HaloSource Inc HaloSource Further Extends Strategic Partnership (6654A)
December 24 2014 - 2:00AM
UK Regulatory
TIDMHAL TIDMHALO
RNS Number : 6654A
HaloSource Inc
24 December 2014
For Immediate Release 24 December 2014
HaloSource Further Extends Strategic Partnership
BOTHELL, WA (US) - HaloSource, the clean water and antimicrobial
technology company, has extended its stand-still agreement with a
major multinational consumer goods company (MNC) for incorporation
of its class leading bromine based HaloPure(R) disinfection
technology in their devices sold in China for the third consecutive
year.
HaloSource has partnered with the MNC since 2012 and supplied
its HaloPure(R) disinfection technology for deployment in certain
gravity fed water purification devices sold through the retail and
online channels on an exclusive basis. Under the terms of the
ongoing arrangement HaloSource will receive a one time payment of
US$500,000 in recognition of the 12 month exclusivity
agreement.
HaloPure media has been registered with the United States
Environmental Protection Agency (USEPA) and is approved by the
Chinese MoH (Ministry of Health) for use in drinking water
purification devices making HaloPure(R) disinfection the only
technology of its kind in this rapidly growing business
segment.
Martin Coles, CEO of HaloSource, commented, "We are delighted to
be able to announce the third year extension of our partnership
with one of the world's foremost MNC's in the all-important water
purification sector and today are proud to say that devices powered
by our class leading technology provide safe drinking water for
several million people around the world daily, a number which will
continue to climb rapidly as we go to market in partnership with
leading industry players. We look forward to continuing to work on
a strategic basis with this partner as they extend the roll-out of
their devices powered by HaloPure(R) disinfection technology across
the burgeoning entry level segment for water purification in China
where water safety is a prime focus for public health."
Enquiries:
HaloSource
Martin Coles, Chief Executive Officer +1 425 974 1975
James Thompson, Chief Financial Officer +1 425 974 1993
Liberum Capital (NOMAD and Broker)
Richard Bootle/Jill Li/Steve Pearce +44 203 100 2222
Newgate Communications (Financial PR) +44 207 680 6550
James Benjamin/Georgia Lewis
About HaloSource
HaloSource, Inc. is focused on innovation in the chemistry of
water purification, designing solutions that serve people, preserve
the planet, and protect our most valuable resource - water. The
Company works with scientists and industry experts in search of new
ways to improve water quality around the globe. The team of
HaloSource chemists, biochemists and microbiologists hold more than
70 patents, giving the Company the power to provide environmentally
conscious solutions. The Company's mission is to make water better
and help return previously contaminated water into the environment
in the most clean, natural pure state.
Founded in Seattle, Washington, HaloSource has grown to become
an influential leader in three market segments: drinking water,
recreational water, and environmental water treatment and
remediation. HaloSource is headquartered in the US with operations
in China and in India. Learn more about the Company's research and
development and future cutting edge technologies by visiting
www.HaloSource.com.
HaloSource (www.halosource.com) is a global clean water
technology company headquartered in Bothell, Washington, U.S.A. It
designs solutions to protect people, preserve the planet and
celebrate our most valuable resource-water that is safer, cleaner
and more accessible for people everywhere.
HaloKlear, HaloPure, SeaKlear and HaloShield are either
trademarks or registered trademarks of HaloSource, Inc. All other
trademarks, brand names or product names belong to their respective
holders.
This information is provided by RNS
The company news service from the London Stock Exchange
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