Citrotech Inc's Business Segments

CitroTech Inc. is a specialty chemical company focused on environmentally sustainable fire inhibitor products for the wildland fire, residential home protection, and wood products industries in the U.S. and Canada. Its fire inhibitor formulations are used in the lumber and building materials industry for fire retardant treatment. The company holds a portfolio of 37 issued U.S. patents and 45 pending applications related to its proprietary chemistry and technology. CitroTech’s products have received EPA Safer Choice designation twice and UL GREENGUARD Gold certification. Its products are used by fire departments in California and are expanding into markets seeking environmentally safe alternatives to traditional fire retardants. The company has developed wood coating products and is commercializing proactive wildfire defense systems under the CitroSafe Systems brand, which are self-contained sprinkler installations using its patented product to reduce wildfire risk on properties. CitroTech is collaborating with an insurance broker to offer coverage to customers installing CitroSafe systems, currently in proof-of-concept. The company blends products in Oceanside, California, and ships directly to customers. It competes with established companies with greater resources while emphasizing its environmentally safe products and expanding patent portfolio.

The company operates in a single reporting segment specializing in environmentally sustainable specialty chemicals for fire prevention and protection within the lumber and wood products, wildland fire, and residential home industries. The CEO reviews financial information on a consolidated basis to allocate resources and assess financial performance, primarily using consolidated net income. Total assets reported on the Consolidated Balance Sheets correspond to the segment assets.