HaloSource goes public with Auburn University technology
from Auburn University via Water Online
HaloSource Inc., the clean water and antimicrobial technology company with origins based on a revolutionary biocidal technology developed at Auburn University, has completed an initial public offering on London's AIM stock exchange. The company raised approximately $80 million before expenses, $50 million of which was put toward the company's business expansion efforts and $30 million for select selling shareholders. HaloSource was formed in 1997 by microbiologist Jeff Williams in collaboration with Auburn Professor Dave Worley. Worley developed the core biocidal technology that Seattle-based HaloSource has commercialized.
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