Company to Target Perceived Large Market for a Durable Flame Resistant Fabric
Flameret (OTC Pink: FLRE) (PINKSHEETS: FLRE) announced today successful test results for Flamex when applied to hemp cloth. The test consisted of two groups. The control group used an untreated hemp cloth and when the source of heat was applied, the material was up in flames within about 6 seconds. The second group used the exact same hemp cloth treated with Flamex. Flamex is the company's proprietary, odorless, non-staining and bio-degradable flame retardant. The source of heat was applied for approximately 1:20 (one minute and 20 seconds) on the hemp fabric that was treated with Flamex and although the material became discolored at the spot where the heat was applied, the material did not go up in flames. As in every experiment using Flamex to date, Flamex successfully coated a fabric (in this case, hemp cloth) and the fabric was resistant to flame.
Industrial hemp is one of the most useful agricultural products on the face of the earth. From 1776 to 1937, hemp was a major American crop and textiles made from hemp were common. Although there has never been a clear explanation established, the cultivation of industrial hemp was banned in the United States for decades. The main reason and the most plausible explanation has always been hemp's association with the marijuana plant.
For the hundreds of years before the ban, sailors relied upon hemp fibers that were spun into the world's best rope that could hold their ships and sails, and the coarseness of the fiber made hemp useful for canvas, sailcloth, sacks, rope, and paper. While hemp was the premier choice for industry, the coarseness of the fiber extricated its use as an apparel. This all changed in the 1980's when researchers developed a process to treat raw hemp fiber to soften it so that it could be weaved alone or with other fibers to produce a modern textile. Christopher Columbus sailed to America on ships that traversed the oceans with sails made of hemp. For the first time ever, hemp was catapulted into applications of modern textile design.
John Meredith, Chief Financial Officer of Flameret, Inc., commented, "Hemp has always been grown in Europe and I am glad to see that the climate is beginning to change in the United States which is clearly demonstrated by the reference to the growing of hemp in the 2014 United States Farm Bill. There is a large and untapped market for a hemp fabric that is resistant to flame and our announced test results clearly show that Flamex works well on hemp fabric. We are pleased that we can deliver these results to our shareholders."
Flameret, Inc. has developed fire retardant products to suit a wide range of applications. These products are marketed under the brand names; Flameret, Flamex, Ultra Flamex and Impex. Flameret™ products are patented and held in the name of United American Inc.
The company is also in the process of launching a new line of products derived from industrial hemp. These products will be marketed under a wholly-owned subsidiary of Flameret, 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.
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.