FCL has signed its first master distribution agreement to market FCL-X™ within the USA with AEST Fire and Safety, a USA based fire safety products distributor
AEST has conducted extensive research and testing to validate FCL-X™ ahead of its marketing and sales efforts
Full Circle Lithium Corp., a USA-based lithium products manufacturer, announces the signing if an initial distribution agreement with AEST Fire and Safety ("AEST"), marking a significant milestone in the Company's efforts to commercialize its proprietary and innovative lithium-ion battery fire fighting agent - FCL-X™. This distribution arrangement will see AEST market FCL-X™ across residential, industrial, and commercial settings and most importantly into the first responder fire safety industry.
In the United States, there are over 27,000 fire departments responding to emergencies from more than 58,000 fire stations. Between 2017 and 2022, there were over 25,000 fire incidents related to lithium-ion batteries, with numbers rising each year. This presents a significant challenge for both fire departments and the public, particularly in urban areas where the use of electric vehicles, e-bikes, and e-scooters has surged, and traditional fire suppression agents have proven inadequate. Globally, incidents of lithium-ion battery-related fires are increasing, resulting in both physical damage and personal loss. FCL believes that its FCL-X™ lithium-ion battery fire extinguishing agent is ideally suited to not only reduce the hazards associated with these fires but also to extinguish them completely, aiding firefighters, first responders, and the public in minimizing their impact on human lives and property.
Renowned for its proven track record in fire safety solutions, AEST has conducted extensive research and testing to satisfy itself that FCL-X™ is best in class for these types of fires. This collaboration will leverage AEST's expertise, resources and established relationships with retailers and wholesalers, ensuring that FCL-X™ is broadly marketed to certain segments of the US market.
"Recognizing the potential dangers of lithium-ion battery fires, finding an effective extinguishing agent has been an urgent priority for us," said David Laviner, Founder & President of AEST. "Incidents involving lithium-ion battery fires can have devastating consequences, and there has been a lack of effective solutions in the market specifically designed to combat these fires. The FCL-X™ fire suppression agent represents a significant advancement in our ability to protect lives and property."
Carlos Vicens, CEO and Director of FCL stated "AEST's reputation and commitment to excellence align perfectly with our mission to protect against potential fire hazards associated with lithium-ion batteries. 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, FCL aims to establish a robust US distribution network that ensures accessibility to this critical safety solution, ultimately safeguarding lives and property."
The master distribution agreement with AEST primarily emphasizes the FCL-X™ Extinguishers and FCL-X™ PRO product lines, granting AEST certain exclusive distribution rights in the USA for a defined period. The Company retains the right to market all its products globally and may pursue additional distribution agreements worldwide and, in the USA, provided these do not conflict with the AEST agreement.
