Alexium International Group Limited announced the commercialization of a new line of proprietary biobased and biodegradable phase change materials for thermal management applications. Beyond the environmental benefits, these products provide further performance enhancements and expand the range of applicable market segments for the Alexicool® portfolio. Phase change materials (PCMs) are the key active material for the Company's Alexicool® products and are used in a range of consumer products including bedding materials and activewear. The new biobased PCM products were developed with corporate partners and leverage a range of insights gained from Alexium's years of research and analytics in thermal management applications. These benefits include: Certified biobased & biodegradable PCMs; Improved rate of activation to its active form; Improved handling during manufacturing; Cost competitive. Additionally, this platform allows for the Company to expand its portfolio to address a broader range of end products and to better meet customer needs.