HaloSource Inc Successful Commercial Production of Lead Reduction (6775B)
January 12 2018 - 2:00AM
UK Regulatory
TIDMHAL TIDMHALO
RNS Number : 6775B
HaloSource Inc
12 January 2018
12 January 2018
HaloSource, Inc.
("HaloSource" or the "Company")
Successful Commercial Production of Lead Reduction Media
HaloSource, Inc. ("HaloSource" or "the Company") (HAL.LN,
HALO.LN) the clean water technology company traded on London's AIM,
today announces the successful completion of the first commercial
production of its new heavy metal reduction media, HaloPure(R)
Adsorption Composite ("HPAC") in conjunction with its supply
partner, Chematek S.p.A.
As previously announced on 13 February 2017, this novel
filtration media is expected to be the class-leading lead reduction
media for gravity-cartridge and low pressure applications, capable
of meeting rigorous National Sanitation Foundation/ANSI 53
("NSF/ANSI 53") certification in devices such as pitchers and
bottles. This innovation represents the Company's second major
technology under the HaloPure(R) brand, joining its disinfection
technology the world's leading brominated bead media for
cartridge-based bacteria and virus disinfection. Bottles and
pitchers using the new lead reduction media will now be available
for sale alongside our existing products utilising our disinfection
technology.
The Company expects to initially use the new HPAC media in a
bottle under its own brand, astrea, to be launched in the United
States via crowdfunding and e-commerce platforms in H1 2018. This
launch is expected to generate the Company's first significant
revenues from the sale of drinking water technology in the world's
largest consumer market for drinking water hydration devices. We
expect to also power our hydration devices in China with this media
in conjunction with our e-commerce partnership with Shanghai JiuBan
Industrial Co. Ltd. announced on 21 June 2017.
James Thompson, Chief Executive Officer of HaloSource,
commented:
"This is a significant moment in the Company's history. Water
technologies are extremely complicated to develop and have a
notoriously long development cycle. In conjunction with our partner
Chematek, our innovation team has once again delivered one-of-kind
technology that meets the highest of regulatory standards. We look
forward to the market response to solving the heavy-metal problem
for consumers, and view this as an inflection point for our company
and a key value driver for all stakeholders."
Market Abuse Regulation
The information communicated in this Announcement is inside
information for the purposes of Article 7 of Market Abuse
Regulation 596/2014 ("MAR"). For the purposes of MAR and Article 2
of Commission Implementing Regulation (EU) 2016/1055, this
announcement is being made on behalf of the Company by Craig
Crowell, Chief Financial Officer.
Enquiries:
HaloSource, Inc.
James Thompson, Chief Executive
Officer +1 425 419 2258
Craig Crowell, Chief Financial
Officer +1 425 419 2248
Cantor Fitzgerald Europe
(NOMAD and Broker)
Andrew Craig, Richard Salmond +44 207 894 7000
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.
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
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