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MOU Focuses on Production, Marketing and Sales Collaboration
the evaluation of a contract manufacturing, by LANXESS, of a family of FRX patented NOFIA® products,
the potential production by LANXESS, of an FRX patented raw material necessary for the production of NOFIA® flame retardants,
the exploration of potential marketing by LANXESS of NOFIA® flame retardants in specific sectors and/or geographies.
“Being a unique polymeric, sustainable flame-retardant solution, the NOFIA® range fits perfectly with LANXESS’ existing phosphorus flame retardant portfolio and long-term strategy of sustainable flame-retardant solutions,” said
“This relationship with LANXESS is a definitive step in the growth of our NOFIA® business,” said
Lebel continued, “The relationship we are discussing fits well with FRX’s mission to be a leader in the environmentally sustainable revolution now driving the flame-retardant industry.”
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For more information, visit www.frx-innovations.com.
About LANXESS (www.lanxess.com)
LANXESS is a leading specialty chemicals company with sales of
About
NOFIA® is a registered trademark of FRX. NOFIA® products are manufactured at its manufacturing facility on the
Cautionary Note Regarding Forward-Looking Statements and Reader Advisory
Certain statements contained in this news release, including, but not limited to, statements with respect to the Offering, the completion of the Offering, the size, amount and type of securities issued under the Offering, participation in the Offering by related parties and the amount of such participation, among other things, and statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, may constitute forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management’s expectations regarding the Company’s future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.
These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward- looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable based on information available to it, but no assurance can be given that these expectations will prove to be correct.
Contact Information:
Mark Lotz CFO
+1 604-880-6546
mlotz@frxpolymers.com
Mike Goode CCO
+1 765-838-9018
mgoode@frxpolymers.com
FRX Innovations Investor Relations and Media Inquiries
Investor Relations
Carl Desjardins
+1 514-818-0447
Jean-
+1 514-951-2730
+41 76 335 4402
+1 978-505-1275
ir@frx-innovations.com
Media Inquiries
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