March 22, 2012 16:15 ET
Bioflamex Corp. Announces NFPA Membership
COPENHAGEN, DENMARK--(Marketwire - Mar 22, 2012) - Bioflamex Corp. (
The decision to enroll is explained by Mr. Kristian Schiorring, CEO, Bioflamex Corp.: "We rely heavily on professional insights into the fire problems which our industry strive to combat. Saving lives and property in a responsible way is our objective, and the research and analysis we gain access to through NFPA helps us develop innovative products. Products that will improve quality of life for our customers and create profits for the company. Therefore it is only a natural step for us to become a member of this reputable association."
Insights from a NFPA report covering data from 2003-2007 on Home Structure Fires inspired the development of Company's patent-pending Bioflamex aerosol extinguisher designed to enable better first response against fires in kitchens, typically in conjunction with frying oil or fats self-igniting. The report from 2008 disclosed that approximately 40% of household fires could be traced back to the kitchen and especially cooking equipment.
The Bioflamex aerosol extinguisher has been calibrated to extinguish high temperature oils and fats, through utilizing the combination of a biological fire retardant and a thick foam cover, which effectively extinguishes the fire and prevents re-ignition. The fact that the product is in a 500ml canister with a special nozzle and pressure, makes it instinctively easy to use for virtually all consumer age groups.
The Company expects the Bioflamex aerosol extinguisher to account for up to 60% (or appx. $60 million) of its global sales within the coming 5 years.
About Bioflamex Corp.: Bioflamex Corporation is a company focused on the development, production and marketing of its proprietary "clean tech" and advanced high performance fire prevention and -fighting products and systems.
With its global scope, Bioflamex Corp. primarily aims at penetrating its main market segments with its proprietary Bioflamex aerosols and Sentinel wildfire detection and prevention systems.
The mission is to protect the environments while saving lives and property from fires. The Bioflamex Corp. products can enhance private households' ability to safely and efficiently fight and prevent home fires, and increase the ability to protect private and public property in forest fire prone areas with little to no contamination of the environment.
In a $100 billion fire safety and electronic security market, Bioflamex Corp. aims to become a leading "clean tech" niche player and to generate a $100million + turnover within the next 5 years.
FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.