HaloSource Inc Agreement with Seven Step Ecotech
22 September 2017 - 4:01PM
RNS Non-Regulatory
TIDMHAL
HaloSource Inc
22 September 2017
22 September 2017
HaloSource, Inc.
("HaloSource" or the "Company")
SEVEN STEP ECOTECH SELECTS HALOPURE(R) TECHNOLOGY FOR NEW LINE
OF FUNCTIONALIZED WATER BOTTLES
HaloSource Inc. (HAL.LN, HALO.LN), the global clean water
technology company traded on London's AIM, announces today it has
reached agreement to partner with Seven Step Ecotech Co. Ltd.
("Seven Step") to launch a new line of purifying water bottles for
the Asian market. These devices will be powered by HaloSource's
class-leading HaloPure(R) disinfection technology.
As a division of Xiamen HONTAY Plastic Industrial Co. Ltd, Seven
Step has access to a mature distribution channel in China and
Southeast Asia for Hontay's "non-functionalized" (eg. non-filtering
or purifying) bottles and pitchers and believes there is a
significant potential for functionalizing bottles and pitchers with
filters that can make water safe to drink. To capitalize on this
opportunity, Hontay launched a new brand called "Seven Step" which
will build upon its solid foundation and experience selling bottles
in the Asian markets. The company plans to initially leverage its
distribution channels in India and Indonesia, and plans to expand
into China, SE Asia and the Middle East over the coming years.
James Thompson, CEO of HaloSource, commented:
"This is a significant deal and illustrates the movement from
traditional bottles and pitchers to functionalized devices (making
potable water safe) by housewares companies to fully differentiate
offerings in the marketplace. This agreement demonstrates the
desire of traditional hydration companies to avoid commoditization
and create a more defensible recurring revenue stream with the
addition of filtering cartridges. We are excited to be working with
Hontay, a leading Chinese company with a strong reputation as they
launch this new line-up of hydration products under the Seven Step
brand. We too believe in the opportunity in the hydration segment
and this deal with Hontay reaffirms the market's confidence in our
HaloPure(R) disinfection technology as the best-in-class option for
providing safe water in gravity, point-of-use devices."
Mr. LiTai Zhang, President of Seven Step, commented:
"We spent a great deal of time evaluating the technologies
available to functionalize our offerings and found HaloPure(R) to
be unmatched in performance, flexibility and regulatory
certifications. We look forward to a long and fruitful partnership
in exploiting this opportunity that we jointly believe to be
significant."
Enquiries:
HaloSource, Inc.
James Thompson, Chief Executive
Officer +1 425 419 2258
Craig Crowell, Chief Financial
Officer +1 425 419 2248
Liberum Capital (NOMAD and
Broker)
Richard Bootle, Jill Li, Steve
Pearce +44 203 100 2222
About HaloSource
HaloSource, Inc. innovates and integrates technologies to
deliver clean drinking water solutions to partners with trusted
brands around the world. The Company works with scientists and
industry experts across the globe in search of new ways to improve
drinking water quality and has been awarded more than 30 patents
for its ground-breaking chemistries, which provide safe drinking
water for more than 10 million consumers globally. The Company's
class-leading HaloPure(R) Drinking Water technology has the highest
global certifications, including registration with the US EPA.
Founded in Seattle, Washington, HaloSource has grown to become
an influential leader in drinking water purification. 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.
The HaloPure(R) and astrea(R) brands are registered trademarks
of HaloSource, Inc. All other trademarks, brand names or product
names belong to their respective holders.
About Hontay
Xiamen HONTAY Plastic Industrial Co., Ltd. specializes in
producing home & garden and outdoor products, such as water
bottles, sports bottles, camping bags and glass cups. The company
is located in Xiamen, west of the Taiwan Straits. They have
successfully operated in many countries around the world over the
past 8 years. Its products are welcomed both at home and abroad,
because of professional technology, excellent quality, competitive
price and the best after-sales services.
This document contains certain forward-looking statements
relating to the Company. The Company considers any statements that
are not historical facts as "forward-looking statements". They
relate to events and trends that are subject to risk and
uncertainty that may cause actual results and the financial
performance of the Company to differ materially from those
contained in any forward-looking statement. These statements are
made by management in good faith based on information available to
them and such statements should be treated with caution due to the
inherent uncertainties, including both economic and business risk
factors, underlying any such forward-looking information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAMMGZLVMLGNZM
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September 22, 2017 02:01 ET (06:01 GMT)
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