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Strix Group PLC (KETL)

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Monday 18 January, 2021

Strix Group PLC

Update on the HaloPure Technology

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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