ALEXIUM INTERNATIONAL GROUP LIMITED ABN: 91 064 820 408
ASX: AJX ASX/MEDIA RELEASE 13th January 2012 ALEXIUM INTERNATIONAL COMMENCES QUOTATION ON THE OTCQX TICKER SYMBOL: OTC QX: AXXIY Perth, WA and Greer, South Carolina, Alexium International Group Limited (Alexium) (ASX:AJX, AX:AJX, OTC QX:AXXIY) is pleased to announce that today it has commenced trading on the OTC markets prestigious tier, OTCQX International.
The quotation is now active on the OTCQX website and can be
found by searching under Alexium code of AXXIY. This marks a
significant achievement in Alexium's on-going development and
growth of the company.
Alexium's quotation on the OTCQX will increase awareness of
the company through over the counter trading (OTC) allowing
US investors to participate in the future success of the
Company as well as facilitating access to the US capital
markets.
The OTCQX allows for the trading of American Depository
Receipts (ADRs) where by foreign companies can have their
shares traded in the US market. Real time quotations for
investors as well as disclosure and financial information
relating to Alexium can be found on the OTC markets
website.
Alexium shares will be quoted via American Depositary
Receipts (ADR) on a 1 for 40 basis with Merriman Capital Inc.
as Principal American Liaison (PAL) and Bank of New York
Mellon as the ADR sponsor.
Alexium continues to make significant progress in the
commercialization of its products (below)
and will keep the market informed on its progress.
1. Eco friendly flame resistant (FR) synthetic fabrics
2. Repellency treatment for ballistic fabrics
3. Composite fabric treatments; and
4. Chem-Bio treatments for defense applications.
Alexium recently announced that it has signed a new
Cooperative Research and Development Agreement (CRADA) with
the US Air Force Research Laboratory (AFRL), Materials and
Manufacturing Directorate, Airbase Technologies Division,
Tyndall AFB, FL to continue to develop and commercialize the
patented and award winning Reactive Surface Treatment (RST)
technology.
Specifically, this collaboration is a joint effort that will
explore the RST technology on a variety of materials,
integrate nanoparticles developed by the Air Force in various
RST treatment applications, and demonstrate a commercially
feasible and scalable production process.
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The outcome of this activity is anticipated to result in
greater soldier protection from chemical and biological
threats and improved materials used in military and
commercial applications.
For more information visit: www.alexiuminternational.com
Contacts United States Stefan Susta Executive Director
T: +1 864-908-6946 ssusta@alexiuminternational.com
Australia
Gavin Rezos Nicholas Clark
Chairman CFO & Company Secretary grezos@alexiuminternational.com.au nclark@alexiuminternational.com.auT. +618 6162 1358 T. +618 6162 1358
M.+61 412 898 235 M. +61 432 412 663
About Alexium
Alexium International Group Limited (ASX:AJX, AX:AJX OTC
QX:AXXIY) holds proprietary patent applications for a process
developed initially by the US Department of Defense , 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 OTCQX
Alexium International Group Limited (OTCQX: AXXIY) trades on
the OTCQX, the top tier of the OTC market designed for the
best OTC companies that meet the highest financial standards
and undergo a qualitative review. Investors can find current
financial disclosure and Real-Time Level 2 quotes for the
company on www.otcmarkets.com
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