- Chemical developer Alexium International Group (AJX) has signed a supply agreement with Soft-Tex International
- Soft-Tex will exclusively purchase Alexium’s Alexicool products to create its bedding systems
- Alexicool provides the cooling engine for Soft-Tex’s Reactex technology, which manages bedding system heat flow and provides a better nights sleep
- The supply agreement will open up the Perth based-company doors into some of the world’s most recognisable retailers
- Alexium is up 26.2 per cent on the market today, selling shares for 5.3¢ each
Chemical developer Alexium International Group (AJX) has signed a supply agreement with Soft-Tex International.
Under the agreement, Soft-Tex will exclusively purchase Alexium’s Alexicool phase change material (PCM) products for bedding systems based on its Reactex technology.
Reactex technology controls the flow of heat energy and the way it’s stored so customers can enjoy a personalised bedding climate.
As a result, Alexicool PCM products are matched specifically to Soft-Tex’s requirements and provide a cooling engine for Reactex. This helps manage the bedding system’s heat flow and provides a comfortable sleeping environment.
Soft-Tex says it aims to make the most comfortable products to help the world sleep and live better. Its business partners include some of the world’s most recognisable retailers, such as Bed Bath & Beyond, Amazon, J.C. Penney and Dillard’s.
The Perth based company said Soft-Tex will use its Alexicool products for top-of-bed and mattress applications. This agreement is for two years and has the option to be extended in the future.
Alexium CEO Bob Brookins is happy with the agreement.
“Alexium is excited to be taking this step forward with Soft-Tex as we are pleased to provide products and services based on our advanced materials sciences capabilities,” he said.
“We chose Alexium as an innovation partner because they provide advanced PCM products, technical support, and analytical expertise that enable Reactex technology’s thermal regulation advantages,” Soft-Tex’s Principal and Reactex Inventor Mark Smiderle added.
Alexium is up 26.2 per cent on the market today, selling shares for 5.3¢ each at 12:52 pm AEST.