FSI ANNOUNCES RECEIPT OF A $2.5 MILLION PAYMENT FOR ASSISTING IN THE DEVELOPMENT A NEW FOOD GRADE PRODUCT

Rhea-AI Summary

Flexible Solutions International (NYSE Amex: FSI), a developer and manufacturer of biodegradable polymers and environmentally safe technologies, has received a $2.5 million payment on July 1, 2025, for assisting in the development of a new food grade product.

The company, which specializes in products for oil extraction, detergent ingredients, water treatment, and crop nutrient availability chemistry, may receive additional payments for this development work in future quarters. Additionally, FSI's NCS division could potentially secure manufacturing contracts for the newly developed product.

CEO Dan O'Brien expressed optimism about the R&D revenue and highlighted the company's focus on establishing long-term production relationships as a food grade manufacturer.

Positive

• Received immediate revenue of $2.5 million from product development assistance
• Potential for additional future payments from the development project
• Possibility of securing manufacturing contracts for the new food grade product
• Expansion of presence in food and nutrition supplement manufacturing markets

Negative

• Additional payments are uncertain and several quarters away if they occur
• Manufacturing contract for the new product is not guaranteed

News Market Reaction – FSI

+9.98%

1 alert

+9.98% News Effect

On the day this news was published, FSI gained 9.98%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

TABER, ALBERTA, July 01, 2025 (GLOBE NEWSWIRE) -- FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE Amex: FSI), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible Solutions also manufactures biodegradable and environmentally safe water and energy conservation technologies. FSI is also increasing its presense in the food and nutrition supplement manufacturing markets. Today the Company announces it has received payment of US$2.5million for assisting in developing a new food grade product.

FSI received the payment of US$2.5 million on July 1, 2025 for assisting in the development of this new food grade product. There are potential circumstances under which FSI may receive additional payments for this product development assistance. Any such payments, if they occur, are several quarters in the future.

Furthermore, it is also possible that the NCS division of FSI may obtain new business manufacturing the product. Should this occur, it will be announced at that time.

Dan O'Brien, CEO, comments, "We are pleased that our R&D support for a potential customer has generated this revenue." Mr. O'Brien continues, " Since FSI is a food grade manufacturer and we focus on building long-term production relationships, we hope that we can book orders to make the product now that it is fully developed." 

About Flexible Solutions International 
Flexible Solutions International, Inc. (www.flexiblesolutions.com), based in Taber, Alberta, is an environmental technology company. The Company’s NanoChem Solutions Inc. subsidiary specializes in biodegradable, water-soluble products utilizing thermal polyaspartate (TPA) biopolymers. TPA beta-proteins are manufactured from the common biological amino acid, L-aspartic and have wide usage including scale inhibitors, detergent ingredients, water treatment and crop enhancement. Along with TPA, this division started producing other crop enhancement products as well. In 2022, the Company entered the food and nutrition markets by obtaining FDA food grade approval for the Peru IL plant. The other divisions manufacture energy and water conservation products for drinking water, agriculture, industrial markets and swimming pools throughout the world

Safe Harbor Provision
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 statement 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.

Flexible Solutions International
6001 54^th Ave, Taber, Alberta, CANADA T1G 1X4
Company Contacts

Jason Bloom
Toll Free: 800.661.3560
Fax: 403.223.2905
Email: info@flexiblesolutions.com

To find out more information about Flexible Solutions and our products please visit www.flexiblesolutions.com

If you have received this news release by mistake or if you would like to be removed from our update list please reply to: info@flexiblesolutions.com

FAQ

How much payment did FSI receive for the food grade product development?

FSI received a $2.5 million payment on July 1, 2025, for assisting in the development of a new food grade product.

What are the potential future benefits for FSI from this product development?

FSI may receive additional payments in future quarters and could potentially secure manufacturing contracts through its NCS division for the newly developed product.

What markets does FSI operate in?

FSI operates in biodegradable polymers for oil extraction, detergent ingredients, water treatment, crop nutrient chemistry, and is expanding in food and nutrition supplement manufacturing markets.

What did FSI's CEO say about the $2.5 million payment?

CEO Dan O'Brien stated they were pleased that their R&D support generated this revenue and expressed hope for securing manufacturing orders for the fully developed product.

When did FSI receive the $2.5 million payment?

FSI received the $2.5 million payment on July 1, 2025.