Horizons Endeavors, the Hong Kong-based firm that handles the non-public, early-stage opportunities within the technology sector for billionaire entrepreneur, philanthropist, business magnate and Facebook and Spotify investor Li Ka-shing, has acquired a $3 million stake in water damage and mold protection technology company HzO included in a frequent equity investment. HzO was initially acquired by ZAGG in '09 consider spun off being an independent company to enhance and commercialize its WaterBlock technology.
Fraxel treatments safeguards electronic devices like phones, media gamers, laptops and whatnot from water along with other fluids (to begin with), around the molecular scale . From the organization s website:
A nano-scale film with special water- rejecting qualities is used towards the whole from the digital camera, leaking in to the cracks, and making it highly water-resistant. Absorb it the rain or spill your drink onto it it'll still run. It might even survive a drop within the toilet, but hopefully you never need to discover.
Utah-based HzO states it expects to integrate its technology with electronic devices but additionally automotive products, military products and automobiles, solar power, and industrial programs.
Jason Wong, CFO of Horizons Endeavors, will sit back on HzO s board of company directors included in the investment agreement.
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