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Board Appointment

25 Jul 2011 07:00

RNS Number : 9435K
HaloSource Inc
25 July 2011
 



HALOSOURCE ANNOUNCES THE APPOINTMENT OF MARTIN COLES

TO its BOARD

Seattle, U.S.A. - HaloSource, Inc. ("HaloSource" or "the Company") (HAL.LN, HALO.LN) the clean water and antimicrobial technology company, is pleased to announce the appointment of Martin Coles to the HaloSource Board as Executive Deputy Chairman, effective today. Additive to his Board responsibilities, Martin will be responsible for advising the CEO on business strategy and sales and marketing initiatives.

 

Martin has held senior roles and board positions in leading international blue-chip companies spanning a wide variety of sectors including consumer industries, technology and sport. He has over 30 years of significant business experience, including consultancy and advisory work on corporate strategy, and brings senior board experience to HaloSource as a Director and member of the Board's compensation committee.

 

Martin, aged 56, joins the company from Starbucks, where he served as President of Starbucks Coffee International and COO of Starbucks Coffee Company, responsible for 17,000 stores globally across 51 countries. He previously served as President and CEO of Reebok, was a Director Levi Strauss and Co. and has held senior management positions at Nike and Pepsi Cola Bottling. Martin began his career at Procter and Gamble.

 

Martin holds a BSc (hons) in Biochemistry from the University of Wales in Swansea, UK. He is a former chair of the Advisory Board for the University of Washington International Business School and is a member of the Advisory Board for Seattle University International Business School.

 

Commenting on the appointment, John Kaestle, Chief Executive of HaloSource, said: "We are delighted to welcome Martin to the HaloSource Board. He is a seasoned business professional with extensive corporate knowledge and insight, and we look forward to working with him in the next phase of HaloSource's development."

 

Martin Coles said: "I am thrilled to join the HaloSource team - the company is fast establishing itself as the leading clean water technology destination with tremendous growth potential worldwide. I look forward to working closely with John and his team to help achieve this."

 

The Company has confirmed that there is no further information to be disclosed in accordance with the requirements of Schedule 2(g) of the AIM Rules.

 

ENDS

HaloSource

James Thompson, CFO& Executive Director

Andrew Clews, VP, Marketing and Product Development

 

+1 425 974 1993

+1 425 974 1991

 

 

Brunswick Group

Justine McIlroy/Patrick Handley

Elizabeth Adams/Dania Saidam

+44 207 404 5959

Liberum Capital (NOMAD)

Simon Atkinson/Richard Bootle

 

 

+44 203 100 2222

Notes to Editors

About HaloSource

HaloSource is a clean water technology company, headquartered in Seattle, US with operations in India and China. It is focused on the provision of cleaner, clearer and safer water using its proprietary N-halamine bead technology to clean and purify water, killing bacteria and viruses that may cause disease.

 

HaloPure® provides safer drinking water. In 2009, it became the first new drinking water technology in 30 years to be granted both Manufacture-For-Use and Device registrations by the United States Environmental Protection Agency (USEPA), which is widely recognized as having the world's most stringent performance requirements for water purification. HaloPure is a unique contact biocide technology that is proven to attack and kill a wide range of harmful micro-organisms and is approved for long-term use in a variety of markets, including the United States.

 

SeaKlear and StormKlear products use a second technology based on natural bio-polymers to provide water clarification and antimicrobial applications for treating recreational and environmental water; and HaloShield facilitates the binding of chlorine-based bleach to textiles such as sheets, lab coats and towels. www.halosource.com

 

 

About HaloSource's Markets

HaloPure products are principally targeted at consumers in emerging market countries, where access to safe drinking water is particularly poor. In an independent analysis of the global Point of Use drinking water device market carried out in 2005, Frost and Sullivan concluded that:

 

·; the market for residential water treatment equipment in China was estimated at $960 million in 2005, growing at an annual rate of 20.4 per cent between 2004 and 2011;

 

·; the market for residential drinking water devices in India was estimated at $425 million in 2009, and experiencing growth of approximately 25 per cent annually; and

 

·; In 2005 the global markets for filtration formats in the form of under-the-sink, counter top and replacement cartridges were growing annually at 20 per cent, 21 per cent and 18 per cent, respectively.

 

The World Health Organisation has estimated that 1.1 billion people lack access to safe drinking water and the Centre for Disease Control is recommending Point Of Use filtration and disinfection.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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