Aquaporin A/S announced that the company and AquaShield have entered a partnership to deliver clean drinking water to Chinese consumers with Philips-branded purifiers powered by Aquaporin Inside« ¡ Aquaporin's unique technology. The partnership between Aquaporin and Philips Water Solutions is far-reaching in nature, bringing co-development, co- branding, market access, and double-digit revenue growth. The exclusive agreement has an initial focus on greater China where Aquaporin will be the exclusive provider of membrane technology in the majority of Philips Water Solutions' extensive
range of water purifiers. Philips Water Solutions and Aquaporin estimate that more than 140,000 households had a Philips Water Solutions purifier
powered by Aquaporin Inside« at the end of 2022. This number is expected to largely increase by the end of 2023.