Business
American Premium Water Corp. Ramps Production and Reduces Costs
American Premium Water Corp. Ramps Production and Reduces Costs.
About this update from American Premium Water Corporation
[{"type":"text","content":"\n\n PLAYA VISTA, Calif., April 12, 2018 (GLOBE NEWSWIRE) -- American Premium Water Corporation (OTC Pink:HIPH) (the “Company”) announces that they have entered into a long-term supply agreement with a US-based hydrogen beverage supplier enabling the company to increase and streamline production while reducing cost.\n This agreement gives the Company a manufacturing partner that has the capability to scale. The first order for LALPINA Hydrogen has already been placed and the product will be available for sale across all channels in the next few weeks.  Ryan Fishoff, CEO American Premium Water Corporation, commented: “This supply agreement is a pinnacle step in establishing LALPINA as the market leader in hydrogen energy products. This agreement not only provides us with a stable supply, but it also allows us to manufacture LALPINA Hydrogen domestically, which will significantly reduce shipping costs. It will also significantly reduce lead times, which will allow us to better utilize capital and not have it tied up with in-transit inventory.” Previously, HIPH was sourcing its LALPINA Hydrogen from Japan. The Company will still continue its relationship with this supplier as it eyes expansion into Asia, leveraging HIPH’s Gents subsidiary’s joint-venture in China as a platform for Asian expansion. “In addition to no longer having to ship the product over the Pacific, our new supplier is producing LALPINA in metal cans, which will increase the shelf life of the product by 100%. (90 to 180 days). This will greatly expand the pool of retailers who can now carry our product, expanding our potential reach, maximizing our ability to capture market share and drive revenue growth. The supplier can also produce CBD infused hydrogen and other hydrogen infused products that we are excited about and will be announcing as they become available,” added Mr. Fishoff. HIPH is still on schedule to release LALPINA Hydrogen CBD by the end of June or sooner. The Company has started initial R&D with its new supplier on developing a hydrogen CBD beverage formulated specifically for the pets. The pet market is currently estimated to be a $26 Billion industry according to the market research firm Packaged Facts. “The pet food industry is huge. Being a pet owner myself, I know what pet owners wi...