TIDMHAL TIDMHALO
RNS Number : 9242X
HaloSource Inc
22 February 2012
FOR IMMEDIATE RELEASE 22 February 2012
Significant New strategic partnership
HALOSOURCE, INC. and SIGSA STRENGTHEN Relationship
through powerful ENVIRONMENTAL WATER PARTNERSHIP SEATTLE
(BUSINESSWIRE), 22 February 2012 - HaloSource, Inc. (HAL.LN,
HALO.LN), the clean water technology company, and Servicios de
Ingenieria Geosintetica, S.A. (SIGSA) announce today a strategic
partnership to develop and deploy the unique eco-friendly
HaloKlear(TM) Dual Polymer System ("DPS") water treatment
technology in dry form for use in SIGSA's Latin American industrial
water-treatment markets. These applications include construction
storm-water run-off, hydro-electric dam construction and dredging
projects. An exclusive supply agreement will follow this funded
development, which will provide SIGSA with exclusivity in certain
key markets in exchange for minimum commitments. Management expect
that at full scale this exclusive supply agreement has the
potential to provide up to US$1 million in annual revenue for
HaloSource.
SIGSA has already been purchasing the current HaloKlear DPS
product for multiple projects and this partnership is a major step
forward in deploying the "next generation" DPS technology,
delivering higher value from both a performance and cost
perspective. The use of the innovative HaloKlear technology in
commercial scale eco-friendly water treatment has put HaloSource as
a leader in the industry. Latin American markets demonstrate strong
and sustained demand for an all-natural and environmentally
responsible solution for commercial water treatment, and the
HaloKlear biopolymer solution reduces the user's carbon footprint
by eliminating the previous industry practice of transporting
chemically contaminated material, resulting from conventional water
treatment processes, to landfill for burial. The environmental
advantages along with the DPS product's performance and cost
effectiveness make it a win-win for SIGSA in Latin America.
Martin Coles, CEO of HaloSource commented, "While HaloSource has
been in the storm water remediation market in the United States for
many years, we are delighted to partner with SIGSA, one of the
strongest players in Latin America and a company with a tremendous
heritage of environmental responsibility and stewardship. Our
relationship with SIGSA is another step forward in our strategy to
deliver our world-class technologies in water treatment through
deeper strategic partnerships. Key industry players like SIGSA
share our commitment to environmental responsibility and create
access for people across the world to clean, safe water - whether
they drink it, play in it or put it back into the environment."
HaloSource's HaloKlear product line ensures clean, safe and
healthy water sources by removing contaminants from storm water
runoff at construction sites, drilling projects, dredging
operations and contaminated water resulting from oil and gas
exploration, enabling operators to meet stringent local, state and
national requirements around the world.
SIGSA President Nicky Araujo commented, "The appeal of the
HaloKlear DPS technology is driven by its superior performance in
particle removal using an all natural and environmentally friendly
ingredient base. This eco-friendly solution coupled with the impact
on our overall reduction in our carbon footprint has made this
expansion of our partnership an easy decision. We are proud to be
leading the way for the industry in adopting this technology."
About HaloSource
HaloSource is a global clean water technology company
headquartered in Seattle, U.S.A. and is focused on the provision of
cleaner, clearer and safer water using its proprietary technologies
across four platforms:
-- HaloKlear products employ natural bio-polymers to provide
water clarification on an industrial scale with dramatic reductions
in ecological impact
-- HaloPure(R) became the first drinking water technology in 30
years to be registered by the United States Environmental
Protection Agency ("USEPA"). In 2010, HaloPure was approved by
China's Ministry of Health ("MOH") and widely recognized as the
world's most stringent performance requirements for water
purification, a key differentiator for our multi-national
partners
-- SeaKlear(R) Pool and Spa treatment products bring both
natural bio-polymers and antimicrobial applications for treating
recreational water
-- HaloShield(R) products consist of antimicrobial coatings
solutions that employ unique technology that binds chlorine-based
bleach to textiles such as sheets, lab coats and towels for use as
a non-toxic biocide. www.halosource.com
Under new CEO Martin Coles' leadership, the Company's new
strategy incorporates the following core principles as key to
driving growth:
-- Cultivating deeper more meaningful strategic relationships
with select industry players across all segments of the business
enabling the Company to expand its reach and application of its
innovative technologies (geography, product, and channel). Being
more open to structures that leverage core competencies of each
party.
-- Focusing on product innovation around the Company's core
technologies in its various segments.
-- Building brand awareness with a relentless focus on the end
user, understanding their needs and developing appropriate
solutions using the Company's unique technologies and approach.
-- Investing in our people to ensure we have the right talent in
the right places at the right time in line with our growth
ambitions, partnerships and key markets.
HaloKlear, HaloPure, SeaKlear and HaloShield are either
trademarks or registered trademarks of HaloSource, Inc.
About SIGSA
Based in San Jose, Costa Rica, SIGSA is one of Grupo Araujo's
companies, with more than 20 years providing consulting and
specialized installations in civil, environmental and geosynthetics
applications. With more than 65 million square meters of installed
linings, SIGSA has gained its reputation in the region with
certifications from international associations. SIGSA supports
regional agents in El Salvador, Guatemala, Honduras, Bolivia,
Argentina and the Dominican Republic. SISGA provides services to
industry sectors including:
-- Mining
-- Petrochemical
-- Industrial
-- Commercial
-- Municipal
-- Industrial Waste
-- Residential
-- Government
# # #
For further information:
HaloSource
Martin Coles, Chief Executive Officer +1 425 971 1975
James Thompson, Chief Financial Officer +1 425 974 1993
SIGSA
Nicky Araujo, President
Buchanan + 506 2290-0517
Charles Ryland/Suzanne Brocks/
Catherine Breen +44 207 466 5000
Liberum Capital (NOMAD)
Simon Atkinson/Richard Bootle +44 203 100 2222
This information is provided by RNS
The company news service from the London Stock Exchange
END
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