Alexium International Group Limited
(ASX:AJX) says it has received promising results from the testing of its Alexiflam fire retardant fabric from a European automotive fabric supplier.
The customer is happy with the results which exceeded industry standard by over 70 per cent and is now laying out the milestones for a product roll out.
There is potential for revenue of between US$10-15million from this customer who also provides fabric for yachts and private jets.
Alexium reported a net loss of $11.76 million for the 2015 financial year.
