VANCOUVER, British Columbia, Sept. 15, 2016 /PRNewswire/ -- Quest Water Global, Inc. (QWTR) ("Quest" and/or "Quest Water" and or "Company"), an innovative water technology company, and developer of the solar-powered water purification and desalination technology AQUAtap™ and the WEPS™ Atmospheric Water Extraction and Purification System, announced today that the Company has signed a Memorandum of Understanding ("MOU") to build and operate a commercial water bottling facility in Havana, Cuba utilizing atmospheric water as the source. The atmospheric water bottling facility will be the first known water supply and bottling plant in the western hemisphere obtaining its water source through the extraction of atmospheric humidity. The facility expects to commence with an output capacity of 1.1 million liters of water per month.
The Cuban water bottling operation will be a Joint Venture ("JV") between Quest Water Global, Euroven Financial Group ("Euroven"), a syndicate of individuals, and atmospheric clean water pioneer Thomas W. Angell, who has been working for the past decade to make innovative technologies available that provide safe drinking water. Euroven will provide the funding capacity and ability to expand the business model on a Caribbean-wide scale, while Angell brings his expertise and knowhow of delivering clean water solutions to water scarce regions worldwide. Quest Water will provide access to, and maintenance of, the Company's proprietary WEPS™ technology, be the certifiers of the quality and integrity of the produced water, and the trainers of the facility operators and technicians."
"The conditions in Cuba are ideal for a commercial atmospheric water bottling facility," said John Balanko, Quest Water CEO & President. "The atmospheric humidity in the country is predictable and we believe that clean water can be harvested in large quantities on a consistent basis from ambient air at the proposed plant."
The planned facility's state-of-the-art bottling equipment will allow the Joint Venture to commence operations with a production rate estimated at approximately 12,000 bottles per hour in the 500ml format. This equates to 96,000 bottles per day or 88,000 cases of 24, 500ml bottles per month. It is anticipated that four DX150 WEPS™ systems will be installed. Together, these systems can produce approximately 40,000 liters of water per day based on the average climatic conditions in Havana. The bottling facility will also utilize 100% biodegradable bottles that break down completely within six months after use with no residual effects to the environment.
"The growing global demand for pure, clean bottled water offers significant revenue opportunities in the region," said Peter Miele, Quest Water Global Co-Founder and Executive Vice President. "Our WEPS™ technology competes economically and environmentally with conventional bottled water plants and desalination facilities. In addition to creating a sustainable and reliable water source, the WEPS™ process does so with low power consumption, is a chemical free product with no harmful by-products, has no impact on local natural water resources, and comes with minimal maintenance requirements."
The proposed Joint Venture intends to open a commercial atmospheric bottling plant in Havana, Cuba within the next 6 months. The JV will be owned 60% by Euroven, 12.5% by Thomas W. Angell, 12.5% by Quest Water Global, and 15% by a syndicate of individuals. The parties will now work toward signing a definitive agreement to move the project forward.
About Euroven Financial Corporation
Euroven Financial Corporation provides funding capabilities and the ability to expand the business model on a Caribbean-wide scale, with the exception of Haiti, through the company's vast business network. Other disciplines include retail and wholesale contacts for the marketing and sales of the finished product.
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 water in water-scarce regions and developing countries. Quest's goal is to address the vital issue of water quality and water supply by providing an alternative, sustainable source of pure water at the smallest possible environmental cost, while becoming a leading provider of decentralized, turnkey solutions using alternative energy for the production, purification, desalination, and distribution of clean, potable 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/quest-water-qwtr-signs-agreement-to-build-and-operate-atmospheric-water-bottling-plant-in-cuba-300328637.html
SOURCE Quest Water Global, Inc.