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ISIN: CA33938T1049 · WKN: A2PFUB · Symbol: FSI
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Wednesday March 20, 9:31 am Eastern Time
Press Release
SOURCE: Flexible Solutions International Inc.
Ondeo Nalco and Flexible Solutions Sign Letter of Intent For Manufacture
of Water$avr
VICTORIA, British Columbia--(BUSINESS WIRE)--March 20, 2002-- Flexible Solutions announced that Ondeo Nalco, a subsidiary of SUEZ, has signed a
Letter of Intent to provide global manufacturing capacity for Flexible Solutions` Water$avr product.
Water$avr is an evaporative control powder that is self-spreading over the surface of reservoirs, canals and rivers. By retaining available water, WaterSavr
provides more water at an applied cost as low as $.04 (.05 Euro) per cubic meter.
Patrick Grant, President of the Flexible Solutions` Water$avr Division, states, ``In partnering with Ondeo Nalco on this project, we have found a company that
can meet the quality manufacturing standards required for a NSF product. Additionally, they have access to regional capacities in various areas of the world,
and total annual capability to manufacture up to 400 million pounds of Water$avr.``
It is the intention of both companies to move quickly from the Letter of Intent toward a full manufacturing contract.
``Ondeo Nalco is a global leader in finding solutions in the international water market. Because Water$avr provides a unique solution to managing evaporation
loss, we anticipate that both companies will be able to leverage their strengths in creating a successful partnership`` said Dan Harker, Vice President of Supply
Chain and e-Commerce for Ondeo Nalco.
The companies have also initiated licensing negotiations for Water$avr.
Ondeo Nalco, a subsidiary of Ondeo, the water division of SUEZ (NYSE:SZE - news), is the worldwide leader in water treatment and process chemicals with
10,000 employees working with more than 60,000 customers in 120 countries and annual revenues of $2.8 billion.
Ondeo is the premier water-related solutions provider with a presence in 130 countries supplying 115 million people with water and wastewater services, and
has built more than 10,000 water treatment plants worldwide.
Flexible Solutions (OTCBB:FXSO - news; FRANKFURT:FXT) is an environmental biotechnology company engaged in the development and sale of energy
and water conservation products.
For more information, please contact:
Flexible Solutions International Inc.
2614 Queenswood Dr.
Victoria, B.C. V8N 1X5
E-mail: info@flexiblesolutions.com
www.flexiblesolutions.com
The Private Securities Litigation Reform Act of 1995 provides a ``Safe Harbor`` for forward-looking statements. Certain of the statements contained herein,
which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These
forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the
company is detailed from time to time in the company`s reports filed with the Securities and Exchange Commission.
Contact:
Flexible Solutions International Inc.
David Katzov or Grant Moonie, 250/477-9821 (Corp. Comm)
Steve McGuire, 604/605-6037 (Vancouver)
or
Holterman & Team, 49-69-219313-0 (Europe)
Press Release
SOURCE: Flexible Solutions International Inc.
Ondeo Nalco and Flexible Solutions Sign Letter of Intent For Manufacture
of Water$avr
VICTORIA, British Columbia--(BUSINESS WIRE)--March 20, 2002-- Flexible Solutions announced that Ondeo Nalco, a subsidiary of SUEZ, has signed a
Letter of Intent to provide global manufacturing capacity for Flexible Solutions` Water$avr product.
Water$avr is an evaporative control powder that is self-spreading over the surface of reservoirs, canals and rivers. By retaining available water, WaterSavr
provides more water at an applied cost as low as $.04 (.05 Euro) per cubic meter.
Patrick Grant, President of the Flexible Solutions` Water$avr Division, states, ``In partnering with Ondeo Nalco on this project, we have found a company that
can meet the quality manufacturing standards required for a NSF product. Additionally, they have access to regional capacities in various areas of the world,
and total annual capability to manufacture up to 400 million pounds of Water$avr.``
It is the intention of both companies to move quickly from the Letter of Intent toward a full manufacturing contract.
``Ondeo Nalco is a global leader in finding solutions in the international water market. Because Water$avr provides a unique solution to managing evaporation
loss, we anticipate that both companies will be able to leverage their strengths in creating a successful partnership`` said Dan Harker, Vice President of Supply
Chain and e-Commerce for Ondeo Nalco.
The companies have also initiated licensing negotiations for Water$avr.
Ondeo Nalco, a subsidiary of Ondeo, the water division of SUEZ (NYSE:SZE - news), is the worldwide leader in water treatment and process chemicals with
10,000 employees working with more than 60,000 customers in 120 countries and annual revenues of $2.8 billion.
Ondeo is the premier water-related solutions provider with a presence in 130 countries supplying 115 million people with water and wastewater services, and
has built more than 10,000 water treatment plants worldwide.
Flexible Solutions (OTCBB:FXSO - news; FRANKFURT:FXT) is an environmental biotechnology company engaged in the development and sale of energy
and water conservation products.
For more information, please contact:
Flexible Solutions International Inc.
2614 Queenswood Dr.
Victoria, B.C. V8N 1X5
E-mail: info@flexiblesolutions.com
www.flexiblesolutions.com
The Private Securities Litigation Reform Act of 1995 provides a ``Safe Harbor`` for forward-looking statements. Certain of the statements contained herein,
which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These
forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the
company is detailed from time to time in the company`s reports filed with the Securities and Exchange Commission.
Contact:
Flexible Solutions International Inc.
David Katzov or Grant Moonie, 250/477-9821 (Corp. Comm)
Steve McGuire, 604/605-6037 (Vancouver)
or
Holterman & Team, 49-69-219313-0 (Europe)
In Kürze stehen da 5 $ drauf. Weil das ist erst der Anfang.
danke blacky bleib investiert
Suez ist glaube ich der zweitgrößte Wasserspezialist Der Welt oder Europas. Wir sprechen hier von einem Multimilliarden Dollar Unternehmen.
ich dreh durch 3,75 $ schon wieder +17%. Ich fress einen Besen wenn wir da nicht bald die 5 $ sehen.
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