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( AX:AJX OTC QX:AXXIY) executive directors Gavin Rezos and Nick Clark and non-executive director Craig Smith-Gander have aligned themselves with the company’s success acquiring about $166800 worth of shares.
This highlights their strong confidence in the company’s future.
Earlier this month the company completed a full scale up commercial run of chemistry with its newest client in the home furnishings market in the U.S.
The fabrics being tested under the successful commercial run have now be made into the complete home furnishings product with a final Quality Assurance test and check process to take place.
Alexium anticipates full scale production and consumer roll out in the large US market is less than 90 days away for this customer.
Its treated fabrics have also been selected by Natick to the second stage of the development process of Natick’s “Green Initiative” for new FR uniforms.
The company recently raised US$6.675 million (A$8.45 million) via the issue of 13 million shares at A$0.65 to new institutional investors in a private placement with Maxim Group LLC in New York.
Following the raising Alexium has over $13 million cash.
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