The U.S. Environmental Protection Agency (EPA) announced approximately $4 million in funding for two universities to research water quality issues...
HaloSource Inc. partners with Perfect Water Purification Mfg. Co. Ltd.
HaloSource Inc. recently announced that it has signed a partnership with China's Perfect Water Purification Manufacturing Co. Ltd., a global supplier of consumer goods.
The partnership marks HaloSource's entry into the direct selling channel for drinking water purification devices in China. Under the terms of the partnership agreement, HaloSource's HaloPure cartridges will be inserted into Perfect's multi-stage purifier to deliver 99.9% reduction of virus and bacteria.
HaloSource has granted Perfect the exclusive right to sell devices powered by HaloPure technology through its direct sales channels in the pressurized water purification segment in China. To maintain this exclusive right, Perfect is required to purchase a minimum of 500,000 units annually, representing approximately $4.5 million of revenue for HaloSource.
The overall market for drinking water devices in China is estimated to be worth more than $2.5 billion annually and growing at more than 20% CAGR, according to a research group Frost & Sullivan.