Australia company looking to take over biological weapon stopping fabric coating company

ETW Corporation, a publicly-listed, Australia-based company, has begun the investigative process for taking over a United Kingdom-based company that carries the rights to a fabric coating process that protects soldiers against chemical and biological threats.

The innovative fabric coating process, ETW Corporation believes, has global applications in the military and wider-ranging consumer sectors. Alexium Ltd., holds the rights to the Reactive Surface Technology, which won "World's Best Technology 2009" from a pool of 90 finalists at this year's annual World's Best Technologies event.

Reactive Surface Technology, originally developed for the U.S. Department of Defense, is a method of treating standard textiles to provide soldiers with protection against chemical and biological threats. Reactive Surface Technology also makes the standard textile waterproof and adds flame retardant qualities.

Reactive Surface Technology can be applied to glass and paint as well as to standard textiles to enhance their consumer market. It can also be applied to furniture and footwear to take advantage of its flame retardant, stain, oil and water repellant qualities.

Alexium, which owns the exclusive international rights to Reactive Surface Technology,  has an agreement with the Department of Defense for exclusive rights in exchange for a 2.5 percent gross sales royalty to be paid to the U.S. government for the U.S. markets.

Alexium also has exclusive rights in countries other than the United States in exchange for a five percent gross sales royalty to be paid to its original developer, Dr. Jeff Owens.

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U.S. Department of Defense

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