Company’s second fundraising effort, initial investors are noted architectural and building product leaders
CHICAGO – July 5, 2017 – Chicago-based fire and safety startup Oval Brand Fire Products Corporation announces the opening of an equity round with proceeds used to scale operations, drive the Company’s second major product line from R&D into production, increase inventory, and expand its North American sales and marketing campaigns.
[Link to its Company video: https://goo.gl/jikckE]
In June 2015, Oval Brand Fire Products completed its Series A funding. Oval Brand has since been awarded numerous patents, achieved UL listings, brought to market a line of fire extinguishers, and is currently manufacturing private label versions of its products for the nation’s largest manufacturer of extinguisher cabinets.
Oval Brand Fire Products will soon debut their patented shallow profile standpipe hose connection. Traditional standpipe hose valves are commonly violating the ADA, IFC, and other building codes. The Oval brand fire hose valve is the world’s only 2-1/2 inch standpipe hose connection that protrudes less than four inches when surface mounted, potentially making traditional standpipe hose valves obsolete. Once the valve achieves regulatory authority approvals, many existing standpipe outlet valves will require replacement. This presents a tremendous market opportunity for Oval.
Oval Brand currently offers the only 10-pound fire extinguisher that measures three inches thick, thereby fitting in a flush, fully recessed cabinet without requiring a change from the standard three 5/8-inch wall studs. Oval Brand extinguishers are also the only products on the market that always comply with the Americans with Disabilities Act (ADA), International Fire Code (IFC), and ANSI/ICC A117.1requirements related to the height of installation and protrusion limits. Within nearly all healthcare and senior living facilities, only Oval’s low-profile extinguishers always comply with the NFPA-101 Life Safety Code and ADA when surface mounted.
In addition to improved compliance and design flexibility, Oval Brand extinguishers significantly reduce injury and damage with its innovative button hook. The patented hook design is more durable, resists dropping, and is primed to become an industry standard.
Oval’s equity round is open and available to accredited investors through Fundable.com.