Alkame Holdings, Inc. confirmed the recent announcement of a $1 million contract to supply to Aladyn Protection Systems, LLC with Personal Protection Equipment (PPE) marked a dedicated entry into the PPE market with a current estimated value of $77 Billion. The global personal protective equipment market size was valued at USD 77.36 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2020 to 2028. Increasing awareness regarding hygiene to avoid transmission of pathogens in healthcare facilities is expected to drive the demand for personal protective equipment (PPE) over the forecast period. Various countries implemented strict acts due to the Covid-19, such as the Families First Coronavirus Response Act by the U.S. for protecting public health workers, establishing free testing, providing paid leaves, and important benefits to children and families, in 2020 to curb the spread. Increasing domestic production coupled with restraints on the product imports and exports surged the PPE demand in 2020. In 2020, Alkame first shifted its manufacturing focus toward the production of quality PPE products such as hand sanitizer for first responders and the medical sector. A lengthy amount of time went into licensing, regulatory, compliance inspections, certifications, and formulations. The manufacturing shift first paid off with PPE sales to the State of Oregon.
Alkame Holdings, Inc. is a holding company, with an emphasis on health and wellness products. The Company, through its subsidiaries, develops, markets and distributes consumer-based products to maximize and capitalize on the development of various and multiple applications utilizing a proprietary water technology to create enhanced water with several properties. The intellectual property (IP) assets are utilized in several emerging business sectors, such as the hemp niche industry, the manufacture of specialty food and beverage products, the pet and aquaculture space, as well as many other business opportunities and various water treatment solutions to both new and existing business platforms. The Company utilizes its proprietary technology to produce specialty bottled water products for complete hydration, food and beverage related sauces, condiments, non-alcoholic mixes and fruits, hand sanitizer, and cannabidiol (CBD) water products. Its products are distributed nation-wide.