Alexium International Group Limited (ASX:AJX) has announced it has signed a sales agreement with a global mattress ticking producer.
The deal will see the company exclusively supply its flame retardant phase change material to the global bedding supplier, who has plants in North America and Europe.
CEO Nicholas Clark has stated the company currently has a $5 million share of the PCM bedding market and expects to grow rapidly with the launch of its fire retardant product.
Alexium has been in a 6 month period of extensive testing and production trials and expects sales to commence in the second quarter of the 2016 calendar year.
Alexium International Group reported a net loss of $9 million at 31 December 2015.
