- Strategic Forward Integration: Establishes a dedicated downstream business
focused on mandatory life-safety compliance, operating independently while
remaining under the corporate oversight and brand umbrella of FCL-X Fire &
Safety Inc. - Accelerating Product Sales & Implementation: Creates a direct, internal
pipeline to drive installations of new fire suppression systems and commercial
applications, bridging the gap between manufacturing and end-user
implementation. - Zero-CAC Cross-Selling Engine: Leverages the Company’s established
commercial client directory to bundle life-safety services, driving institutional
referral pipelines without additional customer acquisition costs (CAC). - Potential for Predictable, Long-Term Revenue: Strategically pivots toward a
model driven by mandatory NFPA and OSHA inspection cycles, transforming
transactional hardware sales into ongoing, multi-year service agreements.
Toronto, Canada – October 20, 2026 – FCL-X Fire & Safety Inc. (“FFS” or the “Company”)
(TSXV: FCLX; OTCQB: FCLIF; FSE: K0Q), a U.S.-based manufacturer of advanced fire
protection technology and life-safety solutions, is pleased to announce its strategic expansion into
the downstream services sector with the launch of a distinct operating business: FCL-X Fire
Protection & Compliance Services.
While FCL-X Fire & Safety Inc. continues to advance its core manufacturing and engineering
operations, FCL-X Fire Protection & Safety Compliance Services is a separate commercial
business designed to capture non-discretionary, ongoing service revenue. Under the Company’s
strategic management, this dedicated service entity allows FFS to diversify its business model,
moving beyond its role as a developer of fire protection technology to become an end-to-end
lifecycle service provider.
“FCL-X Fire Protection & Compliance Services is led by veterans of the fire protection industry
who have spent their careers in the field, inspecting, servicing, and standing behind life-safety
systems. That experience is what sets this division apart. Our customers rely on these systems
when it matters most, and they deserve a service partner that knows the work inside and out.”
Said Carlos Vicens, CEO & Director of FCL-X Fire & Safety Inc.
For current and future investors, forming FCL-X Fire Protection & Compliance Services
represents a significant expansion of the Company’s commercial horizon. The new entity not only
captures high-margin service and compliance revenue but also acts as a direct sales and
implementation channel for the broader portfolio of FCL-XTM technologies. By controlling the
ongoing customer experience through regular inspection cycles, FFS is positioned to drive new
suppression system installations, upgrade existing customer facilities, and dramatically expand
market awareness of its proprietary products.
Continuous, lifecycle touchpoints across industrial, manufacturing, hospitality, and commercial real estate sectors will also strengthen long-term brand awareness and customer retention. This integrated approach converts one-off transactions into deeply embedded, multi-year customer relationships that could potentially yield predictable monthly revenue.
Downstream Compliance & Non-Discretionary Market Demand
The commercial fire protection market is experiencing significant, sustained growth. According to
Fortune Business Insights, the global fire protection systems market is projected to grow from
USD 82.5 billion in 2023 to over USD 134.3 billion by 2030, driven heavily by stringent regulatory
mandates, routine inspection requirements, and the rising cost of commercial property insurance.1
Commercial, industrial, hospitality, and municipal facilities face strict, mandated fire codes
enforced by OSHA and the National Fire Protection Association (NFPA). These non-discretionary
regulatory frameworks require certified inspection cycles, generating persistent demand for
specialized compliance contractors. According to the NFPA, U.S. fire departments respond to an
estimated 37,910 fires at industrial and manufacturing properties each year, causing over $1.2
billion in direct property damage and underscoring the critical need for routine suppression system
maintenance.2
FCL-X Fire Protection & Safety Compliance Services will directly target these core mandates,
including:
- NFPA 10 & 101: Annual and multi-year portable fire extinguisher inspections, hydrostatic
testing, and emergency egress lighting maintenance. - NFPA 96 & 17A: Semi-annual kitchen hood suppression system inspections, fusible link
lifecycle management, and specialized K-class service for the hospitality vertical. - NFPA 33 & 17: Paint spray booth and dry chemical suppression system testing for
automotive, industrial finishing, and advanced manufacturing plants.
“We built this division around people who have done the work for years. Our team knows the
codes, the equipment, and the day-to-day realities facility managers face. That hands-on
expertise means inspections done right, issues resolved quickly, and one trusted partner for the
full life of a customer’s system.” Said Chad Carver, VP of Sales & Operations of FCL-XTM Fire &
Safety Inc.
The business is financially modeled to achieve a diversified revenue mix of annual service
contracts (50%), high-margin deficiency conversion (40%), and lifecycle system installations
(10%). Deployed on a modern digital field service architecture, the business establishes a
formidable technology moat against incumbent providers while driving operational synergies
across the FCL-XTM enterprise.
Footnotes:
1 Fortune Business Insights, Fire Protection System Market Size, Share & COVID-19 Impact Analysis, 2023.
2 National Fire Protection Association (NFPA), Fires in Industrial and Manufacturing Properties Report.
About FCL-X Fire & Safety Inc.
FFS is a U.S.-based fire and safety technology company focused on protecting people, property,
and critical infrastructure from the growing risks associated with lithium-ion battery fires. The
Company’s flagship proprietary innovation – FCL-XTM – is a non-hazardous, water-based lithium-
ion battery fire extinguishing agent designed for applications spanning electric vehicles, industrial
facilities, energy storage systems, first responders, transportation, waste management, and other
battery-intensive environments.
For more information:
Carlos Vicens – CEO & Director
FCL-X Fire & Safety Inc.
Email: ir@fcl-x.com
Phone: +1.416.977.3832
For media and partnership inquiries:
Daniel Purcell – Marketing Specialist
FCL-X Fire & Safety Inc.
dpurcell@FCL-X.com
FCL-X.com
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
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-XTM through distribution agreements, the viability, effectiveness, safety
and additional commercialization related to FCL-XTM which is at an early stage of commercialization (which
is very difficult for a start-up venture like FFS 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 FFS), on receiving patent protection for FCL-XTM and related inventions and processes,
the ability of FFS, a start-up venture, to successfully commercialize its FCL-XTM 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 loss of key technical and other staff, 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 FFS’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. FFS 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, FFS undertakes no obligation to comment on analyses,
expectations or statements made by third parties in respect of FFS, its financial or operating results or its
securities.
