Friday, March 03, 2017 12:55:49 PM
EWS RELEASE
13 February 2017
FSI – Fire at Taber Alberta Plant
VICTORIA, BRITISH COLUMBIA, February 13, 2017 – FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE-MKT: FSI, FRANKFURT: FXT), 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. On Saturday, February 11th, a fire started in our Taber Alberta plant where all our swimming pool products are manufactured. The building and contents are a total loss. One employee suffered very minor burns. Insurance was in place.
Sales of products made at this plant are between $600,000 and $800,000 annually meaning that the effect on revenue will be about $150 thousand to $200 thousand per quarter until operations are resumed, while the effect on EBITDA and profits will be extremely small.
There will be no effect on production and sales of the NanoChem division nor will WatersavrTM production and sales be affected. 95% of annual sales are through NanoChem and WatersavrTM. Customers of our pool products should contact their sales representative regarding orders that are in place or to be placed.
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. The other divisions manufacture energy and water conservation products for drinking water, agriculture, industrial markets and swimming pools throughout the world. FSI is the developer and manufacturer of WaterSavrTM, the world’s first commercially viable water evaporation retardant. WaterSavrTM reduces evaporation by up to 30% on reservoirs, lakes, aqueducts, irrigation canals, ponds and slow moving rivers. HeatsavrTM, a “liquid blanket” evaporation retardant for the commercial swimming pool and spa markets, reduces energy costs by 15% to 40% and can result in reduced indoor pool humidity. The Company’s EcosavrTM product targets the residential swimming pool market providing the same savings as HeatsavrTM.
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.
Recent FSI News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/27/2024 06:38:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2024 05:14:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 09:01:31 PM
- FSI ANNOUNCES SECOND QUARTER, 2024 FINANCIAL RESULTS • GlobeNewswire Inc. • 08/14/2024 08:30:00 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 08/13/2024 08:00:49 PM
- FSI ANNOUNCES SALE OF FLORIDA LLC UNITS • GlobeNewswire Inc. • 08/12/2024 01:00:00 PM
- FSI ANNOUNCES SECOND QUARTER 2024 REVENUE • GlobeNewswire Inc. • 07/16/2024 08:30:00 PM
- FSI ANNOUNCES CAPEX EXPENDITURE TO ACQUIRE A VIAL FILLING LINE FOR INJECTABLE DRUGS SUCH AS GLP1 FOR WEIGHT LOSS • GlobeNewswire Inc. • 06/05/2024 02:58:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 08:02:10 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:53:27 PM
- FSI ANNOUNCES FIRST QUARTER, 2024 FINANCIAL RESULTS • GlobeNewswire Inc. • 05/15/2024 08:30:00 PM
- FSI ANNOUNCES FIRST QUARTER 2024 REVENUE • GlobeNewswire Inc. • 04/23/2024 08:30:00 PM
- FSI ANNOUNCES FULL YEAR, 2023 FINANCIAL RESULTS • GlobeNewswire Inc. • 03/29/2024 01:21:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/31/2024 02:00:02 PM
- FSI ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 REVENUE • GlobeNewswire Inc. • 01/22/2024 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 08:24:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/17/2023 08:29:34 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 11/17/2023 08:29:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 08:29:06 PM
- FSI ANNOUNCES THIRD QUARTER, 2023 FINANCIAL RESULTS • GlobeNewswire Inc. • 11/14/2023 09:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 09:05:41 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 10/20/2023 06:41:48 PM
- FSI ANNOUNCES THIRD QUARTER 2023 REVENUE • GlobeNewswire Inc. • 10/16/2023 01:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM