Flexible Solutions International Announces Long-Term Manufacturing Agreement with U.S. Based Company

Flexible Solutions International Inc. (NYSE: FSI) revealed in a recent Form 8-K filing that it has entered into a significant manufacturing agreement with a U.S. based company. The agreement, finalized on January 7, 2025, involves the production of food grade products for the U.S. based company on a non-exclusive basis.

The contract, which spans a period of five years, includes provisions for automatic renewal for up to five additional successive five-year terms. To avoid renewal, either party must provide written notice of non-renewal at least 180 days before the end of the current term. Flexible Solutions International anticipates that this contract could potentially yield annual revenues ranging between $15 million and $30 million, or even more.

The revenue stream from this agreement is expected to commence approximately six months from the contract signing date. This timeline allows for Flexible Solutions International to expand its clean room space and install the necessary equipment to facilitate the manufacture of products for the U.S. based company.

In terms of disclosure, the company reported that the financial statements and exhibits related to this agreement can be found in Exhibit No. 10.3 of the filing. Additionally, the filing includes a cover page interactive data file embedded within the Inline XBRL document.

According to the filing, portions of the manufacturing agreement have been redacted per Item 601(b)(10) of Regulation S-K. This decision was made to protect the company from potential competitive harm that could result from public disclosure of certain omitted details.

The signed Form 8-K was authenticated on January 23, 2025, by Daniel B. O’Brien, the President and Chief Executive Officer of Flexible Solutions International Inc., in accordance with the requirements of the Securities Exchange Act of 1934.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Flexible Solutions International’s 8K filing here.

About Flexible Solutions International

Flexible Solutions International, Inc, together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers.