LAS VEGAS, Oct. 17, 2011 /PRNewswire/ -- Flameret, Inc.
(FLRE:OTCBB), a leading provider of flame retardant products to
various industries, today announced that it has received
significant interest from Chinese manufacturers for its patented
flame retardant products. The initial interest from China has come from manufacturers in the
construction sector but current trends indicate that the company
should begin to receive interest from other vertical markets such
as the mattress and furniture industries.
Recent reports have projected that the Asia/Pacific region will remain the fastest
and largest growing region in the world for flame retardant
products, accounting for half of all worldwide demand by 2014. In
2010, China used 354,500 metric
tons of flame retardant products, surpassing the United States to become the world's
largest market for flame retardant additives. The Asia Pacific region accounted for 41% of
global demand in Europe, followed
by North America and Western Europe.
Christopher Glover, Chief
Executive Officer of Flameret, Inc. commented, "We are receiving
strong interest from Chinese manufacturers because of the unusual
characteristics of our solution. Our solution is non-toxic,
non-staining and emits no odor while meeting the most stringent of
flammability standards throughout the world."
Mr. Glover added, "Our industry is expected to see massive
growth over the next 5-10 years. Regardless of the world economy,
even the most conservative estimates are projecting that
manufacturers of flame retardant products will experience
unprecedented growth through 2018."
Glover concluded, "We expect to be a major player in this multi
billion dollar industry."
The worldwide market for flame retardant products is expected to
surpass $5.8 billion in 2018.
About Flameret
Flameret, Inc. has developed fire retardant products to suit a
wide range of applications. These products are marketed under the
brand names; Flamex™, Ultra Flamex™ and Impex™. Flameret™ products
are patented and held in the name of United American Inc.
Flameret's numerous flame retardant products are applicable for
the manufacturing of an array of textile applications which
includes mattresses, bedding, furniture, and clothing. The Company
has designed fire resistant textiles fire barriers for this US
standard and other world markets. Our complete fire retardant
product lines should compete favorably with other competitors,
because Flameret's™ fire retardants are highly effective and
- non-toxic.
Flameret Fire Retardant and fire resistant applications will be
sold to separate industries. These industries include the fire
resistant textiles industry, the military and the energy extraction
industry [oil fields], the aviation industry, and forestry
services. The Company expects to manufacture and sell Flameret fire
retardant products for the treatment of textiles lines at the
production stage for various textile products. In the near future
Flameret also plans to offer a complete line of fire extinguishing
products.
For information concerning Flameret, Inc., please visit the
Company's website at www.flameret.com.
The press release may contain "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. Such statements
include, but are not limited to, any statements relating to the
Company's development program and any other statements that are not
historical facts. Such statements involve risks and uncertainties,
including, but not limited to, those risks and uncertainties
relating to difficulties or delays in development, testing,
regulatory approval, production and marketing of the Company's
products, the uncertainty of patent protection for the Company's
intellectual property or trade secrets, and the Company's ability
to obtain additional financing. Such statements are based on
management's current expectations, but actual results may differ
materially due to various factors, including those risks and
uncertainties mentioned or referred to in this press
release.
Contact:
Chris Glover
CEO
1-877-861-0207
SOURCE Flameret, Inc.