FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (AMEX: FSI, FRANKFURT: FXT),
the developer and manufacturer of biodegradable and environmentally safe water and energy conservation technologies, as well as oil field anti-scalant, detergent, water and agricultural technologies. Today the Company announces that the steam permit required for the final testing of the Company’s aspartic acid facility has been issued.
Mr. Dan O’Brien, CEO, explains, “Issuance of our steam permit means that we are finally allowed to test all of the equipment at full volume compared to the 35% volumes that we have succeeded at in previous batches. Our employees will immediately begin running trials at full volume. This also means that once testing is successfully completed, production can begin.”
Mr. O’Brien continues, “It is important to state that four to six weeks of testing is needed to confirm the expected success at the new volume and until that testing is complete we are not able to announce commercial production. This announcement is intended to ensure fair disclosure of the plant status to all investors, especially considering the anticipation with which our shareholders are waiting.”
Regardless of this announcement, the Company considers completion of testing and commencement of production a material event and will announce when it occurs.
About Flexible Solutions International
Flexible Solutions International, Inc. (
), 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 WaterSavr, the world’s first commercially viable water evaporation retardant. WaterSavr reduces evaporation by up to 30% on reservoirs, lakes, aqueducts, irrigation canals, ponds and slow moving rivers. Heatsavr 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 Ecosavr product targets the residential swimming pool market providing the same savings as Heatsavr.
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.