Quest Water Finalizes Joint Venture Agreement to Market WEPSTM Atmospheric Water Technology
28 5월 2014 - 9:45PM
Business Wire
Quest Water Global, Inc. (OTCQB:QWTR) ("Quest" and/or "Quest
Water" and/or "Company"), an innovative water technology company,
and developer of the AQUAtapTM Community Drinking Water Station and
WEPSTM Atmospheric Water Extraction and Purification System,
announced today that the Company has finalized the formation of a
Joint Venture with Global Air Water Resources Ltd. (“GAWR”), a BVI
company, to market the Company’s WEPSTM line of products on an
exclusive worldwide basis. The joint venture will be led by
atmospheric clean water pioneer Thomas W. Angell, who has been
working for the past decade to discover and make available
technologies that provide safe drinking water to water scarce
regions worldwide.
The Joint Venture will operate under the Global Air Water
Resources brand, and capitalize on Mr. Angell's established
relationships and network in the global atmospheric water industry.
GAWR has very strong relationships worldwide with government and
industry leaders along with numerous non-governmental organizations
(NGOs). Mr. Angell has developed a strong presence in the U.S.,
Mexico, South America, the Middle East and countries throughout
Africa. He also has established working relationships with the U.S.
State Department, the U.S. Military, the Department of Homeland
Security, and the militaries of several foreign governments.
“We are extremely pleased to enter into this Joint Venture with
Global Air Water Resources and to build this marketing platform for
our exciting line of WEPSTM products," said John Balanko, Quest
Water CEO & President, “The time is right for us to demonstrate
the power of WEPSTM and to showcase its atmospheric water
extraction and purification technology and unique ability to
produce clean water from the air. WEPSTM was designed for parts of
the globe where water is in extremely limited supply or
non-existent, and where the installation site has the proper mix of
humidity and temperature, as well as a dedicated power source. This
differs from our solar-powered AQUAtapTM system which treats and
purifies water which is contaminated or salty to produce pure,
clean drinking water in regions where there is a current water
source but no infrastructure in place.”
"We are excited to take this unique and disruptive atmospheric
water technology to our contacts across the globe," said Thomas W.
Angell, President and CEO of GAWR. "We have worked hard to
establish a good reputation within the atmospheric water space for
close to ten years, and are looking forward to introducing WEPSTM
to our network of government, NGO, and military officials looking
for sustainable solutions to the global water crisis. WEPSTM is the
ideal product for military use and disaster relief efforts as it is
extremely mobile, and can be flown in and deployed quickly,
allowing for optimal operational turn around."
Quest Water will own a 50% equity stake in the Joint Venture.
Under the terms of the agreement, Mr. Thomas Angell will act as CEO
& President, while Quest will appoint one other person to the
Board of Directors. The JV will be equally funded by GAWR and Quest
with each company contributing $250,000 for a total of $500,000 to
be utilized for the manufacturing of five WEPSTM demonstration
systems, marketing and general working capital purposes.
About Quest Water Global Inc.
Quest Water Global Inc., and its wholly-owned operating
subsidiary Quest Water Solutions Inc., is an innovative water
technology company that provides sustainable and environmentally
sound solutions to water scarce regions. We use proven technologies
to create economically viable products that address the critical
shortage of clean drinking water in developing countries. Our goal
is to provide an alternative, sustainable source of pure water at
the smallest possible environmental cost, while becoming a leading
company in providing turn-key solutions using alternative energy
for the purification, desalination, and distribution of clean
drinking water. For more information on Quest Water visit our
website at www.QuestWaterSolutions.com.
About WEPSTM Technology
Quest Water’s proprietary atmospheric Water Extraction and
Purification Systems, known as WEPSTM, can provide water scarce
regions with an alternate, sustainable, pure source of water
without exploiting current, limited fresh water resources. The
WEPSTM technology operates by converting humidity into water; the
atmosphere contains approximately 13,000 cubic kilometers of fresh
water as water vapor, six times the amount of water in all of the
rivers worldwide. If all 7 billion people on Earth used water from
atmospheric extraction processors at 50 litres per day, they would
consume daily only 0.0025% of available atmospheric water.
Atmospheric humidity can be forecast in advance as can climate
conditions, allowing planning for maximum water production at times
of peak humidity. The Earth’s hydrologic system is also constantly
replenishing the amount of water vapor in the atmosphere. In turn,
WEPSTM does not exploit local water supplies, and the system uses
no chemicals and produces no pollution or harmful by-products in
producing clean drinking water.
Notice Regarding Forward Looking Statements
This press release contains projections and forward-looking
statements, as that term is defined under applicable securities
laws. Statements in this press release, which are not purely
historical, are forward-looking statements. These statements are
only predictions and involve known and unknown risks which may
cause actual results and the Company's plans and objectives to
differ materially from those expressed in the forward-looking
information, including: negative results from the Company's field
operations; the effects of government regulation on the Company's
business; risks associated with the Company's ability to obtain and
protect rights to its intellectual property; risks and
uncertainties associated with the Company's ability to raise
additional capital; loss of management; and other factors beyond
the Company's control. Although the Company believes that the
expectations reflected in the forward-looking statements are
reasonable, it cannot guarantee future results, levels of activity
or performance. Further, any forward-looking statement speaks only
as of the date on which such statement is made, and, except as
required by applicable law, the Company undertakes no obligation to
update any forward-looking statement to reflect events or
circumstances after the date on which such statement is made or to
reflect the occurrence of unanticipated events. New factors emerge
from time to time, and it is not possible for management to predict
all of such factors and to assess in advance the impact of such
factors on the Company's business or the extent to which any
factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
statement. Readers should also refer to the risk factor disclosures
and other disclosures outlined in the Company's periodic reports
filed from time-to-time with the Securities and Exchange Commission
on Edgar at www.sec.gov and with the British Columbia
Securities Commission on SEDAR at www.sedar.com.
CONTACT: John Balanko Quest Water Global, Inc.
www.questwatersolutions.com
888-502-3268
Quest Water Global, Inc.John Balanko,
888-502-3268www.questwatersolutions.com
Quest Water Global (PK) (USOTC:QWTR)
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Quest Water Global (PK) (USOTC:QWTR)
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