7 Apr 2011 16:15
ANNUAL REPORT & NOTICE OF AGM
Seattle, U.S.A. - HaloSource, Inc. ("HaloSource" or "the Company") (HAL.LN, HALO.LN), the clean water and antimicrobial technology company, announces that its Annual Report and Accounts for the year ending 31 December 2010 are now available on the Group's website at www.halosource.com.
HaloSource also announces that its Annual General Meeting (Annual Shareholders Meeting) will be held on April 28, 2011 at 9:30 a.m., pacific daylight time, at the offices of K&L Gates LLP, 925 Fourth Avenue, 29th Floor, Seattle WA.
ENDS
HaloSource James Thompson, CFO Andrew Clews, VP, Marketing and Product Development |
+1 425 974 1993 +1 425 974 1991
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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.