HaloSource rises on Panasonic deal

21st Aug 2015 11:27

(ShareCast News) - Shares in clean water company HaloSource rose after the company signed a deal with an Indian subsidiary of electronics giant Panasonic.At 1130 BST shares in AIM listed HaloSource were up by 8.22% to 24.35p after the company said Panasonic India Private would use its HaloPure device in its water purifiers.HaloSource did it disclose the financial details of the deal in an announcement to the market.Panasonic's product for low and middle-income consumers in India would use the HaloSource's components which are designed to fit in clay pitchers and do not require electricity.The residential drinking water purification in India was the fifth largest market globally, HaloSource said in its announcement.