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FSI ANNOUNCES PRODUCTION START FOR SECOND FOOD CONTRACT
Globenewswire· 2025-09-23 13:00
Group 1 - Flexible Solutions International, Inc. has commenced production for a food grade contract announced on August 11, 2025, with revenue expected to start in Q4 2025 and grow throughout 2026 as production scales to meet customer demand [2][3] - The CEO, Dan O'Brien, stated that full-scale production has begun and invoicing will start in Q4, with Q1 2026 sales projected to reach a minimum rate of $6.5 million per year for this customer [3] - The company specializes in biodegradable polymers for various applications, including oil extraction, water treatment, and crop nutrient availability, and is expanding into the food and nutrition supplement manufacturing markets [1][3] Group 2 - The company's subsidiary, NanoChem Solutions Inc., focuses on biodegradable, water-soluble products made from thermal polyaspartate (TPA) biopolymers, which have applications in scale inhibition, detergents, water treatment, and crop enhancement [3] - In 2022, Flexible Solutions entered the food and nutrition markets by obtaining FDA food grade approval for its Peru IL plant, indicating a strategic expansion into new sectors [3]
FSI ANNOUNCES RECEIPT OF A $2.5 MILLION PAYMENT FOR ASSISTING IN THE DEVELOPMENT A NEW FOOD GRADE PRODUCT
Globenewswire· 2025-07-01 21:00
Core Insights - Flexible Solutions International, Inc. (FSI) has received a payment of US$2.5 million for its assistance in developing a new food-grade product, indicating successful R&D efforts [1][2][3] - The company is expanding its presence in the food and nutrition supplement manufacturing markets, having obtained FDA food grade approval for its Peru IL plant in 2022 [3] Financial Highlights - The payment of US$2.5 million was received on July 1, 2025, with potential for additional payments in the future related to the product development assistance [2] - Future business opportunities may arise for FSI's NCS division in manufacturing the new food-grade product, although any announcements regarding this will occur at a later date [2] Company Overview - FSI specializes in biodegradable polymers for various applications, including oil extraction, detergents, water treatment, and crop nutrient availability [1] - The company's NanoChem Solutions Inc. subsidiary focuses on biodegradable, water-soluble products made from thermal polyaspartate (TPA) biopolymers, which have diverse applications [3] - FSI also manufactures energy and water conservation products for multiple markets, including drinking water, agriculture, and industrial sectors [3]