20:17:48 EDT Thu 30 Mar 2023
Enter Symbol
or Name

Login ID:
FRX Innovations Inc
Symbol FRXI
Shares Issued 86,458,210
Close 2023-03-14 C$ 0.27
Recent Sedar Documents

FRX Innovations customer Chiao Fu adopts Nofia

2023-03-15 15:20 ET - News Release

Mr. Marc Lebel reports


FRX Innovations Inc.'s customer Chiao Fu Enterprise Co. Ltd. has recently commercialized a new Nofia-based polyurethane foam application with one of China's largest automotive OEMs (original equipment manufacturer), and owner of major car brands outside of China, as well. This is now the second major automotive OEM to adopt Nofia-based polyurethane foam for passenger compartment interiors following successful adoption of Nofia by a German automotive OEM for luxury cars.

"Chiaofu is an important FRX customer and partner in the Chinese polyurethane automotive foam sector," said Marc Lebel, chief executive officer of FRX Innovations. "The Chinese automotive passenger compartment specifications are amongst the toughest in the world. Foam used must meet flame-retardancy standards, as well as deliver exceptionally low odor, low volatile organic content (TVOC) and superior fogging resistance -- strict commercial requirements which our Nofia flame retardants help exceed, and in a proven economically competitive manner."

Traditional flame retardants for automotive interiors struggle to meet the strict requirements of Chinese odor and TVOC combined with European TVOC requirements such as VDA 278. Nofia flame retardants are both polymeric and halogen-free and can meet all these requirements as well as produce a low-scorch foam.

"This expansion of our business in flexible foam for automotive interiors is one of the many government regulations driving revenue growth being experienced by FRX," stated Mr. Lebel. "The requirement for higher-quality, lower-odor, lower-TVOC, halogen-free, fire-retardant foam is only going to grow to more related applications and more brands, and to other regions. FRX is well positioned to gain market share in reported $100-million-plus market segment for flame retardants used in flexible automotive foam."

FRX is a commercial producer of green, non-leaching Nofia flame-retardant additives with applications in a wide range of consumer applications. Many traditional flame-retardant solutions are increasingly being regulated out of use because of unacceptable health risks to people, animals and the environment over time. As new regulations, consumers and investors demand OEMs to move away from toxic chemicals, FRX Nofia is positioned to lead with a first-mover advantage across multiple markets.

About FRX Innovations Inc.

FRX Innovations is a global manufacturing company, producing a family of sustainable flame-retardant products that serve several large markets spanning textiles, electronics, automotive, electric vehicles (EV) and medical devices. FRX is led by a team of highly experienced business and technical professionals and is positioned to be a leader in the rapidly changing flame-retardant plastics and additives market in response to new legislation prohibiting brominated and perfluoro flame retardants found in a wide range of electronics and electrical products, and restricting the use of melamine flame-retardant chemicals found in furniture and mattress foam products.

We seek Safe Harbor.

© 2023 Canjex Publishing Ltd. All rights reserved.