FRX Innovations, Vancouver, BC // FRX Innovations (TSXV:FRXI) (FSE:W2A.F) (OTC QB: FRXIF) (“FRX” or the “Company”), a leading global developer and manufacturer of environmentally sustainable flame-retardant additives, Nofia®, is pleased to announce that it has received repeat orders from two major chemical companies and one distributor, totaling CAD$ 585,000 so far in the month of May. This activity indicates strong evidence we are back to normalcy after two years of volatility in the industry due to Covid, and other major world events. Less than halfway into Q2, Q2 sales already exceed Q1 sales by >26% and are running at 200% of Q4 2022 sales.
FRX is dedicated to increasing growth in markets where recent bans on Brominated Flame Retardants and restrictions on PFAS chemicals have been put in place. The company’s new patent-pending formulation to replace PFAS-based flame retardants and anti-drip in polycarbonate and its blends is gaining interest. This innovation can be used in a range of applications from consumer electronics to automotive, to construction as well as industrial. It was recently introduced at the US AMI Flame Retardant Conference and at Chinaplas — the world’s leading technology-oriented plastics and rubber trade fair. The initial introduction of FRX’s new innovation resulted in the start of 15 new programs with major global Polycarbonate players.