New Partnership with Fluidra, S.A.

Released : 08.09.2014 07:00

RNS Number : 0155R
HaloSource Inc
08 September 2014
 

8 September 2014

 

 

HaloSource, Inc.

("HaloSource" or the "Company")

New Partnership with Fluidra, S.A.

HaloSource, Inc. (HAL.LN, HALO.LN), the global clean water technology company traded on London's AIM, is pleased to announce that it has signed a strategic supply agreement with Fluidra, S.A. ("Fluidra"), to accelerate the delivery of HaloSource's enhanced recreational water solutions into the European and Australian pool and spa markets, for an initial term of up to three years. Fluidra is a multinational group listed on the Spanish Stock Exchange which develops applications for the sustainable use of water.  

 

This agreement provides Fluidra with the exclusive rights to distribute certain HaloSource Recreational Water products into specified key European countries, excluding the UK, providing Fluidra meets certain minimum purchase levels over three years. To maintain exclusivity for calendar year 2015, Fluidra must make minimum product purchases from HaloSource worth at least US$200,000 to be shipped by HaloSource by 31 December 2014. To maintain exclusivity for calendar years 2016 and 2017, Fluidra's minimum product purchases are US$400,000 and US$500,000 respectively, to be shipped by HaloSource by 31 December 2015 and by 31 December 2016 respectively.

 

Fluidra is a world leader in the supply and distribution of systems and components for both private and public swimming pools (in ground and above ground pools) and wellness facilities. Fluidra operates in 41 countries by way of 150 branches and production centres located in the main markets. Fluidra products are distributed to more than 170 countries due to an established and extensive sales network and effective marketing reach.

 

Fluidra has provided solutions for professionals and the general public alike for over 40 years and their products are distributed in specialty shops, hardware stores, fitters and large retail premises. Every year over 25,000 professionals use the products distributed by the various brands with which Fluidra operates (AstralPool, Certikin, CTX, Gre, etc.), and 25% of all new swimming pools that are built in the world include some of Fluidra's products. 

 

CEO of HaloSource, Martin Coles, commented:

"We are delighted to have secured a strategic supply agreement with another large and well-respected multinational company such as Fluidra, which further validates our ability to deliver innovative products and technologies.  Fluidra's number one position in the European swimming pools and wellness facilities market, coupled with its world-class global sales and distribution network make it the ideal partner for HaloSource, from which pool and spa owners will benefit.

 

"In addition, our companies shared values around the sustainable use of water provides a firm foundation for building an impactful long-term partnership. We look forward to working closely with Fluidra and developing this important relationship."

 

Marc Pérez, Director Pool & Wellness, Fluidra, added:

"Fluidra is committed to bringing leading and innovative pool and spa products and technologies to our customers in Europe and globally in order to deliver the best solutions in the most effective way. We are pleased to have signed this agreement with HaloSource, which will help ensure that we continue to be the international benchmark for the sustainable use of water."

 


For further information contact:

 

HaloSource, Inc.

via Newgate 

Martin Coles, Chief Executive Officer


James Thompson, Chief Financial Officer




Liberum Capital (NOMAD)

Tel: 0203 100 2222

Simon Atkinson


Richard Bootle




Newgate Communications (Financial PR)

Tel: 020 7680 6550

James Benjamin

halosource@newgatecomms.com

Madeleine Palmstierna


Georgia Lewis


 

Notes to Editors:

 

About HaloSource

HaloSource, Inc. designs solutions that serve people, preserve the planet, and protect our most valuable resource - water. The company works with scientists and industry experts in search of new ways to improve water quality around the globe.  The team of HaloSource chemists, biochemists and microbiologists hold more than 100 patents, giving the company the power to provide proven in market solutions.  The company's mission is to make water better through relentless innovation in the chemistry of water purification, working in partnership with market leaders that have trusted brands, consumer or end-user insights and access to the most effective distribution channels.

 

Founded in Seattle, Washington, HaloSource has grown to become an influential leader in three key sectors: drinking water, recreational water, and environmental water treatment and remediation. HaloPure®, HaloKlear® and SeaKlear® are the distinct brands that optimize the unique chemistry platforms across these primary sectors.  Learn more about these cutting edge technologies by visiting www.HaloSource.com

 

About Fluidra

Fluidra is a multinational group listed on the Spanish Stock Exchange, dedicated to developing applications for sustainable water use.  The company specialises in solutions for water conservation, handling, treatment and enjoyment.

 

Fluidra operates in 41 countries by way of 150 branches and production centres located in the main markets. Fluidra products are distributed to more than 170 countries due to an extensive sales network. The group has some 3,700 employees.

 

Respect for water and its rational use are two concepts at the core of the philosophy of the group. The companies which comprise Fluidra, some of these with 40 years of experience, have grown with this vision, specializing in four business units: water treatment, fluid handling, irrigation and pool/wellness. For more information visit: www.fluidra.com/sites/en/index.html

 


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