About Ocean Bio-Chem

Ocean Bio-Chem, Inc. manufactures, markets, and distributes a broad line of appearance, performance and maintenance products for the marine, automotive, power sports, recreational vehicle, home care and outdoor power equipment markets, under the Star brite and Star Tron brand names. The company sells these products within the United States of America and Canada. In addition, the company produces private label formulations of many of its products for various customers and provides custom blending and packaging services for these and other products. The company also manufactures, markets, and distributes chlorine dioxide-based deodorizing disinfectant, and sanitizing products under the Star brite and Performacide brand names, utilizing a patented delivery system for use with products containing chlorine dioxide. In February of 2022, the company’s wholly owned subsidiary, KINPAK Inc. (Kinpak) completed an expansion of its manufacturing and distribution facilities by an additional 69,000 square feet on its 23-acre site. This expansion brings the total facility square footage to exceed 370,000 square feet of dedicated space for production, warehousing, and distribution. Products Marine: The company’s marine line consists of polishes, cleaners, protectants and waxes under the Star brite brand name, enzyme fuel treatment under the Star Tron brand name, and private label products sold by some of its customers. The marine line also includes motor oils, boat washes, vinyl cleaners, protectants, teak cleaners, teak oils, bilge cleaners, hull cleaners, silicone sealants, polyurethane sealants, polysulfide sealants, gasket materials, lubricants, antifouling additives and anti-freeze coolants. In addition, the company manufactures a line of brushes, brush handles, tie-downs and other related marine accessories. Automotive: The company manufactures a line of automotive products under the Star brite and Star Tron brand names. The automotive line includes fuel treatments for both gas and diesel engines, motor oils, greases and related items. The company’s Star Tron enzyme fuel treatment is designed to eliminate and prevent engine problems associated with fuel containing 10% ethanol (E-10 fuel), including among other things, fuel degradation, debris in fuel (gum and varnish formation) and ethanol’s propensity to attract water (which can adversely affect octane). Star Tron fuel treatment also increases fuel economy by cleaning the fuel delivery system and facilitating more complete and uniform combustion. In addition, the company produces anti-freeze and windshield washes under the Star brite brand and under private labels for customers. The company also produces automotive polishes, cleaners and other appearance items. Recreational Vehicle/Power Sports: The company markets Star Tron fuel treatment and other specialty products to the recreational vehicle market, including snow mobiles, all-terrain vehicles and motorcycles. For power sports enthusiasts, Star Tron provides a viable solution to a number of problems associated with E-10 fuel. Other specialty recreational vehicle/power sports products include cleaners, polishes, detergents, fabric cleaners and protectants, silicone sealants, waterproofers, gasket materials, degreasers, vinyl cleaners and protectants, toilet treatment fluids and anti-freeze/coolant. Outdoor Power Equipment/ Lawn and Garden: The company markets Star Tron as a solution to help rectify a number of operating engine problems associated with E-10 fuel in commercial lawn equipment and other home and garden power equipment. Disinfectant Group: The company’s disinfectant group includes chlorine dioxide-based deodorizers, disinfectants and sanitizers, which it sells under the Star brite and Performacide brand names, and which its customers sell using private label brands. Star brite products include NosGUARD mildew odor control bags and boat odor sanitizers. Performacide products include disinfectants for hard, non-porous surfaces, air care products for deodorizing and products to eliminate mold and mildew. These products are sold in both a gas and liquid form. The U.S. Environmental Protection Agency has accepted labeling for Performacide used in hard surface applications that claims, among other things, effectiveness as a virucide against a variety of viruses, including HIV-1, Influenza-A, Herpes Simplex-2, Poliovirus-1, norovirus and rotavirus; as a disinfectant against a number of different types of bacteria; and as a sanitizer against certain types of bacteria that cause food borne illnesses. The company is directing distribution efforts with respect to its disinfectant group principally towards the marine, automotive, home restoration, pet care and agriculture markets, and to institutions, such as schools. Contract Filling and Blow Molded Bottles: The company blends and packages a variety of chemical formulations to its customers’ specifications. In addition, the company manufactures for sale to various customers assorted styles of both PVC and HDPE blow molded bottles. Marketing and Significant Customers The company’s branded and private label products are sold through national retailers, such as Wal-Mart, Tractor Supply, West Marine and Bass Pro Shops. Additionally, the company markets its products via online retailers, such as Amazon. The company also sells to national and regional distributors that resell its products to specialized retail outlets. In the case of Performacide disinfectant/sanitizing products, the company sells to both retailers, as well as distributors that resell its products, in some cases under private labels, to end users principally in the marine, automotive, home restoration, law enforcement and agriculture markets. The company markets its products through both internal salesmen and external sales representatives who work on an independent contractor commission basis. The company’s personnel also participates in sales presentations and trade shows. In addition, the company markets its brands and products through advertising campaigns in national magazines, on television, on the internet, in newspapers and through product catalogs. The company’s products are distributed primarily from Kinpak’s manufacturing and distribution facility in Montgomery, Alabama. Trademarks The company has obtained registered trademarks for Star brite, Star Tron, Performacide and other trade names used on its products. Patents The company owns several patents, the most significant of which relate to a delivery system for use with products containing chlorine dioxide (the ClO2 Patents). In 2021, the company was issued a new patent for its ClO2 delivery system that expires on July 8, 2039. Research and Development Costs The company incurred approximately $55,000 of research and development costs for the year ended December 31, 2021. History Ocean Bio-Chem, Inc. was founded in 1973. The company was incorporated in 1973 under the laws of the state of Florida.