Favuseal is a Norwegian technology company that has developed an ultra-thin passive fire protection technology. The proprietary technology is the foundation for derived products in the form of easy-to-use wrap-on solutions in order to provide unprecedented level of fire protection to safeguard human lives and commercial assets. The Favuseal technology was included into NORSOK in 2019, and is now getting attention on a global scale from Tier 1 asset owners. The core of the business is revolving around the ultra-thin TOTAL DESIGN INTEGRITY concepts "Powered by Favuseal" that has been developed for cables and pipework.
An impressive Intellectual Property Rights database is supporting the commercial initiatives, and several Tier 1 partnerships are about to be signed. The IPR will provide ongoing inherent protection to licences and partners tapping into the value proposition of Favuseal.
The company aims for the vision of "Introducing extreme ultra-thin passive fire protection Everywhere!".
The company is currently in ramp-up state, and will invest into digital initiatives and human resources going forward.
The company is currently experiencing a drive into use of the technology within green tech such as wind mills and hydrogen, and will actively continue to pursue such leads going forward.
The company has developed 3 different platforms in 3 different segments where each platform can cater for ANY fire scenario attributable to the specific segment. No other company has the tech to do the same.
The company will actively pursue value-added stakeholders going forward that can help to contribute to realising the potential of the various segments.