HaloSource Inc New Partnership with Fluidra, S.A. (0155R)
08 September 2014 - 4:01PM
UK Regulatory
TIDMHAL TIDMHALO
RNS Number : 0155R
HaloSource Inc
08 September 2014
8 September 2014
HaloSource, Inc.
("HaloSource" or the "Company")
New Partnership with Fluidra, S.A.
HaloSource, Inc. (HAL.LN, HALO.LN), the global clean water
technology company traded on London's AIM, is pleased to announce
that it has signed a strategic supply agreement with Fluidra, S.A.
("Fluidra"), to accelerate the delivery of HaloSource's enhanced
recreational water solutions into the European and Australian pool
and spa markets, for an initial term of up to three years. Fluidra
is a multinational group listed on the Spanish Stock Exchange which
develops applications for the sustainable use of water.
This agreement provides Fluidra with the exclusive rights to
distribute certain HaloSource Recreational Water products into
specified key European countries, excluding the UK, providing
Fluidra meets certain minimum purchase levels over three years. To
maintain exclusivity for calendar year 2015, Fluidra must make
minimum product purchases from HaloSource worth at least US$200,000
to be shipped by HaloSource by 31 December 2014. To maintain
exclusivity for calendar years 2016 and 2017, Fluidra's minimum
product purchases are US$400,000 and US$500,000 respectively, to be
shipped by HaloSource by 31 December 2015 and by 31 December 2016
respectively.
Fluidra is a world leader in the supply and distribution of
systems and components for both private and public swimming pools
(in ground and above ground pools) and wellness facilities. Fluidra
operates in 41 countries by way of 150 branches and production
centres located in the main markets. Fluidra products are
distributed to more than 170 countries due to an established and
extensive sales network and effective marketing reach.
Fluidra has provided solutions for professionals and the general
public alike for over 40 years and their products are distributed
in specialty shops, hardware stores, fitters and large retail
premises. Every year over 25,000 professionals use the products
distributed by the various brands with which Fluidra operates
(AstralPool, Certikin, CTX, Gre, etc.), and 25% of all new swimming
pools that are built in the world include some of Fluidra's
products.
CEO of HaloSource, Martin Coles, commented:
"We are delighted to have secured a strategic supply agreement
with another large and well-respected multinational company such as
Fluidra, which further validates our ability to deliver innovative
products and technologies. Fluidra's number one position in the
European swimming pools and wellness facilities market, coupled
with its world-class global sales and distribution network make it
the ideal partner for HaloSource, from which pool and spa owners
will benefit.
"In addition, our companies shared values around the sustainable
use of water provides a firm foundation for building an impactful
long-term partnership. We look forward to working closely with
Fluidra and developing this important relationship."
Marc Pérez, Director Pool & Wellness, Fluidra, added:
"Fluidra is committed to bringing leading and innovative pool
and spa products and technologies to our customers in Europe and
globally in order to deliver the best solutions in the most
effective way. We are pleased to have signed this agreement with
HaloSource, which will help ensure that we continue to be the
international benchmark for the sustainable use of water."
For further information contact:
HaloSource, Inc. via Newgate
Martin Coles, Chief Executive
Officer
James Thompson, Chief Financial
Officer
Liberum Capital (NOMAD) Tel: 0203 100 2222
Simon Atkinson
Richard Bootle
Newgate Communications (Financial Tel: 020 7680 6550
PR)
James Benjamin halosource@newgatecomms.com
Madeleine Palmstierna
Georgia Lewis
Notes to Editors:
About HaloSource
HaloSource, Inc. designs 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
100 patents, giving the company the power to provide proven in
market solutions. The company's mission is to make water better
through relentless innovation in the chemistry of water
purification, working in partnership with market leaders that have
trusted brands, consumer or end-user insights and access to the
most effective distribution channels.
Founded in Seattle, Washington, HaloSource has grown to become
an influential leader in three key sectors: drinking water,
recreational water, and environmental water treatment and
remediation. HaloPure(R), HaloKlear(R) and SeaKlear(R) are the
distinct brands that optimize the unique chemistry platforms across
these primary sectors. Learn more about these cutting edge
technologies by visiting www.HaloSource.com
About Fluidra
Fluidra is a multinational group listed on the Spanish Stock
Exchange, dedicated to developing applications for sustainable
water use. The company specialises in solutions for water
conservation, handling, treatment and enjoyment.
Fluidra operates in 41 countries by way of 150 branches and
production centres located in the main markets. Fluidra products
are distributed to more than 170 countries due to an extensive
sales network. The group has some 3,700 employees.
Respect for water and its rational use are two concepts at the
core of the philosophy of the group. The companies which comprise
Fluidra, some of these with 40 years of experience, have grown with
this vision, specializing in four business units: water treatment,
fluid handling, irrigation and pool/wellness. For more information
visit: www.fluidra.com/sites/en/index.html
This information is provided by RNS
The company news service from the London Stock Exchange
END
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