PRZOOM - /newswire/ -
Minnetonka, MN, United States, 2005/10/03 - Fireaway LLC, a leading developer and manufacturer of safe, environmentally friendly, fire-suppressing aerosol products, announced completion of its acquisition of the Aero-K®.
Fireaway LLC, a leading developer and manufacturer of safe, environmentally friendly, fire-suppressing aerosol products, announced completion of its acquisition of the Aero-K® product line from Sensor Electronics Corporation. The transaction gives Fireaway key strategic assets that enhance its innovative line of fire safety equipment.
As part of the acquisition, Fireaway assumes responsibility for domestic and international distribution channels and warranty administration - assuring uninterrupted service to end users, distributors, and OEM’s. Fireaway will integrate the Aero-K® products into its recently introduced Stat-X ® line of fire suppression systems and devices.
“From the outset, there was a strong similarity in the technology between our two companies. Our management team shares a common vision for how to integrate our products, maintain the necessary approvals and streamline the process for customers of solid aerosol products,” said James F. Lavin, founder and chief executive officer of Fireaway. “Fireaway is committed to further research, develop and expand leading-edge solid aerosol technology for a variety of applications and will continue to seek acquisitions to strategically grow our business.”
The devices meet National Fire Protection Association (NFPA) 2010 standards, are approved for use by the U.S. Environmental Protection Agency, listed by UL Canada, and are manufactured to ISO 9000 standards.
“Our products are a safe, innovative, cost effective and reliable “first line of defense” in fire protection,” noted Lavin. “Our revolutionary technology requires a small fraction of the extinguishing agent associated with traditional systems. This translates into an increased level of protection and significant cost savings for the user.”
Fireaway LLC (fireaway.biz), founded in 2003, manufactures and distributes safe, environmentally friendly fire-suppressing aerosol systems that are transforming the fire protection industry. Its products provide an effective, reliable and cost-effective enhancement to existing fire-safety methods. The company has assembled a world-class team of engineers and professionals with decades of experience servicing a wide range of industries including information technology, transportation, process control, chemical, defense, and marine applications.