Press releases

Fakhruddin Holdings undertakes joint venture with Akida Holdings – November 2011

Fakhruddin Holdings announced today that it had entered into a joint venture with Akida Holdings that will see Fakhruddin Holdings become the majority shareholder within a period of 12 months.

Akida Holdings specializes in green air technology and has the exclusive worldwide rights to a unique NASA funded technology “AiroCide”. AiroCide is the only air purifier that completely destroys airborne bacteria, mold, fungi, viruses, volatile organic compounds and odors.

Yousuf Fakhruddin, Executive Board Member for Fakhruddin Holdings commented,

“This is a strategic partnership for Fakhruddin Holdings. As an organization, we are continuously looking at new ventures that will enhance our portfolio. We believe that Airocide is an innovative concept that will have a positive impact on business and the lives of millions of people by providing cleaner air. We are passionate about the technology and this concept and look forward to taking Airocide across global borders”.

AiroCide technology was built for NASA, used in earth orbit and clinically tested by the University of Wisconsin, Texas Tech University and Texas A&M University. The FDA lists AiroCide as a class ll medical device. Simply put, AiroCide had been proven to eliminate virtually 100% of all biological contaminants that enter its system – regardless of size. AiroCide generates no ozone, it never needs cleaning and it uses no filters. Cost effective, energy efficient – and it works.

“This is a venture between two organizations that are completely aligned to the value of Airocide and the impact it can make globally. These are exciting times and we have a tried and trusted brand that works and we look forward to making this product a global success”, Michael Freedman, CEO, Akida Holdings.

Airocide has been adopted in hospitals, airports, space agencies, growers, shippers, cold storage facilities and retailers across North America, Asia, Middle East and Scandinavia.