Hydro-Photon, Inc. (HPI) has received an equity investment from Asahi Kasei Corporation (AK) of Tokyo, Japan. Hydro-Photon, Inc. manufactures and distributes SteriPEN ultraviolet (UV) handheld water purifiers. AK is a global leader in production of chemicals, fibers, construction materials, pharmaceuticals, and electronic devices.
“The AK investment is earmarked for increasing sales, new business development, and development of ‘cutting-edge’ products. Moving forward HPI will provide additional support for our retail partners by creating more exposure and brand awareness in our key markets.” said HPI President Neil MacKay. “Additionally, with AK we will evaluate and pursue opportunities in new and growing markets.”
“We’re taking a close look at needs in the portable water treatment market. Our development team is excited about meeting those needs by incorporating new game-changing technology into future products,” said Miles Maiden. “This is going to be an exciting space.”
“AK’s investment demonstrates our enthusiasm for the SteriPEN product line and our confidence in the ability of the HPI team to continue development of innovative products.” said Steven Berger, Director of New Business Development for Asahi Kasei America. “We look forward to helping define what comes next in UV water purification technology.”
