VANCOUVER, British Columbia, Sept. 8, 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 launched a new business development strategy in response to emerging market opportunities and evolution of its business model and technology over the past year. After numerous and extensive negotiations in dealing directly with governments in developing nations, Quest Water has determined that its best approach is to attract local partners on the ground in these countries.
"Our new "Build, Own, Operate" business model allows us to collaborate and create new business partnerships with local investors and partners to establish self-serve water vending businesses, and micro-scale and full-scale water bottling facilities," said John Balanko, Quest Water CEO & President. "In addition, we can offer bulk water production for sale to residential communities, agriculture businesses, and manufacturing enterprises."
The new business strategy is actively being pursued with several local potential partners in the U.S., the Middle East, Southeast Asia, Africa, and the Caribbean. The Company's AQUAtap™ installation in Angola provided Quest with much attention on the world stage. As a result, the Company attracted interest from individuals, corporations, NGO's (Non-Government Organizations) and governments in numerous countries worldwide. The Company's goal now is to secure partnerships or joint ventures with local investors and partners in the above mentioned target markets.
The Company's innovative water solutions have been re-engineered to streamline the water purification process, reduce manufacturing and maintenance costs, while at the same time increasing production. Over the past year, the freshwater AQUAtap™ system has been engineered to produce four times as much water than its original design. This freshwater system now has the capacity to produce 80,000 liters per day from a polluted fresh water source utilizing a more robust ultrafiltration membrane, pre-filters, and ultraviolet sterilization. The Company's new brackish and salt water systems have also been re-designed to provide a minimum of twice the production over the previous Reverse Osmosis systems.
"Water shortages, poor sanitation, and a lack of access to clean water sources continue to be a major global concern," said Peter Miele, Quest Water Global Co-Founder and Executive Vice President. "We believe by providing an alternative, sustainable source of pure water at a low cost and with the smallest environmental impact in decentralized, turnkey solutions is part of the answer to this growing global crisis. For more information on the global water problem and how our technology can help in a local meaningful way visit our website at www.QuestWaterSolutions.com"
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.
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SOURCE Quest Water Global, Inc.