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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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