HaloSource Inc Pilot production of lead reduction media (7701W)
February 14 2017 - 1:00AM
UK Regulatory
TIDMHAL TIDMHALO
RNS Number : 7701W
HaloSource Inc
14 February 2017
13 February 2017
This announcement contains inside information
HaloSource, Inc.
("HaloSource" or the "Company")
Announces successful pilot production of lead reduction
media
HaloSource Inc. (HAL.LN, HALO.LN), the global clean water
technology company traded on London Stock Exchange's AIM market,
announces today that it has succeeded in pilot-scale production of
a filtration media that is expected to be the class-leading lead
("Pb") reduction media for gravity-cartridge applications, capable
of meeting National Standards Foundation/ANSI 53 ("NSF/ANSI 53")
certification in a certified device.
The novel formulation invented by HaloSource scientists for
application in gravity-fed devices (such as pitchers) overcomes the
challenge of reducing both colloidal lead and dissolved lead salts
from water, meeting and exceeding NSF/ANSI 53 standards for lead
reduction to below the current acceptable threshold of 10 parts per
billion (ppb). This breakthrough media represents a major step
forward in the application of a cartridge based form for reduction
of lead from household drinking water when deployed in a gravity
fed application (including pitchers, bottles, counter top units,
etc) and the potential to reduce other heavy metals.
The HaloSource solution is unique in the mechanism and cartridge
life, which will be more than double the capacity compared to
competitive gravity pitchers currently certified to reduce lead to
NSF/ANSI 53 standards. This innovation represents the Company's
2(nd) major technology platform joining HaloPure(R), the world's
leading brominated bead media for cartridge-based bacteria and
virus disinfection in a wide variety of devices and
applications.
In summary:
-- Lab-scale media has been tested at Water Quality Association
("WQA") and met the NSF/ANSI 53 standards for pH 8.5 & 6.5 lead
reduction in a representative gravity-fed drinking water device
-- Pilot-scale media has been successfully produced and tested
to the NSF/ANSI 53 standard by a 3(rd) party
-- Samples of the material will ship to several interested
commercial partners by the end of February
James Thompson, acting CEO of HaloSource, commented,
"We are delighted to be progressing toward full-scale production
of an entirely new technology to address the issue of heavy metal
contamination at the household level. The size of the market for
this product is enormous and this innovation will allow us to enter
the North American market, where the problems of lead contamination
at the household level are proving to be far more widespread than
imagined. Flint, Michigan is a particular example of how important
this breakthrough will prove to be as the issues of water
contamination through chemical contamination (primarily lead) grow
steadily worse and consumers look to solutions that can provide a
"final barrier" of protection at the household level. Similarly,
markets such as China and parts of Europe are dealing with water
quality problems and the opportunity for the introduction of this
class-leading technology in these geographies are at least as big
as North America.
We are proud of the innovation created by our team of dedicated
scientists in which we have been able to bring to bear a highly
effective solution at a reasonable cost to a critical category of
contaminants. We will continue to press on further innovation to
provide additional solutions to address the growing problem of
contamination in our most precious resource: clean, safe, good
tasting water".
The residential drinking water purification market in North
America is approximately $2.0 billion today and China, the fifth
largest globally, was estimated to total approximately US$2.5
billion in 2014 and is expected to grow 7-9% CAGR by 2019 (source:
2015 Verify Markets Report). In India, the water purification
segment amounts to over $600 million in total with gravity fed
devices accounting for 45% of new unit sales driven by poor
electrical connectivity and reliability in rural areas and
affordability (source: 2015 Verify Markets).
Enquiries:
HaloSource, Inc.
James Thompson, Acting Chief
Executive Officer +1 425 419 2257
Craig Crowell, Chief Financial
Officer +1 425 419 2248
Liberum Capital (NOMAD and Joint
Broker)
Richard Bootle, Jill Li, Steve
Pearce +44 203 100 2222
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.
HaloPure(R) is a registered trademark 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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