8th Sep 2014 08:31
LONDON (Alliance News) - HaloSource Inc said Monday that it has signed a strategic supply agreement with Fluidra S.A. to speed up delivery of HaloSource's recreational water services in European and Australian pool and spa markets for up to three years.
The AIM-listed global clean water technology company said the deal gives Fluidra 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.
In order to maintain exclusivity for calendar year 2015, Fluidra must make minimum product purchases from HaloSource worth at least USD200,000 to be shipped by HaloSource by December 31, 2014. To maintain exclusivity for calendar years 2016 and 2017, Fluidra's minimum product purchases are USD400,000 and USD500,000, respectively, to be shipped by HaloSource by December 31, 2015 and by December 31, 2016, respectively, said HaloSource.
Fluidra is a multinational group listed on the Spanish Stock Exchange which develops applications for the sustainable use of water. The company operates in 41 countries by way of 150 branches and production centres located in the main markets.
Shares in HaloSource were Monday trading 1.57% lower at 6.28 pence per share.
By Alice Attwood; [email protected]; @AliceAtAlliance
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