NEW YORK, Aug. 9, 2016 /PRNewswire/ -- SurePure, Inc. (OTCQB: SURP), a global leader in liquid photopurification, announced today that the Company has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 with the U.S. Securities and Exchange Commission (SEC).
SurePure reported revenues of approximately $1,295,000 for the three months ended June 30, 2015, resulting in revenues of approximately $6,700,000 since inception. Losses for the three months were approximately $ 61,000
During the first half of 2016 validation projects in conjunction with a major brewer and a major carbonated soft drink brand have been a major focus of the Company's management.
A validation of our patented Turbulator technology on liquid sugar syrup by a major carbonated soft drink brand reinforced the efficacy of our technology. This validation, completed in May 2016, produced results which highlighted that when compared to a regular thermal process, the SurePure Photopurification technology resulted in increased reduction of spoilage organisms that are of concern in liquid sucrose. The same study showed that our technology provides microbial effectiveness combined with substantial energy savings when compared to thermal processes.
In the brewing arena, the use of our technology in the liquid adjunct process has been shown to improve flavor stability while enabling substantial energy savings and throughput increases.
Guy Kebble, CEO of SurePure, stated, "We are pleased to report our results for the second quarter, details of which can be found in the Quarterly Report that SurePure has filed with the SEC today. The successful validations undertaken with major players in the brewing and carbonated soft drink industries provide support for the growing scope of applications for our technology."
SurePure attempts to pursue new commercial programs and ongoing research with key commercial partners. Joint projects with leaders in the beverage, brewing and industrial sectors are ongoing. However, substantial time periods can elapse before commercial orders result, if such orders result at all. The Company's ability to continue to participate in validations and to accept orders for its technology are subject to availability of working capital in sufficient amount to allow it to continue its operations. The Company currently has a diminished level of working capital.
For a complete understanding of the Company's financial results and financial position, investors are referred to its most recent Quarterly Report on SEC Form 10-Q for the quarter ending June 30, 2016 and the Annual Report for 2015 on SEC Form 10-K. The Company's SEC reports can be found on the Company's website www.surepureinc.com .
SurePure is a global leader in liquid photopurification, the green alternative to pasteurisation and chemicals. Using its patented 'Turbulator' technology, SurePure systems use UV-C light to purify microbiologically sensitive liquids such as wine, fruit juice and milk.
Although designed to deliver food-grade solutions, it can also be harnessed to improve processing liquids such as water, brines and sugar syrup solutions, even animal blood plasma. SurePure's technology offers greater microbiological efficacy than conventional UV systems and is effective for both clear and turbid liquids, a world first. SurePure offers a greener alternative to comparable heat or chemical-based processes and significant process and energy savings. It also provides opportunities for the development of innovative and differentiated products with desired consumer benefits, guaranteed food safety and sound commercial benefits.
Please visit www.surepureinc.com for more information.
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SOURCE SurePure, Inc.