Halosource Inc (LON:HALO) shares shot up 64% this morning on news of a supply agreement. The clean water technology company was in danger of going under last month before it raised funds, but things have been looking up of late. Today’s news concerned a three-year supply agreement with its manufacturing partner Chematek SpA for production of the company's new lead reduction media. That’s “lead” as in Zeppelin (the band was originally called Lead Zeppelin but changed the spelling to ensure the correct pronunciation of the name of a band that The Who’s drummer Keith Moon said would “go down like a lead zeppelin”), not “lead” as in “lead from the front”. Halosource said this media is expected to be the class-leading product for reduction of lead in drinking water for gravity-cartridge applications. It’s about 2,000 years too late for the inhabitants of Ancient Rome but welcome news for the rest of us.
Taxonomy
- Technology
- Clean Tech
- Green Technology
- Lead Reduction