Flexible Solutions International Inc. (NYSE American: FSI) Shows Strong Growth Making Green Hi-Tech Solutions
Naples, FL --News Direct-- RazorPitch/FSI
Flexible Solutions International Inc. (NYSE American: FSI) is an environmental technology company involved in research, development, and manufacturing of products that increase crop yield, are added to food industry, reduce the environmental footprint in detergents and water treatment, as well as improve oil and gas operations. Within the NanoChem Solutions Inc. division its primary product is known as Thermal Polyasparate (TPA).
Sounds Complicated, But It Isn’t
FSI touches many technological bases, but its depth of applications impact green and efficiency in numerous locations — primarily under the NanoChem Solutions banner. It develops biodegradable, food grade, and environmentally safe applications for multiple industries — even safer and more efficient oil production.
Some 90% of its new products are marketed under NanoChem Solutions and account for that percentage of company sales.
Significant to investors is that this company has solid YOY financial reporting. For its Q3 2022 three month period. Volume rose to $ll,683 million from $9,214 the comparable period the prior year, a 27% YOY jump.
For the full year 2021, volume was up 10% and profits were up 16%. Sales reached $34,416,335 compared to $31,407,454. Profit in 2021 was $3,449,162 compared to $2,977,050.
Proprietary Green Technology
The environmental technology firm based in Taber, Alberta, focuses on applying innovative green technology to multiple revenue streams to grow sales and profitability. The fact that its base is so multi-faceted makes the Company attractive and growth-oriented.
Here is a broad outlook at some of the areas in which FSI is active within the NanoChem Solutions Inc., division with a product known as Thermal Polyasparate (TPA):
Agriculture Product Enhancements — Fertalizers, Agricultural Chemicals, biodegradable synthetics and Beta proteins to prevent nitrogen loss. EX-10™is a precipitation inhibitor. It increases higher crop yields and crop quality.
Food Additives — Achieved food grade compliance at its Peru, Illinois plant after an 18-month effort.
Cleaning Products — TPA is used in laundry detergents, automatic dishwashers and industrial & amp; institutional cleaners. A $350 million global opportunity, FSI says.
Industrial Water Treatment — WaterSavr™ saves up to 40% of water from evaporation. Biodegradable and efficient. Scale and corrosion control industrial water cooling, a $1.5 billion world wide market.
Oil Production — TPA has no environmental issues and is cost and performance competitive.
FSI is a proven multi-faceted green growth and profitable company with a financial track record of growth, both annually and quarterly. From agriculture to cleaning, this is a hi-tech proprietary Company that has shown it can apply molecular technology to commercial projects and make them profitable. Its volume is approaching $40 million annually. It also has large research facility in Naperville, Illinois as well as a 117,000 sq. ft. (15 acre land parcel) manufacturing facility in Peru, Illinois.
FSI will be releasing its Q3 numbers November 14th after market hours. We expect to see growth in top line numbers and earnings continue to rise.
Investors looking for more information could start at the company website : https://www.flexiblesolutions.com/
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