| FOR IMMEDIATE RELEASE
Contacts:
James Thompson – (425) 974-1993
HaloSource Chief Financial Officer
jthompson@halosource.com
Candy Young – (425) 869-8333
for HaloSource
candy@synchrocreative.com
Seán Bellew – 011 44 (0)7973 234040
s.bellew@cbg.uk.com
JULY 30, 2007
Bothell, Wash. — Masdar, through the Masdar Clean Tech Fund LP (“CTF”) —a global $250M clean-technology investment vehicle, has made a $15M investment in HaloSource, an antimicrobial and clean technology solutions company, to accelerate expansion of HaloSource’s drinking water business in developing world markets. Masdar is an initiative of the Government of Abu Dhabi undertaken by the Abu Dhabi Future Energy Company (“ADFEC”), a private joint stock company established and wholly-owned by Mubadala Development Company. Other investors in the Masdar CTF include Credit Suisse, one of the world's leading banks headquartered in Zurich, Switzerland, London-based Consensus Business Group’s affiliated company, Cleantech International Limited, and Siemens Venture Capital, the venture arm of Siemens AG.
HaloSource’s patented antimicrobial technologies focus on water purification and water clarification. The company currently operates in three water segments—drinking water, storm/industrial water and recreational water. In the drinking water segment, HaloSource operates a subsidiary company in Bangalore, India and is currently setting up operations in China near Shanghai. “The markets for our HaloPure drinking water solutions are vast including most of Asia, Africa, and Latin America, and we are currently working with a number of partners in these regions that provide us with the necessary market access and distribution,” said John Kaestle, president and CEO. “With the addition of Masdar to our investor base we now have improved access to markets in the Middle East and the financial resources to fully execute our drinking water expansion strategy and take the company to the next level.”
Masdar is Abu Dhabi's multi-billion dollar, multi-faceted response to the need for a global focus on the development of advanced energies and sustainability-related technologies. It is designed to ensure, in the long-term, that Abu Dhabi retains, and even grows, its share of the global energy market. Masdar focuses on the development and commercialization of technologies in renewable energy, energy efficiency, carbon management and monetization, water usage and desalination.
“HaloSource has successfully commercialized technologies in existing water-related markets and needs additional capital to tackle the very large and growing market for drinking water purification technologies,” said Jennifer Wick, Chief Investment Officer of Consensus Business Group. “We are excited to have found such an innovative company with game-changing technologies at this stage of expansion, and we look forward to working with, and supporting, the company’s leadership in scaling the business.”
About HaloSource
HaloSource antimicrobial and clean technology solutions reliably and effectively provide clean water and control germs. HaloSource offers the most effective, tested and proven solutions in the product categories of clean water and infection control. HaloSource brands include HaloPure water purification products that kill disease-causing bacteria and viruses and remove impurities for safe, pure drinking water, HaloShield textile and surface coating solutions that harness the antimicrobial power of chlorine, SeaKlear water treatments to maintain clean and clear water in pools and spas, and StormKlear natural erosion and sediment control for treating and decontaminating storm and waste water. In addition to Masdar, HaloSource investors include Alexander Hutton Venture Partners; Buerk Dale Victor LLC; Britannia Holdings Ltd.; Unilever Technology Ventures and Mars, Inc.
More information is available at www.halosource.com.
About Masdar and the Abu Dhabi Future Energy Company
The Abu Dhabi Future Energy Company (ADFEC) is Abu Dhabi’s vision and investment in the future of energy and environmental sustainability—a private joint stock company established and wholly-owned by Mubadala Development Company. ADFEC drives the Masdar Initiative, a multi-billion dollar, multi-faceted response to the need for a global focus on the development of advanced energies and sustainability-related technologies.
Masdar is designed to ensure that Abu Dhabi grows its share of the global energy market by fostering the development and commercialization of advanced and innovative technologies in renewable, alternative and sustainable energies for a cleaner, safer environment and future.
Masdar has partnered with the world’s most prominent companies, educational institutions and investment firms to lead and advance a global strategy of international knowledge and capability to change the way the world understands energy and create a historic, global shift to new energy sources and sustainable resource utilization.
Masdar is comprised of six strategically designed and focused units:
MASDAR INSTITUTE OF SCIENCE AND TECHNOLOGY – in partnership with the MIT, will offer Masters and PhD programs in science and engineering focused on advanced energy and sustainable technologies.
MASDAR RESEARCH NETWORK – a unique collaborative network of world-class scientists and post-doctoral researchers linking the MASDAR Institute and seven leading global scientific research institutions in three continents.
INNOVATION & INVESTMENT – the investment and commercialization vehicle for advanced energy and sustainability technologies.
SPECIAL PROJECTS – develops capital-intensive projects including large-scale manufacturing and deployment of new energy technologies and systems.
CARBON MANAGEMENT – spearheads the development of multi-sector greenhouse gas reduction projects.
MASDAR ZONE DEVELOPMENT – a unique, integrated “Green Community” in the heart of Abu Dhabi hosting Masdar and a carefully selected pool of international tenants who will invest, develop, and commercialize advanced energy technologies.
More information is available at www.masdar.ae.
About Consensus Business Group
The Consensus Business Group provides advisory services on numerous assets, investments and business opportunities to the trustees of a family trust which is its ultimate beneficial owner.
Consensus covers all aspects of advice from the identification of strategic areas of business; the acquisition, financing (including structured and complex financing) and development of specific opportunities; long-term business development and growth; management techniques and incentivisation; and through to the realization of benefits for all stakeholders.
Consensus Business Group recommends investment opportunities in a broad range of synergistic activities. The core business includes the acquisition, management and development of commercial and residential real estate and a substantial investment portfolio focused on new technologies and technology start-ups. Consensus also actively recommends investments in renewable energy and sustainable development.
More information is available at www.consensusbusiness.com. |
