Flameret Receives Strong Interest from China for Its Patented Flame Retardant Products
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New World Flammability Standards to Drive Massive Worldwide Growth Through 2018
LAS VEGAS, Oct. 17, 2011 - 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.
About Flameret
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.
