Halosource, Inc. Appoints Tamal Chaudhuri Head of its Operations in India

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Bengaluru, January 22, 2016: HaloSource, Inc. (HAL.LN, HALO.LN), the global clean water technology solutions company trading on London’s Alternative Investment Market (“AIM”), today announces the appointment of Tamal Chaudhuri as General Manager, heading up the Company’s Operations in India, where he will be responsible for driving all aspects of the Company’s business in the region.

India is a key geographic region for the Company, where we continue to gain traction in the market where we have had a long-standing relationship with Eureka Forbes and most recently signed our latest supply agreement with Panasonic India Private Limited.

Mr Chaudhuri has 29 years’ experience in senior roles in the consumer durables industry and joins HaloSource from A.O. Smith India Water Products Private Ltd, a leading water heater and purifier company in India and part of A.O. Smith Corporation, one of the world’s leading manufacturers of residential and commercial water heaters and boilers. Mr Chaudhuri spent almost nine years at the group, most recently as Managing Director, where he was central to turning the business around and successfully implemented innovative marketing strategies to transform a nascent brand into the No. 3 position in India. He is the recipient of two ‘Chairman’s Equity’ awards for his work in strengthening A.O. Smith India’s performance and brand presence.

Previously, Mr Chaudhuri held a management role at Merloni Termosanitari India Limited Ltd, one of the largest manufacturers of residential water heaters globally. Prior to this, he worked in the sales department at LML Vespa & Shriam Honda Power Equiptment Limited.

Mr Chaudhuri holds a Bachelor of Science degree in Statistics from Presidency College in Calcutta and completed the ‘Executive Program in Leadership’ at Stanford Graduate Business School, USA.

Commenting on the appointment, Martin Coles, CEO and President of HaloSource, said “This is an exciting time for HaloSource in the rapidly growing water purification market in India, a key market for HaloSource. We continue to build our base of strong industry partners, such as Eureka Forbes and Panasonic, together with a number of other partners who deploy our industry-leading HaloPure technology in their devices and make a difference to the lives of millions every day.

We are pleased to welcome Tamal as head of our operations in India and I look forward to working with him. His deep knowledge, extensive sector expertise, established network and proven track record in delivering value in the region will be invaluable to continue to drive the rapid growth of our business in India.”