AJX is developing new nano-particle technology used to create flame retardant treatments for polyester and nylon material. It is being developed in conjunction with the US Military. It has just started production runs in the US (still not fully commercial, but is being used to validate product performance) and is in negotiation with European manufacturers. Market is military, emergency, and industrial work wear.

Currently a $20m market cap, after its share price recently rocketed from 4c to 12c, but the future looks bright as it moves into commercialisation phase.