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PRESS RELEASE #
82 (Released Via
Business Wire:) April 7, 2010
Flame Seal Products, Inc.
and Buckman sign exclusive Distribution Contract for US, Canada and Mexico.
CURRENT NEWS ITEM:Forging an alliance that will bring Flame Seal’s world
class, fire protection technologies to a global marketplace, Flame Seal
Products, Inc. and Buckman have executed an exclusive distribution
agreement whereby Flame Seal’s fire protection products will be marketed and
distributed by Buckman throughout the United States, Canada and Mexico, under
the global Buckman brand as the Flame Bloc ® product line.
Founded in 1945, specialty chemical provider Buckman
serves a wide variety of industries including the paper, water treatment, coatings,
leather and specialty chemical formulator markets. With its headquarters in
Memphis, Tennessee, USA and revenues of over $500 million, Buckman has a global
presence in over 90 countries worldwide-serving customers on every continent.
Buckman has established a powerful reputation for its
focus on safety, health, and environmental stewardship, which is a primary
factor in this partnership. Flame
Seal’s Fire Protection technologies are non-toxic, non-hazardous and
environmentally friendly, yet remain at the highest level of fire protection
performance in the world. This fits
perfectly within Buckman’s focus on “green” technologies, and allows Flame Seal
to continue its focus on the most powerful business initiative of all… saving
lives and property.
The alliance between Flame Seal and Buckman is a
synergistic one that provides tremendous opportunities for both companies,
giving Buckman new solutions to offer its customers, and providing Flame Seal a
proven marketing and distribution channel for the United States, Canada and
Mexico.
The new fire protection product line will be formally
introduced to the world at the American Coatings Trade Show in Charlotte, NC
April 12 – 15, with personnel from both Companies in attendance.
FROM THE PRESIDENT OF FLAME SEAL:
“Hello Stockholders!
I know it has taken a bit longer than anticipated, but this was a huge
undertaking for Buckman, and for us at Flame Seal. These last few weeks, we have been almost exclusively focused on
the Buckman Contract negotiations, technical training for Buckman’s Top Distributors, planning for the
American Coatings Trade show, as well as Flame Seal’s expansion of its
production facilities in preparation for the growth we anticipate this
year. This, while staying on top of the
SPUF foam market, which is growing and getting very demanding as well. (But that is a subject for another
release.) THIS is a very special
release about the most significant development in our history… period!
“I cannot express our thanks enough, for the
commitment, hard work, and extensive attention to detail that Buckman personnel
have shown in their work with us on this project. Both sides are excited about our new partnership, and we are all
eager to work together to bring Flame Seal’s products, under the Flame Bloc ®
Buckman brand, to the North American marketplace.”
“It is incredible to have a strong, reputable
company like Buckman as a partner that believes in the high value of our
technologies, and the huge potential we have in so many markets, especially the
multi-billion dollar plastics and paint industries, which are our primary
targets. Buckman will also focus on our
basic products for wood, paper and fabrics, targeting code requirements, such
as the California regulations that call for fire resistant wood materials on
all exterior materials on structures.
Since California has so many fire risk areas, there is a huge
code-driven opportunity there.”
“There are too many details and complexities
involved in this alliance to discuss in a press release, so I will leave you
with the most important basic facts:
The exclusive nature of the agreement covers all of North America for
all fire retardant coating and additives markets except two: The Spray Polyurethane Foam insulation
market, which is assigned exclusively to SPI, and the Leather Fire Protection
market. All other markets will be
marketed, sold, and distributed by Buckman.
We also have a nondisclosure agreement with Buckman through which we
hope to “co-develop” new technologies with Buckman’s R&D departments. This should have powerful synergistic
effects as well in aerospace, and other high tech industries.
Buckman will be issuing a separate press release regarding
this agreement to specific industries and markets in a few days.
Look for information in upcoming press releases
about the SPUF insulation market in the next couple weeks, as Flame Seal
receives permission from Corporations named in the releases.
About Buckman
Buckman is a
privately held, global specialty chemical company with headquarters in Memphis,
Tennessee, USA committed to safeguarding the environment, maintaining safety in
the workplace, and promoting sustainable development. Buckman works proactively and collaboratively with its worldwide
customers in pulp and paper, leather, and water treatment to deliver
exceptional service and innovative specialty chemical solutions to help boost
productivity, reduce risk, improve product quality, and provide a measurable
return on investment. www.buckman.com.
ABOUT FLAME SEAL:
Flame Seal trades on PK-OTC, symbol “FLMP”
Flame Seal is a Fire Retardant Technology
Company that offers a wide variety of products and technology solutions for a
number of diverse applications and industries. Our products are currently
being used on many substrates including Foam, Plastic, Fabric, wood, Paper,
Metals, etc. We also offer customized fire retardant solutions for
construction, as well as providing fire protection platforms for many
industrial uses.
For over 20 years Flame Seal Products has been
in the forefront of fire prevention technology, developing a reputation of the
highest regard for its Research and Product Development capabilities. The
resulting technologies are water based, non toxic, environmentally friendly,
and based on unique raw materials that allow for easy adaptation to diverse
industries and applications. More
recently, the Company has tested a number of markets for its many technologies,
and discovered a unique opportunity for tremendous growth.
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.
Flame Seal Products (symbol: FLMP)
713-668-4291
Website: www.flameseal.com
or
Buckman inquiries
contact:
Lela
Gerald
901-272-8386
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