Filtered By: Money

Air Intellipure to invest P250M in PHL market

Air purification systems company Air Intellipure Inc. on Tuesday unveiled plans to invest as much as P250 million in the Philippines over the next three years, as the company officially launched its Pure Wellness program in the country.

The company is now seeking to expand to Cebu from Metro Manila, Air Intellipure Inc. founder Nick Gitsis said in a press conference in Taguig City,

“Air Intellipure sees tremendous opportunities with this unique wellness program for all indoor spaces,” he said.

The company’s Pure Wellness Program is an air purification technology that removes air pollutants from indoor spaces, utilizing a patented process that eliminates and protects against viruses, bacteria, and other irritants.

“Air Intellipure will initially focus on the wellness tourism market, which spans hotels, resorts and casinos, hospitals and clinics, fitness gyms, and spas,” Gitsis noted.

“Along with our Intellipure air purification system sales, we’re targeting revenues of P58 million by next year with further substantial growth by 2021,” he said.

Gitsis expects 70% of revenue to come from equipment sales, and 30% from Pure room products.

“Our pioneering service is projected to bring exponential growth to the company over the next year," he said, noting that the Belo Clinic Group is among its first clients.

Pure Wellness global president Vinny Lobdell said the company needs to first educate the market in air purifiers to be able to capture a larger market segment.

“We believe everyone has the right to live without environmental boundaries,” he said.

Pure Wellness is the global licensor of the Pure License Program, which is made available to the Philippines through Air Intellipure Inc. —VDS, GMA News