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Supply Agreement. HaloSource, Inc. ("HaloSource" or the "Company") Announces 3 year supply agreement with manufacturing partner for new 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 entered into a supply agreement with its manufacturing partner Chematek SpA for production of the Company's new lead reduction media. This media is expected to be the class-leading product for reduction of lead in drinking water for gravity-cartridge applications and will be capable of meeting National Standards Foundation/ANSI 53 ("NSF/ANSI 53") certification in a certified device. Chematek, a privately-owned specialty chemical trading company based in Milan, Italy, has been a leading name in global chemicals trading and distribution since 1980. Chematek has undergone dynamic growth in recent years, adding commercial business lines including an engineering contracting, manufacturing and consultancy unit in the field of industrial and municipal water treatment. The company is quickly establishing itself as a powerful player on the international stage having built and established a network of offices, agents and associates throughout Italy, Europe, Asia and Central America, facilitating its multifarious activities. In-house facilities and strategic alliances with top raw material and intermediate manufacturers around the world allows its customer base access to a wide spectrum of value-add solutions. The 3-year supply agreement provides Chematek with exclusive manufacturing rights for HaloSource's proprietary lead reduction media and outlines the manufacturing specifications, quality requirements and specific requirements ensuring the protection of the company's intellectual property. Commercial-level production of the media is expected to begin in Q4 2017. The novel lead reduction media invented by HaloSource scientists for application in gravity-fed devices (such as pitchers and bottles) 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 and counter top units) and also has the potential to reduce other heavy metals in drinking water.
I was going to buy in again too at that level.....I'm in at 2.6...haven't been the slightest bit concerned about the recent drop. This moves up fast on very little volume so you have to expect in same in reverse. This company is now getting it together and it's products look great - I want to buy them myself actually.
This is looking a lot better long term, I was hoping to top up at 1p ah well stick with what I have
Thanks mate. The company need to get this product more mainstream. I appreciate they have targeted areas with poor water quality however the water market is a lucrative one in everyday use such as people who go to gyms etc. If the product is as good as they say it is then marketing this should be easy. My concern is that is becomes another CTAG (I appreciate the differences). I accumulated last week and I put another £9.5k in today so I'm taking the chance that this is going to be a winner.
Finally came though Pearo.....nice one........took a while to report. This company could well have turned the corner......another contract soon.....who knows.....if the product does the job (which it does).....more sales could follow IMO Worth a punt anyway.
That's if it even gets reported lol
£9k buy about to go through. Bet it's reported as a sell
Well obviously worth enough for them to raise the MCAP to 8 million.
Why is it a joke Its well overvalued based on the contract information $10m over 3 years, no clarifcation on estimated profit from this. was going under few weeks ago
Wow what a joke this is. Dropping this much. Several sells and it drops.
one day rodders
Expect over 3p Monday and onwards.. Always difficult to buy
*Never = Neither
NOT....lol It's basically the Market Makers calling 'time out' - take five - although its triggered electronically - to get the 'books' in order so to speak. Never good or bad.
LOL
Do anyone know what this actually means? good or bad.
Google feeds are not right. London Stock Exchange are updating their feeds just now. Google finance amongst others use that same feed. This site uses something different.
True and sensible post, this can rise quickly and drop just as quickly.. Short number of shares available and momentum at the moment but can change
Just be cautious if you are one of those that invest based on info gleaned from any board. I've seen people chase sp rises, hoping to make some quick cash. 69% would be considered a boom by anyone's opinion, so it may well be this is it for the day, lest you be one of those investors that instantly becomes a long term holder as the sp recedes further. I could be being overly cautious, but this happens almost everyday and a lot of investors end up locked in. I'm not invested here, or have any intentions to do so, just offering my opinion, as I would like to see people make money, not lose it
To collect shares and then BOOOOMM. over 3p easy today. Volume building
Was this RNS'ed
Now fast
MCAP is 6 mil.
thought mcap was £6m not £65m?
great rise