Search Results

Demand for Safer, Eco-friendly Textiles Accelerates as the Industry Urges Sustainability and Environmental Responsibility Post-Covid Boston, MA, October 31, 2022 – FRX Innovations (TSXV:FRXI) (FSE:W2A) (“FRX” or the “Company”), a leader in eco-friendly flame retardant solutions, is pleased to announce that Reliance Industries Limited (RIL), the world’s largest producer of polyester staple fibers and filament yarns[1], will use FRX Innovations’ Nofia®, technology to enhance the sustainable edge of its well established Recron FS, fire-resistant polyester. Nofia’s unique polymeric phosphorus-based chemistry helps make Recron FS more sustainable and technically superior for polyester textile applications. Nofia additives are certified by OEKO-TEX® Standard 100 for textile applications and other sustainability certifications such as ChemForward, Green Screen and TCO accrediting that the technology meets these global standards of safety and sustainability. Mr. Hemant D. Sharma, Sector Head – Polyester Business, RIL said, “Recron FS is manufactured at state-of-the-art facilities, having one of the most environment-friendly conditions and is a part of the responsible care products offering from RIL. We are very proud in bolstering Recron FS on safety and technical parameters with FRX’s Nofia technology. We are committed to deliver exceptional fire safety without compromising health, environment, and aesthetics.” Marc Lebel, CEO of FRX Innovations commented that, “We are very proud to have been selected by the world’s largest polyester fiber and filament yarn producer. For years now, consumer interest in sustainability has been steadily increasing. It is rewarding to see Nofia being deployed in such high visibility consumer products. With ever increasing pressure to deliver sustainable products to the market, we believe that FRX Innovations is well positioned to grow with sustainably minded customers around the world such as Reliance.” As the world is coming out of the Covid-19 pandemic impact, sustainable textiles have seen a resurgence in demand as many leading textile companies are embedding their environmental and social responsibility goals as a part of their post Covid-19 growth strategy. To meet the goals of a circular economy (including the 3Rs of the waste hierarchy: reduce, recycle, and reuse), textile manufacturers are relying on innovative technologies, such as FRX’s Nofia that enable sustainable products. The global textile flame retardants market size was valued at USD 519.5 million in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 3.6% from 2022 to 2030.[2] RIL is seeing increasing interest from leading global textile companies for more sustainable, eco-friendly, fire-retardant technologies. Recron FS is a part of RIL’s extensive R&D achievements in attaining its commitment to launch new products that are completely sustainable throughout-out their lifecycle and responsibly using natural resources. Furthermore, Reliance conducts sustainability due diligence and audits of its suppliers, which entails a rigorous screening and assessment process in both the pre-award and post-award stages to ensure adherence of standard processes across the value chain. Sustainability in the textile value chain has never been more urgent and RIL’s organization wide efforts to address environmental and social concerns are captured in the annual publication, the Business Responsibility Report 2021-22. To achieve this mandate in their polyester yarns, which are well known for giving manufacturers unlimited creativity in design, color, texture and performance, Reliance developed a new fire-resistant polyester solution, Recron FS, with FRX Innovations’ Nofia®, technology at its core. FRX Innovations’ Nofia polymeric phosphorus additives deliver improved tenacity in RIL’s polyester textiles and is the only flame-retardant technology that allows for the use of recycled polyester as a feedstock to contents above 60%, with the capability of reaching above 90%. The ability to use it with recycled polyester makes it a sustainable technology which is proving to be of interest for multiple end-uses. The new technology also enables adjustable flame retardancy from levels of 7000 ppm to 25000 ppm of phosphorus, depending on end user needs making it an attractive solution in multiple markets. Recron FS is well established name in transportation, hospitality, and home décor industries’ customers. Recron FS based fabrics are used by Indian Railways in seats and curtains due to its unique blend of cost effectiveness, fire safety and durability. Additionally, the Charles de Gaulle terminal 2 airport, recently unveiled its interior refurbishment featuring Recron FS polyester in its new airport furniture. Moreover, a Spain-based furniture designers, Happers has specified Recron FS yarns in their new collection of lounge chairs citing its beauty, safety, and sustainability attributes. Thanks to their knowledge creating new elegant textures in yarns, Reliance Partner, Medesfil SA played an important role in both projects. Medesfil CEO, Jorge Pascual said, “Recron FS based textiles are highly regarded throughout the textile industry for their safety, elegance and sustainability features and the quality is unbeatable” Mr. Quico Climent, Happers Chief Executive Officer said, “For long time, we were in a search of fabric that met key criteria of safety against fire and sustainable, at the same time elegant. Now we have zeroed in on Recon FS to meet our requirement of providing safe, sustainable and superior aesthetic experience to our customer. We could not be more pleased to base this new line of TV loungers on Recron FS.” For more information about Reliance Industries, FRX Innovations, Happers and Medefil, please visit www.ril.com and www.frx-innovations.com and www.happers.com and www.himiesa.com/en/ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. About Reliance Industries Limited Reliance is India’s largest private sector company, with a consolidated revenue of INR 792,756 crore ($104.6 billion), cash profit of INR 110,778 crore ($14.6 billion), and net profit of INR 67,845 crore ($9.0 billion) for the year ended March 31, 2022. Reliance’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, renewables (solar and hydrogen), retail and digital services. Currently ranking 104th, Reliance is the largest private sector company from India to feature in Fortune’s Global 500 list of “World’s Largest Companies” for 2022. The company stands 53rd in the Forbes Global 2000 rankings of “World’s Largest Public Companies” for 2022 - top-most among Indian companies. It features among LinkedIn’s ‘The Best Companies to Work for in India’ (2021). Website: www.ril.com About FRX Innovations FRX Innovations is a global manufacturing company, producing a family of environmentally sustainable flame-retardant products that serve several large markets spanning textiles, electronics, automotive, electric vehicles (EV) and medical devices. FRX is led by a team of highly experienced business and technical professionals and is positioned to be a leader in the rapidly changing flame-retardant plastics and additives market in response to new legislation prohibiting Brominated and Perfluoro flame retardant chemicals. Nofia® is a registered trademark of FRX. Nofia® products are manufactured at its manufacturing facility on the Port of Antwerp in Belgium, one of the world's largest chemical producing clusters. Nofia Polyphosphonates are produced using sustainable green chemistry principles such as a solvent-free production process, no waste by-products, and near 100% atom efficiency. FRX's portfolio includes an extensive patent estate. FRX, at the forefront of the ESG movement to a greener future, has been the recipient of numerous awards, including the EPA's Environmental Merit Award, the Belgium Business Award for the Environment, and the Flanders Investment of the Year Award. FRX has also been recognized six times on the Global Cleantech 100 list. Website: www.frx-innovations.com About Happers: Happers is a Spanish furniture manufacturer who designs, produces and markets comfortable, stylish and aesthetically pleasing seating for Indoor and Outdoor use in public places as well as in private homes. Happers is staffed with people who share a passion for high quality stylish textiles and fun in seating comfort. Happers products can be ordered online through its website. www.happers.com About Medesfil: Medesfil is a subsidiary of Himiesa a Spanish state of the art manufacturer of air textured polyester yarns which are marketed to the home textile industry worldwide. Medesfil also represents the world’s leading polyester manufacturer, Reliance Industries, in the textile market. With its access to Reliance’s Recron brand, Medesfil provides highly creative yarns to weavers in the textile industry. Website: www.himiesa.com/en/ Contact Details Reliance Industries Rakesh Bali +91 99 670 13900 rakesh.bali@ril.com FRX Polymers Mike Goode +1 765-838-9018 mgoode@frxpolymers.com FRX Innovations Investor Relations and Media Inquiries Investor Relations Graham Farrell +1 416-842-9003 ir@frx-innovations.com Media Inquiries Joseph Grande +1 413-684-2463 joe@jgrandecommunications.com [1] Independent Commodity Intelligence Services report dated September 12, 2022. [2] https://www.grandviewresearch.com/industry-analysis/textile-flame-retardants-market

BOSTON, MA | September 07, 2022 07:00 AM Eastern Daylight Time FRX Innovations (TSXV:FRXI) (“FRX,” or the “Company”) congratulates North American regulatory bodies continuing to take action against common halogenated flame retardants. The US Environmental Protection Agency (“EPA”) announced on July 20, 2022, that potassium perfluro butane sulfonate, known as KPFBS, is being added to the Toxic Release Inventory along with other fluorinated chemicals. As a group these chemicals are known as “forever chemicals” as they build up in human bodies over time and never break down. Although this action does not restrict the use of this common flame retardant additive, FRX feels that this action is yet another catalyst for OEMs to move away from this class of halogenated flame retardants where alternative chemistries are available, including its Nofia® additives. This action from the EPA follows the May 14, 2022, announcement by Environment and Climate Change Canada of their plans to move ahead with their prohibition on the manufacture, use, sale, and import of DecbromoDiPhenylEthane (“DBDPE,” or “DecaEthane”). DecaEthane is the most used additive type of brominated flame retardants, and its prohibition would represent a major shift away from legacy materials in the industry. A public comment period was immediately initiated and recently closed on July 28, 2022, with a final decision expected to be made in the first quarter of 2023. This action by Environment and Climate Change Canada was triggered by the determination that DBDPE meets the toxicity criteria under paragraph 64 of the Canadian Environmental Protection Act, as recorded in the Canadian Gazette. Marc Lebel, Chief Executive Officer of FRX stated, “We continue to see governments and regulators take actions against major halogenated flame retardants. FRX’s Nofia® line of flame retardants offer OEMs a safer alternative to these legacy products while maintaining exceptional performance and efficacy. Our industry is at a turning point to meeting the demand from consumers, regulators and politicians for safer and sustainable materials in their everyday products. FRX has spent the past 15 years preparing for this moment and we are excited to bear the fruit of our investment.” FRX has been built on over US$120MM of investment and is in commercial production at its fully permitted facility in Antwerp, Belgium from where FRX is currently supplying its Nofia Flame Retardant product line to a growing number of multi-national OEMs around the world. For more information, please visit www.frx-innovations.com. About FRX Innovations FRX Innovations is a global manufacturing company, producing a family of environmentally sustainable flame-retardant products that serve several large markets spanning electronics, automotive, electric vehicles (EV) and medical devices. FRX is led by a team of highly experienced business and technical professionals and is positioned to be a leader in the rapidly growing flame retardant plastics and additives market. Nofia® is a registered trademark of FRX. Nofia® products are manufactured at its manufacturing facility on the Port of Antwerp in Belgium, one of the world's largest chemical producing clusters. Nofia Polyphosphonates are produced using sustainable green chemistry principles such as a solvent-free production process, no waste by-products, and near 100% atom efficiency. FRX's portfolio includes an extensive patent estate. FRX has been the recipient of numerous awards, including the EPA's Environmental Merit Award, the Belgium Business Award for the Environment, and the Flanders Investment of the Year Award. FRX has also been recognized six times on the Global Cleantech 100 list. CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information in this press release may include, without limitation, statements with respect to the safety and/or efficacy of Nofia® flame retardants, the positioning of the Company within the industry, the expected shift in consumer demand benefitting the Company, a catalyst for OEMs to move away from traditional flame retardant materials, and additional proposed rule changes in other jurisdictions. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Contact Details FRX Innovations Mark Lotz +1 604-880-6546 mlotz@frxpolymers.com Investor Relations Graham Farrell +1 416-842-9003 ir@frx-innovations.com Media Contact Joseph Grande +1 413-684-2463 joe@jgrandecommunications.com

Boston, MA | September 01, 2022 09:44 AM Eastern Daylight Time FRX Innovations (TSXV:FRXI) (FSE:W2A) (“FRX,” or the “Company”), a leader in eco-friendly flame retardant solutions, is pleased to announce the listing of its common shares on the Frankfurt Stock Exchange (“FSE”) under the trading symbol “W2A”. The Company’s shares are now cross listed on the TSX Venture Exchange (“TSXV”) and the FSE. Chief Executive Officer Marc Lebel commented, “We are very happy to provide European investors better access to invest into FRX on a European stock exchange. This was a very logical step in our capital markets strategy as the Company has both an operational footprint in Belgium, and a significant investor base in multiple European countries. The commercial and environmental aspects of our business continue to resonate well with the European investment community.” The Frankfurt Stock Exchange (FSE) is one of the world's largest international trading centers for securities. Operated by the Deutsche Boerse AG, FSE, is the largest of Germany's seven stock exchanges, and is responsible for approximately 90 percent of all securities traded in Germany. The FSE facilitates advanced electronic trading, settlement and information systems and enables cross-border trading for international investors.

AUGUST 2, 2022 – BOSTON, MA // FRX Innovations (TSXV:FRXI) (“FRX,” or the “Company”), is pleased to announce that the Company has begun shipment of its flagship Nofia® product for use in the passenger cabin of a leading Germany luxury automotive manufacturer. This commercial launch expands use of Nofia® to a second production model and deepens the relationship with a strategic supplier to a luxury European car manufacturer for the Chinese market. This commercial launch follows an extensive development and approval process, where Nofia® is formulated into polyurethane foams and implemented by FRX partner, Xianzhong, a leading Chinese polyurethane foam manufacturer. Sustainable and permanent flame retardants for automotive interiors, is a rapidly growing segment of the market and a result of the ESG global movement away from legacy toxic flame retardants to more sustainable and permanent solutions, such as Nofia®, pioneered by FRX. Nofia® delivers a unique set of properties which includes flame retardancy, plus meeting very stringent odor and fogging requirements. The Company views this as validation of its technology and further demonstrates FRX’s position as a leader in the rapidly growing non-toxic, non-leaching fire retardant industry. “We are excited about the expansion of Nofia® in the luxury automotive market and the strengthening of our relationship with Xianzhong. FRX can deliver the right solution to the market at globally competitive prices while maintain the high performance that luxury auto manufacturers demand. Nofia® continues to make inroads across the global automobile market as the transition from legacy toxic flame retardants to non-toxic solutions accelerates,” stated Marc Lebel, Chief Executive Officer of FRX Innovations. FRX is a commercial producer of non-toxic, non-leaching Nofia® flame retardant additives with applications in a wide range of consumer applications. Many traditional flame retardant solutions are known to be highly toxic and pose a high level of health risks to people and animals overtime. As new regulations require OEMs to move away from toxic chemicals, FRX Nofia® is positioned to lead with first mover advantage across multiple markets. For more information, please visit www.frx-innovations.com . About FRX Innovations FRX Innovations is a global manufacturing company, producing a family of environmentally sustainable flame-retardant products that serve several large markets spanning electronics, automotive, electric vehicles (EV) and medical devices. FRX is led by a team of highly experienced business and technical professionals and is positioned to be a leader in the rapidly growing flame retardant plastics and additives market. Nofia®is a registered trademark of FRX. Nofia® products are manufactured at its manufacturing facility on the Port of Antwerp in Belgium, one of the world's largest chemical producing clusters. Nofia Polyphosphonates are produced using sustainable green chemistry principles such as a solvent-free production process, no waste by-products, and near 100% atom efficiency. FRX's portfolio includes an extensive patent estate. FRX has been the recipient of numerous awards, including the EPA's Environmental Merit Award, the Belgium Business Award for the Environment, and the Flanders Investment of the Year Award. FRX has also been recognized six times on the Global Cleantech 100 list. Contact Details FRX Polymers Mike Goode +1 765-838-9018 mgoode@frxpolymers.com Investor Relations Graham Farrell +1 416-842-9003 ir@frx-innovations.com Media Inquiries Joseph Grande +1 413-684-2463 joe@jgrandecommunications.com

This morning, the FRX Innovations team opened the market and celebrated our listing on the Toronto Stock Exchange - Venture (TSX-V). We are excited to join the TSX-V and look forward to continuing our efforts to developing the safest, sustainable green flame retardants for multiple end-use industries including electronics and EVs. Watch us open the market here:

Watch this special presentation about the impact of new legislation from both Europe and overseas and how Polymer Compounders’ Ltd. innovative Flame Retardant Engineering Plastic Alloys trade-named Notoxicom® are adapting to sustainability demands of OEM’s regulatory bodies and Green NGOs. Notoxicom® products, powered by FRX Innovations' Nofia®, were developed by Polymer Compounders for its unique performance properties, while simultaneously delivering a sustainable green flame retardant solution. In addition, PCL shares some exciting updates surrounding the early adopters of their Notoxicom® materials and how they have benefited from them.

On 16 March 2022, the European Court of Justice ruled that an EU ban on halogenated flame retardants is in conformity with the law. The phase-out was approved in 2019 under the Ecodesign Directive. In 2019, the European Commission banned the use of halogenated flame retardants in the enclosures and stands of electronic displays under an ecodesign regulation covering electronic displays, including televisions, monitors and digital signage displays. [1] The Commission listened to calls for a ban from NGOs and a number of Member States. The ban entered into force on 1 March 2021. The Bromine Science and Environnemental Forum (BSEF), an industry lobby, challenged the decision of the Commission before the ECJ. In a ruling published yesterday [1], the ECJ dismissed the industry claims. The court deemed that halogenated flame retardants were banned fairly because of the ‘disadvantages’ they cause ‘in terms of the recycling capacity of the plastics into which they are incorporated’. Read the full press release.

Best Buy announced that starting January 2022, newly designed models of Best Buy’s Exclusive Brand (ExB) televisions will adhere to the European Union’s eco-friendly display enclosure requirements outlined in Commission Regulation 2019/2021. Best Buy's goal is designed to promote a safer circular economy and will better support the recycling of plastics. Through its chemical management program, Best Buy addresses the human health and environmental risks in the following ways: Regulatory compliance. Comprehensive management systems ensure the products we sell comply with all applicable chemical regulations. Beyond compliance restrictions. Restricted Substances List (RSL) constrains the use of CHCs in its products and packaging, going beyond what is required by regulations. Goals. Publicly share quantifiable goals to reduce or eliminate chemicals in our products and packaging. Transparency. Report progress toward our goals in our annual ESG report, available on the Best Buy Corporate Responsibility website. Supplier monitoring and corrective action. Participate in the Responsible Business Alliance supplier audit program to monitor the safe use of chemicals by its suppliers and require them to correct any identified gaps. Trade organization participation. Support innovation in green chemistry and product chemical disclosure through active membership on the Green Chemistry and Commerce Council (GC3) and our participation on their Retail Leadership Committee. Read the full press release.

ChemFORWARD’s work with Apple to share a list of verified, assessed safe cleaners and degreasers has been highlighted in the sustainability a nd innovation leader’s 2021 Environmental Progress Report. Read more here #flameretardant #cleanenergy #greenchemicals

Legislation (S.4630-B/A.5418-B) Regulates Chemicals in Upholstered Furniture, Mattresses, and Electronic Enclosures. Read more here