FRX Innovations Inc. Announces Close of Non-Brokered Private Placement
Summary
This year promises to be an exciting one for FRX as the January 1, 2025, deadline for the elimination of brominated flame retardants in the outside of consumer electronics applications is fast approaching. We are in addition making rapid progress in automotive, and coated textiles as well as returning to growth in our traditional markets of PET fibers, foam and film, said Marc Lebel FRX CEO. For instance, Nofia\xae has recently been adopted by a major international chemical company in what we believe is EV charging cables, an application expected to grow at a rate of 16.7%1, reaching US $3.9B1 by 2030. This new business is part of the orders received since the start of January and is an excellent example of the value-added properties possible with Nofia, Lebel added.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.FRX Innovations is a global manufacturing company, producing a family of environmentally sustainable flame-retardant products that serve several large markets spanning textiles, electronics, automotive, electric vehicles (EV) and medical devices. Nofia Polyphosphonates are produced using sustainable green chemistry principles such as a solvent-free production process, no waste by-products, and near 100% atom efficiency, and are both halogen and PFAS free.