About Flexible Solutions International

Flexible Solutions International, Inc. and its subsidiaries develop, manufacture and market specialty chemicals, which slow the evaporation of water. In addition to the water conservation products, the company manufactures and markets water-soluble chemicals utilizing thermal polyaspartate biopolymers (TPAs), which are beta-proteins manufactured from the common biological amino acid, L-aspartic. Segments The company operates through two segments, Energy and Water Conservation Products, and Biodegradable Polymers. Energy and Water Conservation products, which consists of a liquid swimming pool blankets which save energy and water by inhibiting evaporation from the pool surface, and food-safe powdered form of the active ingredient within the liquid blankets and which are designed to be used in still or slow moving drinking water sources. Biodegradable Polymers, also known as TPA’s, used by the petroleum, chemical, utility and mining industries to prevent corrosion and scaling in water piping. This product can also be used in detergents to increase biodegradability and in agriculture to increase crop yields by enhancing fertilizer uptake. Products Thermal Polyaspartates (TPAs) The company manufactures TPAs in its Peru, Illinois plant using a thermal polymerizing process. The multiple variants produced are optimized for individual market verticals and sold for end use or through distribution. TPAs for Oilfields: TPAs are used to reduce scale and corrosion in various topside water systems. The company has the ability to custom manufacture TPAs depending on the specific water conditions associated with any oil well. TPAs are also used in fracking fluids to reduce the toxicity while maintaining equal function. TPAs for the Agricultural Industry: TPAs have the ability to reduce fertilizer crystallization before, during and after application and can also delay crystal formation between fertilizer and minerals present in the soil. Depending on the application, TPA products are marketed under a variety of brands, including EX-10, Amisorb, LYNX, MAGNET, AmGro and VOLT. Markets of significance include corn, wheat, soybeans, rice, potatoes, sugar beets, cotton, tomatoes, almonds and other high value per acre crops. TPAs for Irrigation: The crystallization prevention ability of TPAs can also be useful in select irrigation conditions. TPAs compete with acid type scale removers, but have the advantage of a positive yield effect on the plant, as well as an easier deployment formulation with liquid fertilizers when used as part of a fertigation program. The company’s TPAs for drip irrigation scale prevention are marketed and sold through the same channels as TPAs used by the agricultural industry. TPAs in Cleaning Products: TPA can replace polyacrylates in cleaning products which is valuable because TPA is biodegradable while polyacrylates are not. In a cleaning product formulation, TPA prevents the re-deposition of dirt onto the surfaces to be cleaned allowing dirt to be rinsed away. Nitrogen Conservation Products for Agriculture: The company manufactures and sells two conservation products and mixtures used for slowing nitrogen loss from fields. One significant loss route for nitrogen fertilizer is enzymatic degradation by bacteria naturally present in soil. The company’s product, SUN 27 inhibits the bacterial action and keeps the nitrogen fertilizer available for plant growth. The second significant nitrogen loss mechanism is de-nitrification. This is also caused by bacterial activity in soil resulting in oxygen being stripped from the fertilizer leaving nitrogen gas. The company’s N Savr 30 product uses the most effective active ingredients available to combat this cause of fertilizer loss. The company sells SUN 27 and N Savr 30 through distributors in North and South America under its trade names and under private labels. HEATSAVR The company’s studies indicate that approximately 70% of the energy lost from a swimming pool occurs through water evaporation. HEATSAVR is a chemical product for use in swimming pools and spas that forms a thin, transparent layer on the water’s surface. The company has received reports from its commercial customers documenting energy savings of between $2,400 and $6,000 per year when using HEATSAVR. In outdoor pools, the HEATSAVR also provides convenience compared to pool blankets. It is often inconvenient to use conventional pool blankets since a pool blanket must be removed and stored before the pool can be used. Pool blankets do not provide any energy savings when not on the pool. Conversely, HEATSAVR eliminates the need to install, remove and store the blanket and works 24 hours a day. The company also manufactures and sells products which automatically dispense HEATSAVR into commercial size swimming pools or spas at the rate of one ounce per 400 sq. ft. of water surface per day. WATERSAVR This product utilizes a patented variation of the company’s HEATSAVR technology to reduce water evaporation in reservoirs, potable water storage tanks, livestock watering ponds, aqueducts, canals and irrigation ditches. WATERSAVR may also be used for lawn and turf care and potted and bedding plants. WATERSAVR is sold in granulated form and can be applied by hand, by fully automated scheduled metering, or by an automatic dispenser. Competition TPAs: The company’s TPA products have direct competition with Lanxess AG (spun out of Bayer AG) (Lanxess), a German manufacturer of TPAs, which uses a patented process different from its. Government Regulations The company has received National Sanitation Foundation approval for the use of WATERSAVR in drinking water in the United States. Research and Development The company spent $99,275 during the year ended December 31, 2022, on research and development. History Flexible Solutions International, Inc. was founded in 1991.

Country
Industry:
Industrial inorganic chemicals
Founded:
1991
IPO Date:
11/05/1999
ISIN Number:
I_CA33938T1049
Address:
6001 54th Avenue, Taber, Alberta, T1G 1X4, Canada
Phone Number
Data Unavailable

Key Executives

CEO:
O’Brien, Daniel
CFO
O’Brien, Daniel
COO:
Data Unavailable