HaloSource Inc Contract Win (8562H)
26 June 2013 - 4:01PM
UK Regulatory
TIDMHAL TIDMHALO
RNS Number : 8562H
HaloSource Inc
26 June 2013
FOR IMMEDIATE RELEASE 26 June 2013
Contract Win
HaloSource Expands Clean Drinking Water Offerings into Latin
America with H2O International & Fortune 500 Partner
HaloSource, Inc. (HAL.LN, HALO.LN), the clean water technology
company, today announced a further expansion of its strategy to
drive market presence for its leading HaloPure(R)water purification
technology through a distribution contract with a major Fortune 500
Company and leading provider of branded consumer products.
HaloSource will provide its gravity-based disinfecting water
pitchers powered by its patented HaloPure media in five Latin
American countries.
HaloSource has granted the customer certain exclusivity on the
supply of devices in the territory, provided the customer meets
certain minimum purchase levels. If satisfied, the arrangement is
expected to provide HaloSource revenues of up to US $675,000 for
the initial year of the contract and up to US $1 million in the
second year of the contract.
The two companies came together through a mutual partnership
with H2O International, Inc. (H2O) facilitated by founder Guillermo
Guzman. With more than 20 years in the water purification industry,
Guzman saw a perfect fit for HaloPure media, HaloPure's
groundbreaking drinking water disinfection technology, which
reduces waterborne viruses and bacteria by 99.9% while preventing
bacterial recontamination, keeping treated water fresher for
longer.
Guzman commented, "I am delighted to have been able to introduce
two great partners who, together, will continue to bring a new
definition of water purification efficacy to the pitcher
business"
The new partnership will expand the reach of HaloPure media
further into Latin America. In Q3 of last year, HaloSource
announced its commercial entry into Brazil through a partnership
with Pentair for co-branded water pitchers and replacement
cartridges in Brazil.
Martin Coles, Chief Executive Officer of HaloSource commented,
"We are thrilled at the prospect for our new partnership, working
with one of the world's largest Consumer Products companies with an
incredibly strong portfolio of products. Our new partner's reach,
reputation and consumer acceptance in markets across the world
continues to be a clear endorsement of the strength and trust in
our HaloPure technology and I look forward to being able to bring
the promise of safe, clean drinking water to more consumers and
families in South America. This is another large vote of confidence
for us in an enormous segment, drinking water purification, which
is still in its infancy."
# # #
HaloSource
Martin Coles, Chief Executive
Officer +1 425 974 1930
James Thompson, Chief Financial
Officer +1 425 974 1930
Buchanan
Charles Ryland/ Clare Akhurst +44 207 466 5000
www.buchanan.uk.com
Liberum Capital (NOMAD)
Simon Atkinson/Richard Bootle +44 203 100 2222
About HaloSource
HaloSource (halosource.com) is a global clean water technology
company headquartered in Bothell, Washington, U.S.A. We design
solutions to protect people, preserve the planet and celebrate our
most valuable resource-water that is safer, cleaner and more
accessible for people everywhere.
HaloSource is committed to relentless innovation,
industry-leading products and ongoing support for water-related
philanthropy. Our proprietary technologies for drinking and
recreational water, textile coatings, and environmentally friendly
wastewater recycling, enable our partners to rid the world's water
of impurities and return it responsibly to the earth.
HaloSource Technologies that Protect Water and Textiles:
-- HaloPure media is the most flexible, price-competitive
disinfection solution for clean drinking water in the industry. In
2009, it became the first drinking water technology in 30 years to
be registered by the United States Environmental Protection Agency
(USEPA), widely recognized as having the world's most stringent
performance requirements for water purification. In 2010, HaloPure
media was approved by China's Ministry of Health (MOH) and
recognized for meeting the world's most stringent water
purification requirements, a key differentiator for our
multi-national partners. In Brazil, the use of HaloPure media has
met or exceeded all appropriate standards of the National Institute
of Metrology, Standardization and Industrial Quality (INMETRO).
-- SeaKlear(R) Pool and Spa treatment products bring both
natural biopolymers and antimicrobial applications for treating
recreational water.
-- HaloShield(R) products consist of antimicrobial coatings
solutions that employ unique technology that binds
chlorine----based bleach to textiles such as sheets, lab coats and
towels for use as a non----toxic biocide.
HaloSource Technologies that Preserve the Environment:
-- HaloKlear(R) products use natural biopolymers providing
industrial water clarification with dramatic reductions in
ecological impact.
HaloSource Celebrates Clean Water:
HaloSource supports organizations dedicated to sustainable clean
water projects. Currently, the company is working to provide clean
water to a village in the Mdolo region of Malawi with their partner
A Barefoot MileFoundation, and the company recently became a
platinum sponsor of Wishing Well International Foundation.
HaloKlear, HaloPure, SeaKlear and HaloShield are 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
END
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