evaluate the RST technology initially for racing suits, re-fuelers coveralls and flame retardant gloves for sale in the United States on an exclusive basis. The Option term is 12 months. The Licence financial terms are commercial in confidence but include royalties to Alexium on gross sales of RST treated product under the Licence. The Licence may also be expanded to include oil repellence on Hi Visibility work wear and Fire Retardant work wear. During the term of the Agreement Alexium will maintain the RST unit in SSM's Spring City facility and provide technical support and training to SSM employees. Subject to SSM's production schedules, SSM will permit Alexium to operate the RST unit utilising SSM's textile mill for Alexium's own requirements in producing commercial quantities of treated textiles for US Department of Defence and commercial partner testing. Alexium CEO Steve Ribich said the Company is delighted to announce this agreement with SSM Industries, an acknowledged leader in personal protection textiles. 'This relationship, developed over the past two years has been invaluable in preparing our technology for large scale textile applications,' he said. Scott Hilleary of SSM said 'We have jointly identified a number of areas where we believe RST technology can significantly enhance the performance characteristics of personal protection apparel. This agreement will enable SSM to pursue these opportunities commercially in addition to its existing business as a leading manufacturer in the US for flame resistant apparel for military, fire and rescue, industrial and automotive racing use.' Alexium and SSM would like to add a note on thanks to the Office of Textile & Apparel (OTEXA) from the US Department of Commerce for introducing the parties. For more information visit: www.alexiuminternational.com Contacts: United States Steve Ribich Chief Executive Officer T. +1 864-908-6947 sribich@alexiumgroup.com United Kingdom John Almond Manager Europe T. +44 (0)1223 654489 m. +44 7815 100 859 jalmond@alexiumgroup.com Australien Gavin Rezos Chairman T. +61 8 9327 8969 m. +61 412 898 23 grezos@alexiumgroup.com Tamatha Smith Purple Communications T. +618 6316 6300/ m. +61 433 569 701 About Alexium Alexium International Group Limited (ASX:AJX, AX:AJX) holds proprietary patent applications for a process developed initially by the US Department of Defence , which allows for the surface modification and attachment of nano particles or multiple chemical functional groups to surfaces or substrates to provide functions such as water proofing, oil proofing, anti microbial, non-stick and UV protection. Applications under development include but are not limited to textiles, paints, packaging, glass and building materials. About SSM Industries Inc. Located in Spring City Tennessee, SSM Industries Inc ('SSM') is a leading manufacturer of Flame Resistant, Cut Resistant and Thermal Fabrics for Military, Fire & Rescue and Industrial use. The company is also a major provider of heat and flame protective textiles to teams competing in the Automotive Racing Industry including those of NASCAR and IRL Drag Racing. SSM Industries is one of the few full service safety and protective fabric manufacturer, integrating knitting, weaving, dyeing and finishing at the one plant. The company has R&D resources to develop client concepts and an in-house military certified lab to test the finished fabrics. Tamatha Smith Purple Communications T. +618 6316 6300/ m. +61 433 569 701 23.11.2010 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 ---------------------------------------------------------------------------
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