$HIPH -Deal closed to sell to hospitals & hotels i
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American Premium Water inks strategic investment & distribution agreement
Jul. 21, 2020 10:26 AM ET|About: American Premium Water Co... (HIPH)|By: Khyathi Dalal, SA News Editor
American Premium Water (OTCPK:HIPH +38.9%) entered into an investment and distribution agreement with BioHealth Water, a wholly-owned subsidiary of Singapore eDevelopment.
Through the acquisition of 9.99% of the total issued and paid-up stock capital of HIPH and the exclusive international and non-exclusive domestic distribution rights of products, BioHealth will distribute the former's aerosolized sanitizing machines across hospitals and hotels.
American Premium seeks to develop and launch two new products - Nano Energy Water and Nitrous Oxide Energy Shots - this year using its proprietary Hydro Nano technology.