Leading US Diversified Textile Manufacturer with worldwide operations in Perth, Western Australia, Greer, South Carolina, Alexium International (AJX) announced the signing of a Memorandum of Understanding Agreement with the International Textile Group (ITG). The Agreement sets out terms for ITG and Alexium to work collaboratively on several product development initiatives and establishes ITG as Alexium’s preferred fabric supplier to satisfy current and future bids in commercial and defense markets. ITG is an industry-leading fabric manufacturer and finisher with worldwide operations, including Burlington Worldwide, Carlisle Finishing, Cone Denim & Decorative Fabrics, Narricot, and Safety Components. ITG and subsidiaries shave operations in United States, Mexico, China, Nicaragua, Vietnam and India. This agreement with ITG will leverage capabilities and resources, and accelerate the adoption rate of RST technology in the textile market.
Stefan Susta, Executive Director and COO of Alexium International noted, “In addition to being a well-established worldwide supplier of quality fabrics, we view ITG as a strategic partner for developing new product lines that incorporate RST (Reactive Surface Treatment) technology, ultimately leading to a licensing deal. We see a lot of synergy between the two companies moving forward, and appreciate their interest to develop innovative products with our process.”
Alexium International Group Limited (AJX) 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. International Textile Group Inc., majority owned by WL Ross & Co LLC, is a diversified textile manufacturer. It operates in five primary business segments: Automotive Safety, Apparel Fabrics, Government Uniform Fabrics, Interior Furnishings and Commission Finishing. The company also has a commercial partnership for denim fabrics with RSWM Limited, part of the LNJ Bhilwara Group, based in New Delhi, India.
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