






|
PRESS
RELEASE 72
(Released Via Business Wire)
March 9, 2009Flame Seal Announces Completion of High
Volume Production Unit,
Additional Executive Hiring, Plus Imminent ICC Certifications, Just in
Time for New Foam Insulation Season
CURRENT NEWS
ITEM :
Flame Seal’s new full scale production
systems are now complete, and have begun manufacturing the Company’s
first large volume batches of its Leather Fire Retardant. The first run
of the Thermal Barrier product is set for next week. This, just in time
as this year’s Polyurethane Foam Insulation season begins in earnest.
Due to the tremendous response to Flame Seal’s Thermal Barrier product
at the January SPFA Trade Show, preparations have been completed that
position the Company to meet the needs of all clients in the Foam
Insulation Market. Some of these are:
Flame Seal is proud to announce the recent
hiring of Charles Hargrave as its Supply Chain Manager (materials
acquisition, purchasing, freight management, etc.). Charles comes from
Motorola, moving from Phoenix, Arizona to Houston, Texas to join the
TEAM. Additionally, the Company has hired another production line
manager who is in training.
Flame Seal’s President has been asked to,
and shall join the SPFA and ICC organizations in order to take part in
the decision processes regarding codes and guidelines that affect the
Polyurethane Foam Industry and the Fire Protection Industry.
It has been confirmed that Flame Seal’s
Thermal Barrier product will soon receive ICC Certification, which is
the highest level of recognition and acceptance in the world. No
Company has accomplished this until now. These certifications have been
applied for by foam manufacturers, which in essence “specify” Flame
Seal’s coating as a “required” component of their foam.
From the
President:
“I am pleased to be able to say that our
new production facility is coming together at the exact point in time
when it is going to be required! We can produce over $10Million / yr.
with just this one tank system, on single shifts. Our in-house
management team is complete, with this final addition. Our Executive
Team is essentially complete and working well together. The next member
of our team to be brought aboard, and formally announced, from the
“mystery” Advisory Committee (past release 12-31-07), will be revealed
very soon, even though he is currently active meeting many key clients
and working with Craig Keyser already. His profile is such that the
politics have taken over a year to work through. I would say that his
announcement should excite even the most conservative investors!
“About ICC Certifications. The value of
this to our Company cannot be overstated. An ICC Certification gives us
International, Universal acceptance the moment it is issued! The
Holy Grail of Certifications, for the Holy Grail of Coatings, as it
were. We already have Warnock-Hersey and Intertek Certifications, and
we can do a great business with those, but the biggest manufacturers
have stated that, if we get ICC Certification, they will seek ICC
Certifications with our coating on their foam as well, which specs or
“marries” them together, since it makes our coating a required
component of their foam! Thus, we decided many months ago to make ICC
Certification our primary goal above all else. It is risky because it
can take years, and many don’t make it, but, we now know we have
already succeeded at this, the top level of recognition in our
industry. And, as a result, this new growing market is ours to lose…
and I have no intention of losing. We’ve worked too hard for too long
to get here!
“We have requested projections from our
primary clients in this market, in order to plan the year ahead. More
on that as we receive data, and, next press I will address more PUF/
ICC developments, and our long term project… paint!”
BACKGROUND:
FLAME SEAL PRODUCTS, INC. (FLMP)
became a public company and began trading March 27, 2000 on the OTC
(Non-BB “Pink Sheets”) stock market. Flame Seal Products, Inc. is the
Transfer Agent of record.
Michael D. Kiser
President
|