Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Huge news.
RNS Number : 4944R HaloSource Inc 22 September 2017 22 September 2017 HaloSource, Inc. ("HaloSource" or the "Company") SEVEN STEP ECOTECH SELECTS HALOPURE® TECHNOLOGY FOR NEW LINE OF FUNCTIONALIZED WATER BOTTLES HaloSource Inc. (HAL.LN, HALO.LN), the global clean water technology company traded on London's AIM, announces today it has reached agreement to partner with Seven Step Ecotech Co. Ltd. ("Seven Step") to launch a new line of purifying water bottles for the Asian market. These devices will be powered by HaloSource's class-leading HaloPure® disinfection technology. As a division of Xiamen HONTAY Plastic Industrial Co. Ltd, Seven Step has access to a mature distribution channel in China and Southeast Asia for Hontay's "non-functionalized" (eg. non-filtering or purifying) bottles and pitchers and believes there is a significant potential for functionalizing bottles and pitchers with filters that can make water safe to drink. To capitalize on this opportunity, Hontay launched a new brand called "Seven Step" which will build upon its solid foundation and experience selling bottles in the Asian markets. The company plans to initially leverage its distribution channels in India and Indonesia, and plans to expand into China, SE Asia and the Middle East over the coming years. James Thompson, CEO of HaloSource, commented: "This is a significant deal and illustrates the movement from traditional bottles and pitchers to functionalized devices (making potable water safe) by housewares companies to fully differentiate offerings in the marketplace. This agreement demonstrates the desire of traditional hydration companies to avoid commoditization and create a more defensible recurring revenue stream with the addition of filtering cartridges. We are excited to be working with Hontay, a leading Chinese company with a strong reputation as they launch this new line-up of hydration products under the Seven Step brand. We too believe in the opportunity in the hydration segment and this deal with Hontay reaffirms the market's confidence in our HaloPure® disinfection technology as the best-in-class option for providing safe water in gravity, point-of-use devices." Mr. LiTai Zhang, President of Seven Step, commented: "We spent a great deal of time evaluating the technologies available to functionalize our offerings and found HaloPure® to be unmatched in performance, flexibility and regulatory certifications. We look forward to a long and fruitful partnership in exploiting this opportunity that we jointly believe to be significant."
The RNS is being published to this ticker now (HALO) according to Vox Markets. So, LSE, could you please post it here please.
11/09/2017 7:00am UK Regulatory (RNS & others) Halosource Di (LSE:HALO) Intraday Stock Chart Today : Monday 11 September 2017 TIDMHAL TIDMHALO RNS Number : 3005Q HaloSource Inc 11 September 2017 11 September 2017 HaloSource, Inc. ("HaloSource" or the "Company") Interim results for the six months ended 30 June 2017 HaloSource, Inc. (HAL.LN, HALO.LN), the global clean water technology company trading on London Stock Exchange's AIM market, today announces its interim results for the six months ended 30 June 2017. Highlights -- Revenue from continuing operations of $0.9 million (H1 2016: $1.4 million) -- Net cash used in operating activities reduced by 58% to $2.1 million (H1 2016: $5.0 million) -- Reduced operating expenses from continuing operations by 38% to $3.2 million (H1 2016: $5.2 million), expected to decrease further in H2 2017 -- Net loss reduced by 29% to $3.2 million (H1 2016: $4.5 million) -- Net cash and short-term investments at period end of $2.1 million ($2.1 million as at 31 December 2016) James Thompson, CEO of HaloSource, said: "We are very pleased with the progress we have made with our newly executed all Drinking Water business strategy. We generated over 30% revenue growth over H2 2016, our first half year period since exiting our other water related businesses. We made significant announcements in the area of lead-removal (our manufacturing scale-up deal with Chematek, SpA), restructured our supply-chain (exiting manufacturing in India) and signed a brand new e-commerce distribution partner in China (JiuBan). HaloSource today is a very different business than just one year ago. We are no longer distracted by the non-core commercial activities of our former Environmental Water and Recreational Water businesses. This focus, along with the continued development of a new, proprietary heavy-metal removal offering, will fuel our growth and future profitability. With the expected addition of lead and arsenic reduction to our existing bacteria and virus disinfection technology we expect to cover a much larger segment of the global drinking water contamination landscape. This expanded technology offering not only provides us more to offer new and existing customers in Asia and Latin America, but also enables us to move into the largest markets for drinking water devices; the United States and Europe. On the product side, in addition to continuing to offer our technologies on an OEM basis, we also are now offering our own astrea(TM) branded line of hydration products (bottles and pitchers); one of the fastest growing segments in the global housewares market. As evidenced by our recently signed distribution deal with JiuBan in China, the market for hydration products is accelerating. We also believe we will expand our gross margins with these types of deals, reflecting products developed with world-class technologies combined with world-class regu
Running out of funds . Again ...
Does anyone know the reason for the sudden fall in the share price this afternoon.There hasn't been an RNS announcement since 23rd July and there have been no big sells so why the sudden fall.
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® 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.
vauch ,the recent trading update predicts a loss of $3.5m to $4.5m for 2017. This is likely to flatline for some time but presents an excellent opportunity to load up. jmo
Now the have millions income, what are the chances of an actual profit for a change in 2017 Don't suppose we will know until 2018
Everyone disappears and loses interest and it drops on s*d all trades. Is the problem and drop because even with revenue in the million of $'s they'll still be losing millions of $'s
I am happy to report, lol, that the alerts work, as I received the following at 7.07am HaloSource has published the following stock exchange announcement: 20.07.2017 Trading Update To read the announcement, go to: http://ir.halosource.com/news-events/regulatory-news.aspx Go to http://ir.halosource.com/ir-contacts/alerts to sign up.
20 July 2017 HaloSource, Inc. ("HaloSource" or the "Company") TRADING UPDATE HaloSource Inc. (HAL.LN, HALO.LN), the global clean water technology company traded on London Stock Exchange's AIM market, today announces a trading update for the six-month period ended 30 June 2017. Total revenues from continuing operations for the period ended 30 June 2017 are expected to be $0.9 million (H1 2016: $1.4 million, H2 2016: $0.7 million). Revenue during the period came primarily from established customers including Perfect, Lonsid, Midea, and Pentair. As previously announced, in H1 2017 the Company completed successful NSF testing of its lead-removal media, raised $2.2M of additional financing (from new and existing investors) and signed a 5-year e-commerce distribution agreement with JiuBan in China. The Company continues to make significant reductions in its operating expenses and expects them to be reduced in H1 2017 by more than 30% as compared to H1 2016. Given the Company's focus on reaching cashflow breakeven, management expects to continue to reduce operating expenses in H2 2017. Net cash as at 30 June 2017 is expected to be $2.1 million. The Company expects that for the year ended 31 December 2017 revenue from continuing operations will be between $4 million and $5 million, operating expenses will be between $5.5 million and $6 million and the net loss will be between $3.5 million and $4.5 million. James Thompson, CEO of HaloSource, commented: "We are very pleased with the progress we have made with our newly executed all-drinking water business strategy. We grew revenues almost 30% over 2H 2016, reflecting the continued interest by our customers in our technologies, and we expect to see continued growth going-forward. Additionally, we made significant announcements in the area of lead-removal and a brand new e-commerce distribution partner in China. New products and new distribution will drive continued top-line growth in a market that continues to grow at double digit rates. Customer concentration is always an issue with emerging technology companies and historically we have experienced revenue shortfalls as a result. With new distribution agreements like Jiuban, where their exclusivity in the e-commerce channel is maintained with the purchase of $10 million worth of products over the initial 3-year period of the agreement, we believe we can start to diversify our customer concentration risk. This deal is the first of its kind for the Company; directly selling a branded line of bottles and pitchers marketed under HaloSource's new astreaTM brand (www.astreawater.com) via an established e-commerce partner. We expect to do more of these types of distribution agreements going forward, where we extract more value from our portfolio of best-in-class technologies."
Thnaks Rightback and Coot. I will do it tonight at home.
Sam Sign up for ADVFN its free and you can set up a RNS email alert.
In general, no. I use the Vox Markets App as mentioned earlier. But if you want an email from Halosourse directly you could sign up here http://ir.halosource.com/ir-contacts/alerts I have just done so - so I let you know with the next RNS how quick it is :-)
Appart from LSE and LondondStockexchange website, has someone got another webiste where we can check RNS? Also, is it possible to registered for RNS. That mean when any RNS is out, an email is sent to you. Thnaks in advance guys
coot , thanks , ,some taking profits after todays s p move up after rns ,others who may have read rns may now be researching halo
Certainly feels that way. Once they develop and get the lead filter to market - they have the sales channel - this won't take long to be in double digits.
This is a multibagger from here surely
I have been in comms with these guys. I'll feed this back.
* in this.... cautioussid - I find the easiest way to keep on top of RNS's is to download the 'Vox Market App' to your phone and load up all your shares to it - get woken up to RNS's at 7am onwards (if your lucky to still be in bed at this time of day lol)
coot ,thanks for posting that information ,will look at HAL from now on to check for rns ,atb
Well apart from the fact of LSE not getting it's act together on many occasions for posting RNS's to the boards they are not guilty if this particular instance. HALOSOURCE is peculiar in that it has two tickers HALO and HAL and, for reasons unbeknownst to me, they post their RNS's to the later.
coot ,thanks for posting ,am i correct in thinking this rns was released Today , disappointed to only find it now like the potential here ,not seeing it showing in rns at this board ,a share buy of mine last week at glr Ihave not seen posted yet ,other poster there posting of trades not showing ,with potential for news there in days , like investing in a share that has news like seen with Todays rns here at halo
cont......... James Thompson, CEO of HaloSource, commented, "We are very excited to announce this supply agreement with Chematek as it will solidify our ability to supply the media via a trusted global manufacturing partner with the ability to produce in multiple regions around the world including Asia, Europe and N. America. We look forward to the commercial release of this media later this year for inclusion into our OEM partner's devices as well as in our own filtration products launching under the astreaTM brand." Dr. Giovanni Papandrea, CEO of Chematek, commented, 'We are delighted to be the exclusive manufacturer and supplier of HaloSource's novel lead reduction media. We are passionate in maximising water purity and limiting environmental impact through decreasing usage of plastic bottles. We believe that HaloSource's cartridge based solution firmly addresses both these issues and we look forward to a long and fruitful partnership."