Hiru Corporation (OTCMKTS:HIRU) and AZ Custom Bottled Water, its wholly-owned subsidiary, is delighted to announce that it has finished building its new premises which houses the new automated bottling and packaging line of the company.
The company’s Chief Executive Officer and President, Ms. Kathryn Gavin, said that AZ Custom Bottled Water finished building its new facility that’ll house state-of-the-art automated packaging and bottling equipment. This new facility was building according to the requirements of the Alkaline Water Company, which is the company’s new client.
The company has executed a 3-year packaging contract with AZ Custom Water and Alkaline Water. The parties to the agreement will initially provide three and two Liter Alkaline88 bottles, which will be used in the new packaging and bottling equipment. The Alkaline Water Company is the one responsible for developing Alkaline88. This a purified alkaline water product with a Himalayan rock salt enhancement that helps provide a delicious and smooth taste. The product comes in different sized bottles, from 500ml to one gallon.
Market Reaction:
On Wednesday, HIRU stock decreased 14% at $0.0128 with more than 29.28 million shares, compared to its average volume of 13.91 million shares. The stock has moved within a range of $0.0122 – 0.0147 after opening the trade at $0.0145.
