RCS - Strix Group PLC - Update on the HaloPure Technology

StrixAnnouncement

18/01/2021 07:00

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RNS Number : 9358L  Strix Group PLC  18 January 2021

18 January 2021

Strix Group Plc

 

("Strix", the "Group" or the "Company")

 

Update on the HaloPure Technology

 

Strix Group Plc (AIM:KETL), the AIM quoted global leader in the design,
manufacture and supply of kettle safety controls and other complementary water
temperature management components, is pleased to announce that it has signed a
contract with Chia Tai Group, one of most specialised and well-known livestock
company's operating in China, to adopt its HaloPure technology at one of its
pig farms in the People's Republic of China ("PRC") which can farm 2800 sow
pigs.

 

The HaloPure technology has a unique ability to not only treat raw incoming
water, but also maintain an ongoing sanitised environment throughout the water
line. This application is designed for industries reliant on long distance
water lines with significant bacteria contamination such as livestock
farming.

 

Strix's HaloPure technology was selected for its water purification and
disinfection solution technologies to prevent the spread of African swine
fever virus ("ASFV"). HaloPure technology is increasingly well recognized by
the market and is likely to result in significant further business
opportunities in the future. Tests on ASFV were conducted by a national
government certified P3 laboratory proving that HaloPure can effectively kill
the ASFV virus for raw water and waterline. Strix will install the full system
by end of January 2021.

 

Additionally, this technology has also been identified for use in numerous
other healthcare and dentistry applications. 35 hospitals in China have
indicated they are adopting this technology for dental services and 28
hospitals for rinse water, with sales expected within 2021. The HaloPure
technology is well positioned to respond to the anticipated policy change in
the PRC which will require regulated water for use in all livestock farms,
hospitals and clinics.

 

The HaloPure technology is being developed in a number of Strix's new
applications. Strix were able to use this technology during the COVID-19
pandemic to create a disinfection facility at the Guangzhou factory,
eliminating potential viruses or bacteria on the clothes of employees entering
its factories, creating a safe and healthy working environment during the
pandemic.

 

Mark Bartlett, CEO of Strix Group Plc, commented:

 

"In line with the strategy set-out at the Capital Markets Day in November,
Strix continues to invest in compelling growth opportunities within the water
category and remains focussed on capturing the medium-term benefit by entering
into commercial agreements which will drive future profitability.

 

The Strix HaloPure technology represents a highly attractive proposition for
industries that require a water purification and disinfection solution and we
are delighted with the continued progress being made following the successful
implementation into the pig and chicken farming industry and the dental market
in China. We look forward to updating the market on further developments of
the success of this technology in due course."

 For further enquiries, please contact:

 Strix Group Plc                                                  +44 (0) 1624 829829
 Mark Bartlett, CEO
 Raudres Wong, CFO

 Zeus Capital Limited (Nominated Advisor and Joint Broker)        +44 (0) 20 3829 5000
 Nick Cowles / Jamie Peel / Jordan Warburton (Corporate Finance)

 Stifel Nicolaus Europe Limited (Joint Broker)                    +44 (0) 20 7710 7600
 Matthew Blawat / Francis North

 IFC Advisory Limited (Financial PR and IR)                       +44 (0) 20 3934 6630
 Graham Herring / Tim Metcalfe / Florence Chandler

 

ABOUT STRIX GROUP PLC

Isle of Man based Strix, is a global leader in the design, manufacture and
supply of kettle safety controls and other components and devices involving
water heating and temperature control, steam management and water filtration.

Strix's core product range comprises a variety of safety controls for small
domestic appliances, primarily kettles. Kettle safety controls require
precision engineering and intricate knowledge of material properties in order
to repeatedly function correctly. Strix has built up market leading capability
and know-how in this field since being founded in 1982.

Strix is admitted to trading on the Alternative Investment Market of the
London Stock Exchange (AIM: KETL).

 

 

 

 

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