The coronavirus outbreak (COVID-19) has helped certain industries in the market to increase their online sales throughout the world.
Hygiene products such as antibacterial gel and cleansers have had a positive impact on sales, compared to 2019, when online orders for cleaning and medical products ranked last. The sales growth of cleaning products is the most noticeable, however. Sales of aerosol disinfectants increased 385.3% year on year.
Fours months ago, American Premium Water Corp (OTC: HIPH) announced that it has developed a prototype device that aerosolizes a mixture of the Company’s proprietary Hydro-Nano water and disinfectant agents. This prototype device is currently in the developmental phase; extensive research, environmental, and laboratory testing will be required to be completed before the device and Hydro-Nano water mixture can be commercialized. The Company previously published results in April 2019 on the efficacy of its Hydro Nano technology. The report showed that the synthesis in the Company’s Hydro Nano water reduces the size of the majority of the CBD molecules encapsulated to one nanometer or less in diameter. A full copy of the report can be found here.
The Hydro-Nano water used in the prototype does not contain CBD or any hemp material. The prototype device, which aerosolizes a mixture of Hydro Nano water with disinfecting agents. The Company hypothesizes that the Hydro Nano water will have the same effect on the added sterilizing agents as it does with CBD, shrinking the size of the particles to less than one nanometer in size, which will lead to a more effective sterilizing solution by creating a cloud that will disinfect contact surfaces, and potentially the atmosphere in a room or building. To date, there has not been any testing done by the Company to support or make any claims of sterilization or disinfectant potency about this device or the contents contained in it.
The company recently announced that it has entered into an investment and distribution agreement with BioHealth Water Inc. (“BioHealth Water”), a newly formed wholly owned subsidiary of Singapore eDevelopment Limited (SGX:40V). BioHealth Water has acquired 9.99% of the total issued and paid-up stock capital of the Company, as well as both exclusive international distribution rights and non-exclusive domestic distribution rights for the Company’s products. BioHealth Water will focus on distributing the Company’s aerosolized sanitizing machines throughout hospitals and hotels, as well as focusing on distributing to businesses affected by the pandemic. The Company will also develop and launch two new products using its proprietary Hydro Nano technology.
Ryan Fishoff, CEO of American Premium Water, commented, “I am excited to announce the investment and partnership agreement with BioHealth Water. This is a monumental deal for the company, as it solidifies the beginning of a partnership for American Premium Water that will execute many of the strategic initiatives that I established at the beginning of the year. I have always believed that our proprietary Hydro Nano technology is a unique and undervalued asset that the company possesses, and I believe that this transaction validates the power of this technology.”
Chan Heng Fai, Chairman and CEO of Singapore eDevelopment, commented, “I am very excited to partner with American Premium Water and its management team. American Premium Water has extraordinary technology that can create products with real impact. I look forward to working with Ryan and his team to create many new products utilizing their technology to be sold across our HWH global distribution network (www.hwhworld.com). Right away I see a lot of opportunity with the sanitizing machine. There are so many small businesses that need a product to help bring back a sense of normalcy, especially to restaurants, stores, and other retail-based businesses. This agreement is the start of what I foresee to be a very prosperous relationship. I see a lot of potential growth for American Premium Water, and I believe with the help of our team we can make this another successful turnaround like other companies in which we have invested.”