Water tech firm H2Ozone in €15m new product launch
H2Ozone has set its sights on revenues of €5m a year
Irish water tech company H2Ozone expects to hit €5m a year in sales within the next three years following the launch of two new chemical-free treatment devices.
The Wicklow-based business has invested €15m in the development of RainSafe and AgriSafe, which provide clean drinking water in domestic and farming scenarios. H2Ozone will sell around 200 units this year, but has pinned the bulk of its expansion on its agricultural solution.
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H2Ozone business development manager Sean Lynam said that the results of an early clinical trial at the University of Bristol demonstrated the "potential of our product for animal health".
"In a controlled environment, birds provided with water from AgriSafe were 10pc heavier with an enormous reduction in the level of intestinal infection," he told the Sunday Independent.
"When we first introduced the AgriSafe in 2017 we knew we had a transformative technology for animal health, but we needed to trial the machine in different sectors.
"Field trials are expensive, but proved an essential learning curve for us and while we did have positive results with both dairy cows and pig trials, it is in the poultry sector that the benefits of the AgriSafe came into their own."
Lynam said the tests showed reductions in mortality among the birds as well as a sizeable drop in the level of antibiotics used in poultry production.
The H2Ozone manager said the business was well-placed to capitalise on growing demand for chicken meat. The OECD has tipped poultry consumption to top 133 million tonnes by 2024, up significantly on the 111 million tonnes in 2015.
"There is an increasing consumer awareness on issues of animal welfare and antibiotics overuse in the food chain," Lynam said. "Poultry farmers and major food-producing groups are increasingly aware of the growing threat of antimicrobial resistance and how it threatens their business. Also, the EU has moved to ban the practice of preventive use of antibiotics in farming."
Lynam also said the products help reduce the level of plastic waste on farms, which can help significantly reduce a farmer's footprint.
"Right now, H2Ozone are focusing the next phase of the roll-out of the AgriSafe in the UK and France though their distributors Grant Water in the UK, CWT Preval in France and global distribution partner Xylem," Lynam said. "We anticipate sales of 500 units in these two markets alone in 2020."
The company's domestic water treatment solution, RainSafe, has been focused on the Belgian market to date but the company has shipped to more than 10 countries so far. "We see the biggest growth for the RainSafe over the next 12 months will be with the water utility companies in the UK. We currently have RainSafe in evaluation with Scottish Water," added Lynam.
Sunday Indo Business