HaloSource secures approval from Chinese MOH (2428G)
May 10 2011 - 2:00AM
UK Regulatory
TIDMHAL TIDMHALO
RNS Number : 2428G
HaloSource Inc
10 May 2011
HaloSource receives HALOPURE(R) approval from chinese ministry
of health
Seattle, U.S.A. - HaloSource, Inc. ("HaloSource" or "the
Company") (HAL.LN, HALO.LN) the clean water and antimicrobial
technology company, today announces that it has received formal
approval from the Chinese Ministry of Health for its HaloPure(R)
drinking water purification technology for use in China.
China's Ministry of Health has issued the formal approval under
a new process developed to ensure the safety and efficacy of new
technologies employed in products that impact human health.
HaloPure(R) is the first new drinking water purification technology
to be approved under these standards.
HaloSource Water Purification Technology (Shanghai) Co. Ltd. ( )
the Company's wholly owned subsidiary in China, will begin the
supply of HaloPure(R) powered components, cartridges and complete
devices to a variety of China based partners following this
approval. Imported products containing HaloPure(R) disinfection
technology may also now be registered for sale in China. The
drinking water purification market in China is estimated by
research group Frost & Sullivan to be worth more than $2.5
billion annually and is growing at more than 20% CAGR.
HaloSource has operated from its Shanghai, China facility since
2009, developing local channel and distribution relationships along
with the manufacture of HaloPure(R) products for export. Further
underscoring its commitment to the China market, the Company also
recently completed ISO9001:2008 accreditation of its Shanghai
facility by NSF International.
Commenting on the accreditation, Eric Robinson, Executive VP
Operations and Chairman of HaloSource Water Purification Technology
(Shanghai) Co. Ltd. said: "HaloSource has always had structured and
robust quality management systems as our world class partners
demand the highest level of discipline and rigor in our
manufacturing processes. Certification by NSF of our Shanghai
facility to the ISO9001:2008 standard further validates our quality
processes in support of the needs of our global customers and
reflects the hard work of our China Managing Director Joseph Chen
and his team".
John Kaestle, Chief Executive of HaloSource, commented:
"HaloSource can now start to benefit from the enormous market
opportunity to assist in providing safe, affordable, drinking water
at the point of use to hundreds of millions of Chinese consumers.
Becoming the first new drinking water purification technology
approved by the Chinese Ministry of Health since the establishment
of new standards is another banner achievement for HaloPure(R), and
is a key milestone for HaloSource in its first year as a public
company".
In 2009, HaloPure(R) became the first new drinking water
technology in 30 years to be granted both Manufacture-For-Use and
Device registrations by the United States Environmental Protection
Agency (USEPA), widely recognized as having the world's most
stringent performance requirements for water purification.
HaloPure(R) is a unique contact biocide technology that is proven
to attack and kill a wide range of harmful microorganisms and is
approved for long-term use in a variety of markets, including the
United States.
ENDS
HaloSource James Thompson, CFO &
Executive Director Andrew Clews, VP,
Marketing and Product Development +1 425 974 1993
Joseph Chen PhD, Managing Director - +1 425 974 1991
China +86 1590 164 0792
Brunswick Group
Justine McIlroy/Patrick Handley
Elizabeth Adams/Dania Saidam +44 207 404 5959
Liberum Capital (NOMAD)
Simon Atkinson/Richard Bootle +44 203 100 2222
Notes to Editors
About HaloSource
HaloSource is a clean water technology company, headquartered in
Seattle, US with operations in India and China. It is focused on
the provision of cleaner, clearer and safer water using its
proprietary N-halamine bead technology to clean and purify water,
killing bacteria and viruses that may cause disease.
HaloPure provides safer drinking water. In 2009, it became the
first new drinking water technology in 30 years to be granted both
Manufacture-For-Use and Device registrations by the United States
Environmental Protection Agency (USEPA), which is widely recognized
as having the world's most stringent performance requirements for
water purification. HaloPure(R) is a unique contact biocide
technology that is proven to attack and kill a wide range of
harmful micro-organisms and is approved for long-term use in a
variety of markets, including the United States.
SeaKlear and StormKlear products use a second technology based
on natural bio-polymers to provide water clarification and
antimicrobial applications for treating recreational and
environmental water; and HaloShield facilitates the binding of
chlorine-based bleach to textiles such as sheets, lab coats and
towels. www.halosource.com
About HaloSource's Markets
HaloPure products are principally targeted at consumers in
emerging market countries, where access to safe drinking water is
particularly poor. In an independent analysis of the global Point
of Use drinking water device market carried out in 2005, Frost and
Sullivan concluded that:
-- the market for residential water treatment equipment in China
was estimated at $960 million in 2005, growing at an annual rate of
20.4 per cent between 2004 and 2011;
-- the market for residential drinking water devices in India
was estimated at $425 million in 2009, and experiencing growth of
approximately 25 per cent annually; and
-- in 2005 the global markets for filtration formats in the form
of under-the-sink, counter top and replacement cartridges were
growing annually at 20 per cent, 21 per cent and 18 per cent,
respectively.
The World Health Organisation has estimated that 1.1 billion
people lack access to safe drinking water and the Centre for
Disease Control is recommending Point Of Use filtration and
disinfection.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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