TAGS: Flame Retardants
FRX Innovations and Polymer Compounders Limited announce that they have entered into a non-binding Memorandum of Understanding (“MOU”) to provide PCL with a substantial amount of FRX’s patented, non-toxic and non-leaching Nofia® brand of flame retardant additives.
Under the terms of the agreement, FRX will provide PCL with Nofia® with approximate values starting in Q4 2022 of $US170,000, 2023 of $US1,700,000 and 2024 of $US8,500,000. Gross profit margins of this agreement are expected to be in line with the Company’s historical financial performance of similar commercial agreements.
Strategic Alliance at Developing New Applications
In addition to the commercial agreements of the MOU, the parties will form a strategic alliance aimed at developing new applications for PCL’s groundbreaking Notoxicom® family of polycarbonate alloys within the UK and European Union. This agreement aims to capitalize on the estimated USD $1.5B conversion away from brominated flame retarded polymers to sustainable solutions like Notoxicom®. This conversion is expected to occur over the next 12 to 36 months, resulting from recent legislation passed in the EU and US.
FRX chief executive officer Marc Lebel commented, “
This is a watershed moment for both FRX and PCL as we join forces to meet what we anticipate will be an unprecedented change in the global flame-retardant industry and a substantial demand for our solutions. By 2024, major OEMs around the world will shift to products such as Notoxicom® which is based on FRX’s Nofia®, as sweeping regulatory changes banning the use of brominated flame retardants come into effect around the world.” “
Notoxicom® is especially well suited to capitalize as it not only offers outstanding flame-retardant properties down to 0.8mm in part thickness, but also delivers up to 30 degrees C improvement in heat distortion compared to other bromine-free solutions.”
Related Read: Flame Retardants for Fire Proof Plastics
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This combination allows the device designer to dramatically reduce the amount of plastic used in a given device which is both a cost savings and great for the planet. Moreover, Notoxicom® is exceptionally well suited for applications where it is in contact with water, like in marine battery cases, because FRX’s Polymeric solution, will not migrate out of the polymer alloy over time,” added Lebel.
PCL managing director, Grahame Houlder said, “
We are really excited to be entering into this MOU with FRX. This MOU represents the next step in the growing partnership that we have developed with FRX over the last few years and allows us to secure our Nofia® supply in advance of the considerable growth expected for Notoxicom® over the next 12 to 36 months. In addition, working in partnership with FRX will allow us to grow the adoption of our Notoxicom® family of products more rapidly. This is a true win-win for both companies”.
Explore FRX's Nofia® Range
Source: FRX Innovations