NEWS RELEASE
SARNIA, Ontario - Bioindustrial Innovation Canada (BIC) is pleased to announce that it has made a COMM SCI investment in FireRein Inc, through BIC’s Sustainable Chemistry Alliance (SCA) investment fund, as part of an investment round that will allow FireRein to increase sales in the North American market.
FireRein has launched the world’s first 100% bio-sourced and 100% food-grade fire suppression water additive, to address a known water additive dilemma, and they are poised to revolutionize the fire suppression industry. Eco-Gel™ will save lives, property and the environment around the world. This investment provides operating capital for FireRein to commission commercial-scale production of their proprietary Eco-Gel™, expand their team, and will catalyze further private and public-sector funding as the company enters the next critical stage of growth.
“Bioindustrial Innovation Canada is excited about the opportunity to support FireRein’s commercialization activities through this investment. Their product provides enhanced fire suppression capability, while addressing the toxicity issue with traditional products. This is a positive combination,” says Sandy Marshall, Executive Director of BIC.
“We are pleased to be working with BIC. Their mission to enhance renewables content in the chemical and materials industries aligns with both our corporate mission and company values,” states Rui Resendes, CEO of FireRein. “The strong relationships that BIC has with world-class chemical and energy companies will greatly enhance our market development efforts within these sectors.”
For more information please contact:
A.J. (Sandy) Marshall
Executive Director
Bioindustrial Innovation Canada Tel: 1.226.778.0020 ext. 237
About Bioindustrial Innovation Canada:
Bioindustrial Innovation Canada (BIC) is a nationally focused not-for-profit organization based in Sarnia, Ontario. The Centre for Commercialization of Sustainable Chemistry Innovation (COMM SCI) acts as a hub for the commercialization of sustainable chemistry and bio-based innovation, providing businesses and technical support to participating small- and medium-sized enterprises (SMEs) in southern Ontario. COMM SCI was established with support from the Federal Economic Development Agency for Southern Ontario’s (FedDev Ontario) Investing in Regional Diversification initiative with additional support from the Government of Ontario’s Ministry of Research, Innovation and Science. Bioindustrial Innovation Canada creates jobs and economic value sustainably for Canada. We provide critical strategic investment, advice and services to business developers of clean, green and sustainable technologies. Our expertise in commercialization builds a stronger Canada.
About FireRein:
FireRein Inc. is a Napanee, Ontario-based company dedicated to providing the firefighting community with effective, innovative and sustainable firefighting technologies.
FireRein has created Eco-Gel™ - the world’s first and only 100% bio-sourced and 100% food-grade firefighting water additive. When deployed through standard firefighting equipment, Eco-Gel™ transforms water into a potent firefighting solution that “sticks and stays” to any surface in any orientation. Eco-Gel™ outperforms incumbent water additives by knocking down fires faster, while using less water and protecting the environment.
Eco-Gel™ represents a new class of firefighting water additive that addresses the emerging performance and environmental needs of the global fire protection industry. For more information visit: http://www.firerein.com/
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