FSI ANNOUNCES NEW CONTRACT FOR FOOD GRADE MANUFACTURING
16 Janeiro 2025 - 11:00AM
FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE-AMERICAN: FSI), is the
developer and manufacturer of biodegradable polymers for oil
extraction, detergent ingredients and water treatment as well as
crop nutrient availability chemistry. Flexible Solutions also
manufactures biodegradable and environmentally safe water and
energy conservation technologies. FSI is also increasing its
presense in the food and nutrition supplement manufacturing
markets. Today the Company announces the signing of a new contract
for food grade manufacturing.
FLEXIBLE SOLUTIONS INTERNATIONAL, INC.
(NYSE Amex: FSI) announces that, on January 7, 2025, it
contracted with a US based company to manufacture food grade
products for the U.S. based company on a non-exclusive basis. The
contract has a term of five years and will automatically renew for
up to five additional successive five year terms unless FSI or the
U.S. based company provides written notice of a non-renewal at
least 180 days prior to the end of the then-current term. FSI
estimates that the contract can possibly generate revenue per year
between $15 million and $30 million or more. Revenue is expected to
begin in approximately six months after allowing for FSI to expand
its clean room space and install equipment necessary to manufacture
the product for the U.S. based company.
Dan O'Brien, CEO comments, "This is a very
significant contract that could provide revenue for many years. It
is confirmation that our decision to enter the food grade market
was correct and it is a strong base to build on as we work to
obtain more business selling food grade products to US customers."
Mr. O'Brien continues, "This contract was not easy to obtain. From
myself on down to the factory personnel in Illinois, we had to
focus on what the customer wanted and how to provide it efficiently
to very high quality specifications. I'm proud of the FSI team and
what they have achieved."
About Flexible Solutions
International
Flexible Solutions International, Inc.
(www.flexiblesolutions.com), based in Victoria, British Columbia,
is an environmental technology company. The Company’s NanoChem
Solutions Inc. subsidiary specializes in biodegradable,
water-soluble products utilizing thermal polyaspartate (TPA)
biopolymers. TPA beta-proteins are manufactured from the common
biological amino acid, L-aspartic and have wide usage including
scale inhibitors, detergent ingredients, water treatment and crop
enhancement. Along with TPA, this division started producing other
crop enhancement products as well. In 2022, the Company entered the
food and nutrition markets by obtaining FDA food grade approval for
the Peru IL plant. The other divisions manufacture energy and water
conservation products for drinking water, agriculture, industrial
markets and swimming pools throughout the world
Safe Harbor Provision
The Private Securities Litigation Reform Act of
1995 provides a "Safe Harbor" for forward-looking statements.
Certain of the statements contained herein, which are not
historical facts, are forward looking statement with respect to
events, the occurrence of which involve risks and uncertainties.
These forward-looking statements may be impacted, either positively
or negatively, by various factors. Information concerning potential
factors that could affect the company is detailed from time to time
in the company's reports filed with the Securities and Exchange
Commission.
Flexible Solutions
International6001 54th
Ave, Taber, Alberta, CANADA T1G 1X4Company
Contacts
Jason BloomToll Free: 800.661.3560Fax:
403.223.2905Email: info@flexiblesolutions.com
To find out more information about Flexible
Solutions and our products please visit
www.flexiblesolutions.com
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mistake or if you would like to be removed from our update list
please reply to: info@flexiblesolutions.com
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