- Full Circle Lithium (TSXV:FCLI), a lithium stock focused on products and technology, is announcing a global distribution agreement for its lithium-ion battery fire-fighting agent FCL-X with US Fire Pump Company
- Lithium battery fires are a global issue, rising in frequency in both Canada and the U.S.
- Full Circle Lithium develops and commercializes its FCL-X lithium-ion battery fire extinguishing agent
- Full Circle Lithium stock has given back about 75 per cent since going public in 2023
Full Circle Lithium (TSXV:FCLI), a lithium stock focused on products and technology, is announcing a global distribution agreement for its lithium-ion battery fire-fighting agent FCL-X with US Fire Pump Company, a firefighting solutions provider boasting the world’s largest emergency response team and equipment fleet.
US Fire Pump will market FCL-X Bulk across applicable industries, commercial settings and emergency response settings with exclusive distribution rights for a contracted period.
According to data from the Canadian Association of Fire Chiefs, as reported by CTV, lithium battery fires are becoming increasingly prevalent across the country. Recent figures from the Federal Aviation Administration, as reported by CBS, found that such fires occur almost twice per week aboard U.S. flights.
Full Circle is free to sell any new products or sign additional distribution agreements globally, contingent on these activities not impinging on agreements already in place.
Friday’s news follows FCL-X’s initial U.S. distribution agreement with AEST Fire and Safety announced in October.
Leadership insights
“Protecting the lives of the public and fire industry personnel while limiting property damage is the primary mission of US Fire Pump,” Chris Ferrara, founder and president of US Fire Pump Company, said in a statement. “I have been involved in the firefighting industry for more than 40 years as a fireman and now leading US Fire Pump. With first-hand experience in deploying FCL-X, I can say that the FCL-X fire suppression agent represents a unique and significant opportunity to serve the firefighting community in order to protect lives and property from this new and growing lithium battery hazard.”
“US Fire Pump’s reputation, commitment to excellence and global reach align perfectly with our mission to help in the protection against lithium-ion battery hazards worldwide,” added Carlos Vicens, Full Circle Lithium’s founder and chief executive officer. “The FCL-X fire suppression agent is designed to mitigate the risks associated with lithium-ion battery fires, offering advanced technology tailored for efficient response. With this partnership, Full Circle Lithium aims to establish a robust global distribution network for FCL-X Bulk that enhances accessibility to this critical safety solution, ultimately safeguarding lives and property.”
About Full Circle Lithium
Full Circle Lithium develops and commercializes its FCL-X lithium-ion battery fire extinguishing agent.
Full Circle Lithium stock (TSXV:FCLI) last traded at C$0.21 per share. The stock has given back about 75 per cent since going public in 2023.
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(Top photo of the FCL-X lithium fire extinguisher: Full Circle Lithium)