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Lixil Group Corp. (OTCMKTS:JSGRY) an international leader in building and housing materials, services and products reported that it has obtained an allowance from the Bill & Melinda Gates Foundation to advance the expansion of its SaTo business activities, offering affordable, aspirational solutions to folks that don’t have access to proper sanitation.

SaTo products are advanced to enhance the safety and user experience of open-pit latrines. They are advanced yet reasonably priced and simple to fit. They use an airtight counterweighted trap-door to stop the transmission of disease and odors. First advanced by LIXIL’s American Standard Brands with initial support from the Bill & Melinda Gates Foundation, more than 1 million units are presently in use in more than 14 nations, starting with Bangladesh and comprising the Philippines, Kenya, Haiti, India and Uganda.

The management speaks

Kinya Seto, the CEO and President of Lixil, said that as the international leader in sanitary ware, the company is uniquely placed to contribute to handling global sanitation concerns through innovative items and a sustainable business focused-method. The company has set an objective to enhance sanitation for 100 million folks by 2020, and SaTo products will serve a major role in hitting this target. They look forward to increasing SaTo’s presence in other regions like South Asia and Sub-Saharan Africa, where these goods can make a significant difference.

Jim McHale, Ph.D., the Vice President of LIXIL, said that SaTo products offer an affordable and simple solution that can assist enhance the lives of people in off-grid areas with low-income witnessing poor sanitary conditions. They are now scaling-up the SaTo business, utilizing the expertise they have advanced in the U.S., Japan and internationally, to handle poor sanitation. They would prefer to thank the Gates Foundation for its grant, which will help company enhance access to SaTo products in developing nations worldwide.

During the SaTo advancement phase, engineers underwent numerous technological design iterations and field assessments similar to advancing high-end toilets, comprising computational analyses of fluid and flushing mechanisms.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.