Strix Group PLC Update on the HaloPure Technology
January 18 2021 - 2:00AM
RNS Non-Regulatory
TIDMKETL
Strix Group PLC
18 January 2021
18 January 2021
Strix Group Plc
("Strix", the "Group" or the "Company")
Update on the HaloPure Technology
Strix Group Plc (AIM:KETL), the AIM quoted global leader in the
design, manufacture and supply of kettle safety controls and other
complementary water temperature management components, is pleased
to announce that it has signed a contract with Chia Tai Group, one
of most specialised and well-known livestock company's operating in
China, to adopt its HaloPure technology at one of its pig farms in
the People's Republic of China ("PRC") which can farm 2800 sow
pigs.
The HaloPure technology has a unique ability to not only treat
raw incoming water, but also maintain an ongoing sanitised
environment throughout the water line. This application is designed
for industries reliant on long distance water lines with
significant bacteria contamination such as livestock farming.
Strix's HaloPure technology was selected for its water
purification and disinfection solution technologies to prevent the
spread of African swine fever virus ("ASFV"). HaloPure technology
is increasingly well recognized by the market and is likely to
result in significant further business opportunities in the future.
Tests on ASFV were conducted by a national government certified P3
laboratory proving that HaloPure can effectively kill the ASFV
virus for raw water and waterline. Strix will install the full
system by end of January 2021.
Additionally, this technology has also been identified for use
in numerous other healthcare and dentistry applications. 35
hospitals in China have indicated they are adopting this technology
for dental services and 28 hospitals for rinse water, with sales
expected within 2021. The HaloPure technology is well positioned to
respond to the anticipated policy change in the PRC which will
require regulated water for use in all livestock farms, hospitals
and clinics.
The HaloPure technology is being developed in a number of
Strix's new applications. Strix were able to use this technology
during the COVID-19 pandemic to create a disinfection facility at
the Guangzhou factory, eliminating potential viruses or bacteria on
the clothes of employees entering its factories, creating a safe
and healthy working environment during the pandemic.
Mark Bartlett, CEO of Strix Group Plc, commented:
"In line with the strategy set-out at the Capital Markets Day in
November, Strix continues to invest in compelling growth
opportunities within the water category and remains focussed on
capturing the medium-term benefit by entering into commercial
agreements which will drive future profitability.
The Strix HaloPure technology represents a highly attractive
proposition for industries that require a water purification and
disinfection solution and we are delighted with the continued
progress being made following the successful implementation into
the pig and chicken farming industry and the dental market in
China. We look forward to updating the market on further
developments of the success of this technology in due course."
For further enquiries, please contact:
Strix Group Plc +44 (0) 1624 829829
Mark Bartlett, CEO
Raudres Wong, CFO
Zeus Capital Limited (Nominated Advisor and Joint Broker) +44 (0) 20 3829 5000
Nick Cowles / Jamie Peel / Jordan Warburton (Corporate Finance)
Stifel Nicolaus Europe Limited (Joint Broker) +44 (0) 20 7710 7600
Matthew Blawat / Francis North
IFC Advisory Limited (Financial PR and IR) +44 (0) 20 3934 6630
Graham Herring / Tim Metcalfe / Florence Chandler
ABOUT STRIX GROUP PLC
Isle of Man based Strix, is a global leader in the design,
manufacture and supply of kettle safety controls and other
components and devices involving water heating and temperature
control, steam management and water filtration.
Strix's core product range comprises a variety of safety
controls for small domestic appliances, primarily kettles. Kettle
safety controls require precision engineering and intricate
knowledge of material properties in order to repeatedly function
correctly. Strix has built up market leading capability and
know-how in this field since being founded in 1982.
Strix is admitted to trading on the Alternative Investment
Market of the London Stock Exchange (AIM: KETL).
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