VICTORIA, BRITISH COLUMBIA, July 18, 2022 (GLOBE NEWSWIRE) — FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE-SOULFADN: FSI, FRANKFURT : FXT), 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 friendly water and energy conservation technologies. Today, the company announces a year-over-year increase in revenue for the second quarter (Q2) 2022.
Sales increased in Q2 2022 compared to Q2 2021. Flexible Solutions revenue increased from $8.535 million (Q2 2021) to $11.125 million (Q2 2022), up approximately 30% from one year to the next.
Dan O’Brien, CEO, said, “We are pleased with the second quarter and year-to-date revenue. We will do our best to continue this positive trend in the second half of 2022.”
Full financial results will be available on August 15, 2022 along with the Company’s quarterly filings with the SEC. A conference callI will take place at 8:00 a.m. Pacific Time, 11:00 a.m. Eastern Standard Time on Tuesday, August 16. To see the ISF August 152022 finance press release for the telephone numbers.
About Flexible Solutions International
Flexible Solutions International, Inc. (www.flexiblesolutions.com), based in Victoria, British Columbia, is an environmental technology company. The Company’s NanoChem Solutions Inc. subsidiary specializes in biodegradable, water-soluble products using thermal polyaspartate (TPA) biopolymers. TPA beta-proteins are made from the common biological amino acid, L-aspartic, and have a wide use, including scale inhibitors, detergent ingredients, water treatment, and water improvement. cultures. Along with TPA, this division has also started producing other crop enhancement products. The other divisions manufacture energy and water saving products for drinking water, agriculture, industrial markets and swimming pools worldwide. FSI is the developer and manufacturer of WaterSavrMT, the world’s first commercially viable water evaporation retarder. WaterSavrMT reduces evaporation by up to 30% on reservoirs, lakes, aqueducts, irrigation canals, ponds and slow-moving rivers. Heat savingMTa “liquid cover” evaporation retardant for the commercial pool and spa markets, reduces energy costs by 15% to 40% and can result in reduced indoor pool humidity.
Safe Harbor Layout
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Some of the statements contained herein, which are not historical facts, are forward-looking statements regarding events, the occurrence of which involves risks and uncertainties. These forward-looking statements may be influenced, positively or negatively, by various factors. Information regarding 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.
International flexible solutions
6001 54e Avenue, Taber, Alberta, CANADA T1G 1X4
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To learn more about flexible solutions and our products, please visit www.solutionsflexibles.com