- FCL signed its second distribution agreement, focused on
FCL-X™ in bulk form with world renowned US
Fire Pump, a USA based
industrial fire solutions company
- US Fire Pump deployed and validated FCL-X™
unique effectiveness in fighting dangerous, toxic and hard to
control lithium-ion battery fires
TORONTO, Dec. 20,
2024 /CNW/ - Full Circle Lithium Corp. ("FCL" or the
"Company") (TSXV: FCLI) (OTCQB: FCLIF), a USA-based lithium products manufacturer,
announces the signing of a global distribution agreement with US
Fire Pump Company, LLC ("USFP"), marking another important
milestone in the Company's efforts to commercialize its proprietary
and innovative lithium-ion battery fire fighting agent
FCL-X™ in all of its forms. This distribution
arrangement will see USFP market
FCL-X™ Bulk across industrial and
commercial settings and in any emergency response setting
globally.
"Protecting the lives of the public and fire industry personnel
while limiting property damage is the primary mission of US Fire
Pump," said Chris Ferrara, Founder
& President of USFP. " I have been involved in the firefighting
industry for more than 40 years as a Fireman and now leading USFP.
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."
Carlos Vicens, CEO and Founder of
FCL stated "USFP's reputation, commitment to excellence and global
reach align perfectly with our mission to help in the protection
against lithium-ion battery hazards worldwide.
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 global
distribution network for FCL-X™ Bulk that
enhances accessibility to this critical safety solution, ultimately
safeguarding lives and property."
The distribution agreement with USFP focuses on the FCL-X™
Bulk product line, granting certain exclusive global
distribution rights for a defined period. The Company retains the
right to market any new products globally and may pursue additional
distribution agreements worldwide and, in the USA, provided these do not conflict with any
current distribution agreement already in place.
About US Fire Pump
Founded by firefighting veteran Chris
Ferrara, US Fire Pump combines over 200 years of experience
in design, manufacturing, marketing, and purchasing to deliver
cutting-edge firefighting solutions. Driven by a mission to protect
lives and minimize property damage, US Fire Pump was born from the
need for innovative technology, leading to the development of the
High Velocity Pump. The company also offers a comprehensive line of
submersible pumps and essential supplemental fire equipment
tailored for municipal and industrial fire professionals. With US
Fire Pump's world class product offering, Chris was able to use the
company's platform to return to his first passion, firefighting. US
Fire Pump has the largest Emergency Response team and equipment
fleet globally. Understanding that no two incidents are alike, and
that they can happen simultaneously, US Fire Pump has made a
conscience investment in emergency response assets. To date US Fire
Pump has been contracted and responded successfully to over 300
emergency responses, including landfill fires, ship fires, rescue
events, vapor suppression events, refinery and terminal fires as
well as a wide array of other major emergency events. US Fire
Pump's products, services and employees have all been "PROVEN IN
THE HEAT OF BATTLE".
About Full Circle Lithium Corp.
FCL has developed an innovative lithium-ion battery
fire-extinguishing agent - FCL-X™, to address the
increasing number of difficult to extinguish and hazardous
lithium-ion battery-based fires. A PCT patent application has been
filed by the Company to protect its FCL-X™ invention.
Additional information regarding FCL is available on SEDAR at
www.sedar.com under the Company's profile and on its website
www.fullcirclelithium.com.
For further information:
Full Circle Lithium Corp.
Carlos Vicens - CEO &
Director
ir@fullcirclelithium.com
+1.416.977.3832
Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
This news release contains forward-looking statements within
the meaning of securities legislation in the Canada and which are based on the
expectations, estimates and projections of management of the
parties as of the date of this news release unless otherwise
stated. Forward-looking statements are generally identifiable by
use of the words "expect", "anticipate", "continue", "estimate",
"objective", "ongoing", "may", "will", "project", "should",
"could", "believe", "plans", "intends" or the negative of these
words or other variations on these words or comparable terminology.
More particularly, and without limitation, this news release
contains forward-looking statements and information concerning
expectations on the effectiveness of the marketing and sales of
FCL-X™ through distribution agreements, the
viability, effectiveness, safety and additional commercialization
related to FCL-X™ which is at an early
stage of commercialization (which is very difficult for a start-up
venture like FCL as there are much larger and better capitalized
established companies that can potentially quickly enter the
lithium-ion battery fire-fighting market and create strong
competition against FCL), on receiving patent protection for
FCL-X™ and related inventions and processes,
the ability of FCL, a start-up venture, to successfully
commercialize its FCL-X™ including ramping-up
production of the agent to meet potential demand, continue raising
capital, upgrading and refurbishing its plant, and sourcing
feedstock for this and its other lines of business. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Such factors include, among others,
the uncertainties and risk factors related to the technical
elements in a processing and refining business, loss of key
technical and other staff, lithium price fluctuations, the battery
fire-extinguishing agent functioning as expected to meet safety
requirements and fire-fighting related government regulations and
potential client product specifications, and applicable
environmental requirements and issues – see additional risks
described in FCL's public filings. Actual results, developments and
timetables could vary significantly from the estimates presented.
Readers are cautioned not to put undue reliance on forward-looking
statements. FCL disclaims any intent or obligation to update
publicly such forward-looking statements, whether as a result of
new information, future events or otherwise, unless required by
law. Additionally, FCL undertakes no obligation to comment on
analyses, expectations or statements made by third parties in
respect of FCL, its financial or operating results or its
securities.
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SOURCE Full Circle Lithium Corp.
