Home / News / SCRA extends funding program to Alexium by six months

SCRA extends funding program to Alexium by six months

24 Oct '15

2 min read

SCRA Applied Technologies has extended by six months, a funding program to Alexium, Inc., also a first round recipient of the South Carolina-Israel collaborative research and development program.

“The bi-national collaboration initiative seeks to facilitate and promote bilateral industrial R&D projects between entities from South Carolina and Israel,” a SCRA press release informed.

“The program is managed by SCRA on behalf of the state, and the initial project was funded in September of 2014,” it added.

Last fall SCRA and its Israeli counterpart, MATIMOP jointly funded a one-year project to explore flame retardant chemicals and potential applications for the textile industry.

“The partners were Alexium, Inc. and Israel Chemicals and the collaboration has succeeded to a point where both partners have identified additional value through extending the current collaboration,” SCRA stated.

SCRA will fund Alexium to continue efforts that support the production, testing and marketing required for full commercialisation of Alexium and ICL chemical products in key nylon-based technical textile markets.

The potential market for Alexium's and ICL's flame retardant products in the military and specialty fabric divisions is in excess of 15,000 metric tons or approximately $150 million in potential revenues.

"Alexium is excited about being a part of this program and appreciates the ongoing support SCRA and MATIMOP have provided for this collaborative effort," Bob Brookins, vice-president of research & development at Alexium said.

"We expect great things out of this collaboration with Israel Chemicals as they are a world leader in the flame retardants industry, and I am excited to see what new products come out of this venture," he too added.

SCRA CEO Bill Mahoney said, "This collaboration furthers innovative research and collaboration, helping advance South Carolina's high-tech economy.”

“We congratulate Alexium and ICL on the positive results they have achieved to date and look forward to positive commercial outcomes from their ongoing partnership," Mahoney also stated. (AR)

Fibre2Fashion News Desk – India