Dallas, Texas, Nov. 15, 2021 (GLOBE NEWSWIRE) – WaterPure International, Inc. (OTC Pink: WPUR) today confirmed an agreement to provide an electric vehicle (EV) charging solution for a special purpose electric vehicle operation in sub-Saharan Africa. Today, WPUR revealed that this first contract is a prototype agreement template that WPUR plans to use to test multiple electric vehicle charging technologies that can be refined in conjunction with the engagement and then adapted to a commercial solution. wider.
WPUR recently revealed its intention to add the electric utility market with a focus on electric vehicle charging to its current water utility operations.
WPUR recently updated its ten-year-old drinking water operations and has already started testing new water delivery technologies and efficiencies in developing economic markets, which will then be adapted to all global markets.
Water scarcity affects more than 3 billion people today and by 2050 it is expected to affect 5 billion.
The global renewable water market has been valued at an estimated value of over $ 263 billion in 2020 is expected to reach $ 500 billion by 2028.
Electric utilities, especially in developing economic regions, are also struggling with power shortages similar to water scarcity issues. Too much of the world’s energy supply comes from coal, and the shift to electric vehicles (EVs) is expected to double the demand for electricity.
In addition to its approach to water utilities, WPUR now plans to start testing new power generation and delivery efficiencies and technologies in developing economic markets, which will then be adapted to all global markets.
WPUR recently announced that the company is on track to make a strategic water technology acquisition before the end of this year 2021.
WPUR also recently confirmed that the company is in negotiations to acquire an innovative off-grid electric vehicle charging technology solution.
The market for water technology products and services purchased by water utility companies has ended 64 billion dollars is expected to reach $ 83 billion by 2023.
The global electric utility industry currently generates more than $ 4 trillion in annual revenue without providing adequate electricity globally.
The global electric vehicle charging market has been valued at $ 10 billion in 2020 is expected to grow to $ 27 billion by 2027.
Look for more details to come on the pending acquisition of the water technology and negotiations on the acquisition of the off-grid EV charging solution.
Details of the electric vehicle charging deal confirmed today are confidential pending an early announcement by WPUR’s customer with details on how the special-purpose electric vehicle works. The special electric vehicle operation is expected to be launched next year.
Safe Harbor / Disclaimer: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned in this document will make significant sales, failure to meet the schedule or performance requirements of the companies’ contracts, the liquidity position of the companies, the capacity companies to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events mentioned in this press release may not occur.