With Closing of Financing, CitroTech Accelerates Commercialization Ahead of the 2027 Fire Season
CitroTech’s certified partner model is designed to support recurring product purchases as partners expand their customer bases.
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CitroTech advancing wildfire prevention and asset protection solutions while accelerating the adoption of CitroTech fire-retardant-treated wood products
CitroTech Inc. (NYSE AM: CITR), a specialty chemical company developing environmentally responsible fire-inhibitor solutions, announced that with its recent financial closing it is advancing opportunities across wildfire prevention and asset protection, as well as fire retardant treated lumber and engineered wood products. The offering included participation from the company’s largest shareholder, BoltRock Holdings, led by CitroTech Chairman Craig Huff.
“CitroTech is making meaningful progress toward bringing its fire-inhibitor solutions to a broader commercial market,” said Craig Huff, Chairman of CitroTech. “We believe the company is well positioned to build on growing customer interest, extend its commercial reach, and deliver solutions that address the increasing need for effective, environmentally responsible wildfire prevention.”
“Adoption of CitroTech by railroads, utilities, and fire agencies continues to accelerate, demonstrating that customers across industries are ready to move beyond phosphates to a safer and more effective approach to wildfire prevention and asset protection,” said Wes Bolsen, CEO of CitroTech. “We will continue to accelerate commercial deployment ahead of the 2027 fire season, while also advancing longer-term opportunities to bring more effective, environmentally responsible fire-inhibitor solutions to the organizations and communities working to reduce wildfire risk.”
CitroTech’s commercial strategy connects its fire-inhibitor chemistry with industry-leading manufacturing partnerships and a network of certified providers trained to apply CitroTech products to prevent ignitions on roadsides and under power lines, protect properties and infrastructure from fires, and help render vegetation non-flammable around areas such as homeless encampments or active munition zones on military bases. The certified partner model is designed to support scalable, recurring product purchases, particularly as partners grow their customer bases across the country.
Through HexiTech, its 50/50 joint venture with Hexion Inc., CitroTech is working to become the standard for fire retardant treated lumber and engineered wood products as testing is completed with outside partners. The venture combines CitroTech’s patented inhibitor with Hexion’s manufacturing expertise and commercial relationships to bring Class A fire rated performance into lumber, plywood, oriented strand board, and other engineered wood products without conventional pressure impregnation. CitroTech anticipates initial revenue from the venture in 2027 as it pursues commercial adoption by lumber producers and engineered wood manufacturers.
TIME recently named CitroTech-31 one of its Best Inventions of 2026, highlighting CitroTech’s innovation in advancing wildfire prevention without the environmental tradeoffs of legacy retardants.
About CitroTech Inc.
CitroTech Inc. (NYSE AM: CITR) is manufacturing and deploying the CitroTech family of innovative, environmentally safe fire prevention solutions for homes, wood products, and wildfire prevention and asset protection. CitroTech is the only long-term fire inhibitor recognized by the EPA Safer Choice program and tested to UL Greenguard Gold standards, providing effective and scientifically validated wildfire mitigation while safeguarding human and environmental health. The company's growing patent portfolio, recurring-revenue model, and scalable approach support its long-term growth and market expansion. For more information, visit www.citrotech.com.
Forward-Looking Statements
This press release contains 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, including statements regarding commercial deployment, the certified partner network, the HexiTech joint venture and anticipated revenue therefrom, and product testing and qualification. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future results, performances, or achievements expressed or implied by the forward-looking statements, including the risks described under “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2025 and its other filings with the Securities and Exchange Commission. CitroTech undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261022923621/en/
Media & Investor Contact:
CitroTech Inc.
Annabelle Barbara
Antenna Group
CitroTech@antennagroup.com
(201) 916-0313
Investor Relations Contact:
Brett Maas, Managing Principal
Hayden IR, LLC
CITR@haydenir.com
(480) 861-2425
Source: CitroTech Inc.