Benzinga | Feb 9, 2021 09:04AM EST

FSI Announces Investment In Lygos Inc.; Size Not Disclosed

VICTORIA, BC / ACCESSWIRE / February 9, 2021 / FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE-AMERICAN:FSI)(FRANKFURT:FXT), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible Solutions also manufactures biodegradable and environmentally safe water and energy conservation technologies. Today, the Company announces a strategic investment in Lygos Inc of Berkeley, CA. The Companies intend to work together in pursuit of sustainable aspartic acid through synthetic biology.

FSI's CEO, Dan O'Brien states, "FSI believes that sustainable aspartic acid is a goal worth investing in. Our Company has great pride in our slate of biodegradable products and hopes to add sustainable to our resume." Mr. O'Brien continues, "We respect Dr. Steen and his team at Lygos as leaders in their field and best placed to succeed."

Dr. Eric Steen, CEO of Lygos, elaborates, "Developing a sustainable, carbon sequestering route to aspartic acid is challenging, but Lygos' technology in the field of organic acid biosynthesis is ideally suited for the task. We already have significant expertise, having built a platform with industry veterans. We are advancing a suite of sustainable products - ingredients for both consumer and industrial uses - and aspartic is a natural extension to our organic acid portfolio. We look forward to working with FSI in advancing the technology to commercialization."