Flameret Receives Strong Interest from China for its Patented Flame Retardant Products
LAS VEGAS, Oct. 17, 2011 /PRNewswire/ — Flameret, Inc. (FLRE:OTCBB), a leading provider of flame retardant products to various industries, today announced that it has received significant interest from Chinese manufacturers for its patented flame retardant products. The initial interest from China has come from manufacturers in the construction sector but current trends indicate that the company should begin to receive interest from other vertical markets such as the mattress and furniture industries.
Recent reports have projected that the Asia/Pacific region will remain the fastest and largest growing region in the world for flame retardant products, accounting for half of all worldwide demand by 2014. In 2010, China used 354,500 metric tons of flame retardant products, surpassing the United States to become the world’s largest market for flame retardant additives. The Asia Pacific region accounted for 41% of global demand in Europe, followed by North America and Western Europe.
Christopher Glover, Chief Executive Officer of Flameret, Inc. commented, “We are receiving strong interest from Chinese manufacturers because of the unusual characteristics of our solution. Our solution is non-toxic, non-staining and emits no odor while meeting the most stringent of flammability standards throughout the world.”
Mr. Glover added, “Our industry is expected to see massive growth over the next 5-10 years. Regardless of the world economy, even the most conservative estimates are projecting that manufacturers of flame retardant products will experience unprecedented growth through 2018.”
Glover concluded, “We expect to be a major player in this multi billion dollar industry.”
The worldwide market for flame retardant products is expected to surpass $5.8 billion in 2018.
Flameret, Inc. has developed fire retardant products to suit a wide range of applications. These products are marketed under the brand names; Flamex(TM), Ultra Flamex(TM) and Impex(TM). Flameret(TM) products are patented and held in the name of United American Inc.
Flameret’s numerous flame retardant products are applicable for the manufacturing of an array of textile applications which includes mattresses, bedding, furniture, and clothing. The Company has designed fire resistant textiles fire barriers for this US standard and other world markets. Our complete fire retardant product lines should compete favorably with other competitors, because Flameret’s(TM) fire retardants are highly effective and – non-toxic.
Flameret Fire Retardant and fire resistant applications will be sold to separate industries. These industries include the fire resistant textiles industry, the military and the energy extraction industry [oil fields], the aviation industry, and forestry services. The Company expects to manufacture and sell Flameret fire retardant products for the treatment of textiles lines at the production stage for various textile products. In the near future Flameret also plans to offer a complete line of fire extinguishing products.
For information concerning Flameret, Inc., please visit the Company’s website at www.flameret.com.
The press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to the Company’s development program and any other statements that are not historical facts. Such statements involve risks and uncertainties, including, but not limited to, those risks and uncertainties relating to difficulties or delays in development, testing, regulatory approval, production and marketing of the Company’s products, the uncertainty of patent protection for the Company’s intellectual property or trade secrets, and the Company’s ability to obtain additional financing. Such statements are based on management’s current expectations, but actual results may differ materially due to various factors, including those risks and uncertainties mentioned or referred to in this press release.
SOURCE Flameret, Inc.