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®

Innovation & Internationalization:
Two sides of the Same Coin

FRX Polymers®, Inc., Proprietary & Confidential
“The Future is Plastics”
The Graduate (1967) with Dustin Hoffman:
“There's a great future in plastics. Think about
it. Will you think about it?”

2015: ~300MM TPA

AAGR ~5%

1967: ~25MM TPA
®

FRX Polymers® Inc., Proprietary & Confidential,

Page ‹nr.›
~5% of all Plastics contain Flame Retardants
Electrical Equipment and Consumer Electronics (EE&CE)

Housings

Wire and cable

PCB’s

Connectors

Mcb’s

Building & Construction (B&C)

Carpeting

Thermoplasts

Sheet

Laminates

Lighting

Transportation

Average Annual Polymers Inc., Proprietary & Confidential, Page ‹nr.›Retardants ~6-7%
FRX Growth Rate of Flame
®

®
Why Flame Retardants?
•
•
•
•
•
•

Wikipedia: “Materials used in plastics that inhibit or resist the spread of fire”
2 – 2.5 millions fires per year in Europe,
About 10,000 fatalities per year globally,
> 90% of fatalities occur in homes and buildings,

Total cost of fires ~ 1% of developed world GDP,
3 min to escape today vs 17 min in the 1970’s – if no Flame Retardants

®

FRX Polymers® Inc., Proprietary & Confidential,

Page ‹nr.›
A Revolution is Taking Place!
Bromine containing Flame Retardants:
• Persistent
• Bio Accumulates
• Toxic in animal tests
•

Continuous pressure from NGOs on OEMS

•
•

2006 EU Directive bans specific families of Br FR’s
Voluntary ban of all Bromine FR by the major consumer
electronic OEMs by specific dates
- Stimulated by governmental organizations
®

FRX Polymers® Inc., Proprietary & Confidential,

Page ‹nr.›
NOFIA Polyphosphonates, A Unique FR Solution

Plastic with
current FR
additives

Small molecules end up in environment

Plastic with
NOFIA FR

Large molecules trapped in plastic

● Polymer:
o Permanent and will not migrate out
o Minimal impact on host plastic properties
o Possible to use plastic processing methods
● Non-halogen flame retardant
● Extreme FR properties
● High melt flow

● Transparent
● Range of toughness
®

FRX Polymers® Inc., Proprietary & Confidential,

Page ‹nr.›
IP Protection and Global Product Registration
Patent Coverage

Today, 43 Granted patents
Total 22 patent families covering 110
grantings+applications in multiple countries

Global Product Registration

NOFIA has very favorable health profile:
- Human Health: Low Risk
- Ecotoxicity: Low Risk
- Environmental faith: Low Risk
- Physical profile: Low Risk

Registered
Pending

®

FRX Polymers® Inc., Proprietary & Confidential,

Page ‹nr.›
New Product Introduction –Time Consuming
Raw Material suppliers

Compounders

Injection Molders

At each stage:
● Material specifications
● Issue resolution
● Product approval

OEMs

Additional
● IP protection
● Regulatory
● Global market!
®

FRX Polymers® Inc., Proprietary & Confidential,

Page ‹nr.›
New Product Introduction – Global Game
● Customer base is global:
o Major OEMs – America, Europe, Asia
o Injection molders – Shift to Asia and Eastern Europe
o Compounders – Major global players and small local players
● Product requirements dictated by global specifications
o UL94 FR requirements for electronic equipment
● Product registration required in multiple countries
o Test results from qualified labs can be used in multiple countries

● Very important to protect IP through global patent filing
● Requires substantial financial resources

®

FRX Polymers® Inc., Proprietary & Confidential,

Page ‹nr.›
How to Bring Innovation to the Global Market?

Chelmsford, MA
HQ, R&D, Production, Sales

The world is ours!

®

FRX Polymers® Inc., Proprietary & Confidential,

...

Page ‹nr.›

...and we will
conquer
the world!
FRX Polymers Approach
● Hiring the team
o Take people that excel in their field
o Entrepreneurial
o Flexible
o Multiple language skills
● Diversified group of global investors
o Leads to introduction to broader customer and investor base
● Global network of agents and distributors
o Extensive training on products and company philosophy
o Close collaboration – joint customer visits, frequent calls
● Global network of business partners
o Local support for working with governments and regulations
● Get the word out globally
o Trade shows, Conferences, Press releases
®

FRX Polymers® Inc., Proprietary & Confidential,

Page ‹nr.›
FRX Polymers’ Global Growth

2010
Chur, CH
Pilot Plant
2007
Chelmsford, MA
HQ, R&D

2012:– Pilot Plant facility in C Financing
2011 Global:Sales NetworkSwitzerland
2010: 2013 Series A Financing
2009:
B and Established

®

FRX Polymers® Inc., Proprietary & Confidential,

Page ‹nr.›
FRX Polymers’ Global Growth

Polymer Plant in Netherlands
Polymer Plant in USA: Close to HQ
Polymer Plant in CH at Pilot Plant



2007
Chelmsford, MA
HQ, R&D

2013
Antwerp, BE
Commercial Polymer Plant

Commercial
Monomer Plant

Antwerp:
● Positive investment conditions and strong Financing of Flemish government
2013: Commercial Monomer and Polymer Plant
2009: Series A industrial policy
● 2nd largest chemical cluster site in the world
● One of the biggest ports in the world
● Integration with Bayer Material Science site

®

FRX Polymers® Inc., Proprietary & Confidential,

Page ‹nr.›
Groundbreaking Ceremony in Antwerp
FRX Polymers Breaks Ground on New Manufacturing Plant on Bayer’s
Site in Antwerp – September 20, 2012
“As a new, innovative company, with
a sound focus on sustainability, FRX
Polymers has its right place here in
Flanders.” -Kris Peeters, MinisterPresident of the Government of
Flanders

®

FRX Polymers® Inc., Proprietary & Confidential,

Page ‹nr.›
First Commercial Plant in Antwerp
Start Production 4th Quarter 2013

®

FRX Polymers® Inc., Proprietary & Confidential,

Page ‹nr.›
From Local Innovation to International Commercialization

PRODUCT COMMERCIALIZATION
GLOBAL PRODUCT EXPORT
PRODUCT PERFECTION
LOCAL INNOVATION

®

FRX Polymers® Inc., Proprietary & Confidential,

Page ‹nr.›
®

Thank you for your attention!

FRX Polymers®, Inc., Proprietary & Confidential

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20140130 frx polymers

  • 1. ® Innovation & Internationalization: Two sides of the Same Coin FRX Polymers®, Inc., Proprietary & Confidential
  • 2. “The Future is Plastics” The Graduate (1967) with Dustin Hoffman: “There's a great future in plastics. Think about it. Will you think about it?” 2015: ~300MM TPA AAGR ~5% 1967: ~25MM TPA ® FRX Polymers® Inc., Proprietary & Confidential, Page ‹nr.›
  • 3. ~5% of all Plastics contain Flame Retardants Electrical Equipment and Consumer Electronics (EE&CE) Housings Wire and cable PCB’s Connectors Mcb’s Building & Construction (B&C) Carpeting Thermoplasts Sheet Laminates Lighting Transportation Average Annual Polymers Inc., Proprietary & Confidential, Page ‹nr.›Retardants ~6-7% FRX Growth Rate of Flame ® ®
  • 4. Why Flame Retardants? • • • • • • Wikipedia: “Materials used in plastics that inhibit or resist the spread of fire” 2 – 2.5 millions fires per year in Europe, About 10,000 fatalities per year globally, > 90% of fatalities occur in homes and buildings, Total cost of fires ~ 1% of developed world GDP, 3 min to escape today vs 17 min in the 1970’s – if no Flame Retardants ® FRX Polymers® Inc., Proprietary & Confidential, Page ‹nr.›
  • 5. A Revolution is Taking Place! Bromine containing Flame Retardants: • Persistent • Bio Accumulates • Toxic in animal tests • Continuous pressure from NGOs on OEMS • • 2006 EU Directive bans specific families of Br FR’s Voluntary ban of all Bromine FR by the major consumer electronic OEMs by specific dates - Stimulated by governmental organizations ® FRX Polymers® Inc., Proprietary & Confidential, Page ‹nr.›
  • 6. NOFIA Polyphosphonates, A Unique FR Solution Plastic with current FR additives Small molecules end up in environment Plastic with NOFIA FR Large molecules trapped in plastic ● Polymer: o Permanent and will not migrate out o Minimal impact on host plastic properties o Possible to use plastic processing methods ● Non-halogen flame retardant ● Extreme FR properties ● High melt flow ● Transparent ● Range of toughness ® FRX Polymers® Inc., Proprietary & Confidential, Page ‹nr.›
  • 7. IP Protection and Global Product Registration Patent Coverage Today, 43 Granted patents Total 22 patent families covering 110 grantings+applications in multiple countries Global Product Registration NOFIA has very favorable health profile: - Human Health: Low Risk - Ecotoxicity: Low Risk - Environmental faith: Low Risk - Physical profile: Low Risk Registered Pending ® FRX Polymers® Inc., Proprietary & Confidential, Page ‹nr.›
  • 8. New Product Introduction –Time Consuming Raw Material suppliers Compounders Injection Molders At each stage: ● Material specifications ● Issue resolution ● Product approval OEMs Additional ● IP protection ● Regulatory ● Global market! ® FRX Polymers® Inc., Proprietary & Confidential, Page ‹nr.›
  • 9. New Product Introduction – Global Game ● Customer base is global: o Major OEMs – America, Europe, Asia o Injection molders – Shift to Asia and Eastern Europe o Compounders – Major global players and small local players ● Product requirements dictated by global specifications o UL94 FR requirements for electronic equipment ● Product registration required in multiple countries o Test results from qualified labs can be used in multiple countries ● Very important to protect IP through global patent filing ● Requires substantial financial resources ® FRX Polymers® Inc., Proprietary & Confidential, Page ‹nr.›
  • 10. How to Bring Innovation to the Global Market? Chelmsford, MA HQ, R&D, Production, Sales The world is ours! ® FRX Polymers® Inc., Proprietary & Confidential, ... Page ‹nr.› ...and we will conquer the world!
  • 11. FRX Polymers Approach ● Hiring the team o Take people that excel in their field o Entrepreneurial o Flexible o Multiple language skills ● Diversified group of global investors o Leads to introduction to broader customer and investor base ● Global network of agents and distributors o Extensive training on products and company philosophy o Close collaboration – joint customer visits, frequent calls ● Global network of business partners o Local support for working with governments and regulations ● Get the word out globally o Trade shows, Conferences, Press releases ® FRX Polymers® Inc., Proprietary & Confidential, Page ‹nr.›
  • 12. FRX Polymers’ Global Growth 2010 Chur, CH Pilot Plant 2007 Chelmsford, MA HQ, R&D 2012:– Pilot Plant facility in C Financing 2011 Global:Sales NetworkSwitzerland 2010: 2013 Series A Financing 2009: B and Established ® FRX Polymers® Inc., Proprietary & Confidential, Page ‹nr.›
  • 13. FRX Polymers’ Global Growth Polymer Plant in Netherlands Polymer Plant in USA: Close to HQ Polymer Plant in CH at Pilot Plant  2007 Chelmsford, MA HQ, R&D 2013 Antwerp, BE Commercial Polymer Plant Commercial Monomer Plant Antwerp: ● Positive investment conditions and strong Financing of Flemish government 2013: Commercial Monomer and Polymer Plant 2009: Series A industrial policy ● 2nd largest chemical cluster site in the world ● One of the biggest ports in the world ● Integration with Bayer Material Science site ® FRX Polymers® Inc., Proprietary & Confidential, Page ‹nr.›
  • 14. Groundbreaking Ceremony in Antwerp FRX Polymers Breaks Ground on New Manufacturing Plant on Bayer’s Site in Antwerp – September 20, 2012 “As a new, innovative company, with a sound focus on sustainability, FRX Polymers has its right place here in Flanders.” -Kris Peeters, MinisterPresident of the Government of Flanders ® FRX Polymers® Inc., Proprietary & Confidential, Page ‹nr.›
  • 15. First Commercial Plant in Antwerp Start Production 4th Quarter 2013 ® FRX Polymers® Inc., Proprietary & Confidential, Page ‹nr.›
  • 16. From Local Innovation to International Commercialization PRODUCT COMMERCIALIZATION GLOBAL PRODUCT EXPORT PRODUCT PERFECTION LOCAL INNOVATION ® FRX Polymers® Inc., Proprietary & Confidential, Page ‹nr.›
  • 17. ® Thank you for your attention! FRX Polymers®, Inc., Proprietary & Confidential