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Nexam Chemical has received an order amounting to approximately SEK 5.3 million for NEXIMID® from an existing customer. In monetary terms the largest order in Nexam Chemicals history. Delivery will begin during fourth quarter 2016 and then according to call-off from the customer. The order is expected to be fully delivered during 2017.
NEXMID® can be used to manufacture polyimide resin, which is an essential component in temperature resistant composites. Composites containing NEXIMID® is used in environments where extensive material stress and high temperature put extreme requirements on the material. The application area is mainly within advanced aircraft, space and other areas where the performance requirements on the materials are the highest. Nexam Chemical have for many years worked with the commercialization of the product family NEXIMID®, which also formed the basis for founding Nexam Chemical.
“The order is a great success for Nexam Chemical and the result of persistent marketing activities. It has been a long process and our product have during several years been tested and validated by the most comprehensive quality systems imaginable. The whole process is subject to confidentiality agreements. The end-customer has passed all steps of validation and intend to increase their production volume. This is yet another confirmation that our technology can deliver high customer value and give us profitable growth”, says Anders Spetz, CEO.
Note: This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.
For further information please contact:
Anders Spetz, CEO, +46-703 47 97 00, email@example.com
This information is information that Nexam Chemical Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11:55 CET on November 10, 2016.
About Nexam Chemical
Nexam Chemical develops technology and products that make it possible to significantly improve the production process and properties of most types of plastics in a cost-effective manner and with retained production technology. The improved properties include strength, toughness, temperature and chemical resistance as well as service life. The improvements in properties that can be achieved by using Nexam Chemical's technology make it possible to replace metals and other heavier or more expensive materials with plastics in a number of applications. In applications where plastic is already used, Nexam Chemicals products can improve the manufacturing process, reducing material use and enable more environmental friendly alternatives. Example of commercial applications: pipe manufacturing, foam production and high-performance plastics. More information about the business will be found on www.nexamchemical.com. The company´s Certified Adviser is FNCA Sweden AB.