Quest Water and Hudson Dekker in Discussions for Licensing Agreement in Nigeria

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 is in discussions with Nigerian social infrastructure project experts Hudson Dekker Limited to distribute its products in Nigeria. The initial phase of the multi-year Licensing Agreement would see the establishment of a 10-unit AQUAtapTM pilot project by Hudson Dekker within 12 months.

“We intend to finalize the terms of the Nigerian Licensing Agreement when we return to Africa this Fall,” said Mr. Peter Miele, Quest Water Executive Vice President, “Hudson Dekker has been monitoring our work in Angola and is extremely excited to meet with us while we are there to further our negotiations regarding the distribution of our products in Nigeria and other African countries. They have extensive experience with social infrastructure projects in the region with a primary focus on the Education and Health Sectors.”

“We are looking forward to the opportunity to distribute Quest Water’s clean water technology to water scarce regions in Nigeria and other nearby countries,” said Abdul Rahman Yesufu, Founder and Managing Partner of Hudson Dekker Limited. “Once the Licensing Agreement is complete we intend to run a 12-month pilot program using Quest Water's proprietary AQUAtapTM Community Drinking Water Stations."

The Company intends to finalize the multi-year Licensing Agreement for Nigeria with Hudson Dekker by the 4th Quarter of 2014. Details of that Agreement, including sales targets, will be forthcoming.

About Hudson Dekker Limited

Hudson Dekker Limited is a wholly owned Nigerian firm focused on delivering next generation solutions developed specifically for education, health, and other sectors, that affect the social infrastructure space in Nigeria. The company has offices in Lagos, the commercial capital, and Abuja, Nigeria. The primary activity of the Company is investment in publicly and privately financed social infrastructure solutions development and delivery across the country, with emphasis on rural communities.

Infrastructure development in Nigeria is relatively new from a public private partnership (PPP) perspective as most of the available infrastructure until recently was funded and managed solely by the Federal and State governments. However, due to the limited resources available to both levels of government, it has become necessary for private investors to partner with government authorities to ensure that the right infrastructure is provided for the general public and rural communities at affordable prices. Most of the projects currently being developed under the PPP concept are critical infrastructure projects such as roads, bridges, airports, major water schemes, and energy power grids. Hudson Dekker sees a unique opportunity in focusing on improving the social service infrastructures such as education, healthcare, and potable water in rural communities.

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

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 BalankoQuest Water Global, Inc.www.questwatersolutions.com888-502-3268

Quest Water Global, Inc.John Balanko, 888-502-3268www.questwatersolutions.com

Quest Water Global (PK) (USOTC:QWTR)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024