FXI Lays Foundation for Growth in Bedding and Sleep Accessories

March 13, 2012

MEDIA, PA, March 12, 2012 – FXI, a leading producer of innovative foam products, announced today that the company has opened a new Research and Innovation Center located in Aston, PA. This state-of-the-art facility will employ chemists and engineers who will support and sustain the growth of FXI in the home furnishings, healthcare, electronics, industrial, personal care, and transportation markets. This is the first phase of a two step process. The company intends to invest in automated facilities on both the East and West Coasts to drive growth and innovation in bedding, including toppers, pillows and other sleep accessories.

“We are excited about the opportunity for innovation in this fast-growing segment of the market and intend to leverage our experience to a broader retail base” said John Cowles, President and CEO of FXI. “Our mission is to develop solutions that meet customer needs. Based on our technological leadership and our planned investments in our facilities, we believe that we are well-positioned to succeed in enhancing our capabilities in the sleep accessories area.”

The FXI Research and Innovation Center is located at: 120 Concord Road, Aston, PA. For more information on FXI, please visit: www.fxi.com.