Thermal Polyaspartate (TPA) biopolymers

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FSI ANNOUNCES A SECOND SIGNIFICANT FOOD GRADE CONTRACT
GlobeNewswire News Room· 2025-08-11 21:00
Core Insights - Flexible Solutions International, Inc. has signed a significant food grade contract that is expected to generate annual revenue between $6.5 million and $13 million, with production scaling up immediately [2][3] - The contract includes a five-year term, optional expansion to over $25 million in annual revenue, and provisions for tariff and inflation protection [3] - The CEO stated that combined with a previous contract, the new food grade production could exceed $50 million per year by 2027, with potential to double overall revenue in the next 18 months [4] Company Overview - Flexible Solutions International, Inc. specializes in biodegradable polymers for various applications including oil extraction, detergents, water treatment, and crop nutrients [1][5] - The company has entered the food and nutrition supplement manufacturing market, having obtained FDA food grade approval for its Illinois plant in 2022 [5] - The company's subsidiary, NanoChem Solutions Inc., focuses on biodegradable, water-soluble products made from thermal polyaspartate (TPA) biopolymers [5]
FSI ANNOUNCES SECOND QUARTER, 2025 REVENUE
Globenewswire· 2025-07-16 21:00
Core Viewpoint - Flexible Solutions International, Inc. reported a revenue increase in Q2 2025, driven by a significant payment for food grade product development, despite facing challenges from historical customers due to economic conditions and inventory reductions [2][3]. Financial Performance - Q2 2025 revenue reached $11.212 million, up from $10.529 million in Q2 2024, marking an approximate 6.5% year-over-year increase [2]. - The CEO noted that a $2.5 million payment for food grade product development positively impacted Q2 revenue [3]. Business Strategy - The company is shifting focus towards food grade operations in response to volatility in its base business [3]. - The CEO expressed optimism for growth in the second half of 2025, contingent on economic conditions not deteriorating further [3]. Company Overview - Flexible Solutions International specializes in biodegradable polymers for various applications, including oil extraction, detergents, and water treatment [1][4]. - The company has expanded into the food and nutrition supplement manufacturing markets, having obtained FDA food grade approval for its Peru IL plant in 2022 [4].