Full Circle makes first sale into U.S. school system

Executive Summary

• Full Circle Lithium Corp. announced its first commercial sale and deployment of its FCL-X fire suppression technology into the U.S. educational sector.
• The initial deployment targets a large school district in the southeastern United States, marking a significant commercial milestone for the company's proprietary lithium-ion battery fire safety solution.
• The release highlights the growing risk of lithium-ion battery fires in educational environments, citing incidents involving laptops, e-scooters, and electric school buses as drivers for the adoption of FCL-X.

Key Details

• Transaction: First sale and deployment of FCL-X technology.
• Customer: A large school district in the southeastern United States.
• Product: FCL-X, a proprietary, non-hazardous, water-based fire-extinguishing agent designed to combat lithium-ion battery fires.
• Key Product Capabilities:
  • Rapid suppression of thermal runaway events.
  • Prevention of reignition.
  • Safe deployment in occupied environments.
• Market Context:
  • U.S. K-12 system includes over 130,000 schools serving ~50 million students.
  • U.S. colleges and universities include 4,000+ institutions with >19 million students.
  • Identified risks include fires from laptops, tablets, e-scooters, e-bikes, and electric school buses.
  • Specific incident cited: One school district reported six separate lithium-battery-related laptop fires.

Notable Quotes

• "Lithium-ion batteries are now everywhere in the school environment, from the classroom to transportation, and the risk is no longer theoretical. Schools across the U.S., including in the southeast, are experiencing real incidents involving laptops, mobility devices and charging systems. This is a growing problem that requires solutions specifically designed for these types of fires. This initial deployment is a key step in improving protection for our educational facilities." — Carlos Vicens, Chief Executive Officer