Board Appointment (9435K)
July 25 2011 - 2:00AM
UK Regulatory
TIDMHAL TIDMHALO
RNS Number : 9435K
HaloSource Inc
25 July 2011
HALOSOURCE ANNOUNCES THE APPOINTMENT OF MARTIN COLES
TO its BOARD
Seattle, U.S.A. - HaloSource, Inc. ("HaloSource" or "the
Company") (HAL.LN, HALO.LN) the clean water and antimicrobial
technology company, is pleased to announce the appointment of
Martin Coles to the HaloSource Board as Executive Deputy Chairman,
effective today. Additive to his Board responsibilities, Martin
will be responsible for advising the CEO on business strategy and
sales and marketing initiatives.
Martin has held senior roles and board positions in leading
international blue-chip companies spanning a wide variety of
sectors including consumer industries, technology and sport. He has
over 30 years of significant business experience, including
consultancy and advisory work on corporate strategy, and brings
senior board experience to HaloSource as a Director and member of
the Board's compensation committee.
Martin, aged 56, joins the company from Starbucks, where he
served as President of Starbucks Coffee International and COO of
Starbucks Coffee Company, responsible for 17,000 stores globally
across 51 countries. He previously served as President and CEO of
Reebok, was a Director Levi Strauss and Co. and has held senior
management positions at Nike and Pepsi Cola Bottling. Martin began
his career at Procter and Gamble.
Martin holds a BSc (hons) in Biochemistry from the University of
Wales in Swansea, UK. He is a former chair of the Advisory Board
for the University of Washington International Business School and
is a member of the Advisory Board for Seattle University
International Business School.
Commenting on the appointment, John Kaestle, Chief Executive of
HaloSource, said: "We are delighted to welcome Martin to the
HaloSource Board. He is a seasoned business professional with
extensive corporate knowledge and insight, and we look forward to
working with him in the next phase of HaloSource's
development."
Martin Coles said: "I am thrilled to join the HaloSource team -
the company is fast establishing itself as the leading clean water
technology destination with tremendous growth potential worldwide.
I look forward to working closely with John and his team to help
achieve this."
The Company has confirmed that there is no further information
to be disclosed in accordance with the requirements of Schedule
2(g) of the AIM Rules.
ENDS
HaloSource
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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(R) 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 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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