Company signs distribution agreement with Wrap Resources Asia Pacific, a leading Asian cold works goods and services provider
SPOKANE, WA – March 26, 2015 – Ambient Water (OTCQB: AWGI), a leading provider of atmospheric water generation systems for extracting water from humidity in the air, today announced it has signed a distribution agreement with Wrap Resources Asia Pacific, a cold works goods and services specialist in the oil & gas sector based in Malaysia.
The agreement will include the purchase of multiple Ambient Water 400s, the company’s flagship model of its atmospheric water generation technology, with proposed installations to be rolled out over a two-year period. The distribution agreement includes exclusivity if minimum yearly purchasing requirements are met.
The systems will be utilized to generate a clean, sustainable source of drinking water within the target market of offshore platforms & drilling rigs, floating production and storage facilities, and barges. Currently in these situations, a clean supply of drinking water is brought in from an outside catering company and distributed via boat, and water for utilities is generally produced through reverse osmosis of seawater. Under the agreement, the AW 400’s would be installed and maintained conveniently on-site.
“The distribution agreement with Wrap Resources is a significant step forward for Ambient Water as we continue our efforts to provide a water solution for the oil & gas sector and showcase the immediate need for our technology. There is a tremendous opportunity to fill a current need in areas like Malaysia, where water is transported by boat in to the drilling rigs and offshore platforms,” said Keith White, Founder and CEO of Ambient Water. “This can be expensive, and also is dependent on weather for safe travel. Our atmospheric water generation technology ensures there will be a sustainable source of water available for consumption and other uses. We look forward to working with Wrap Resources to meet its customers’ water needs.”
Wrap Resources will market targeted potential and current customers for sales presentations on our water solution technology. Wrap will also recommend the AW400 to project managers who are working on initiatives still in the design/concept stage. The AW400’s will be shipped directly from the United States to Malaysia upon each specific order and installation.
Both East and West Malaysia are ideal locations for atmospheric water generation technology, particularly due to the large number of major offshore operators in the area, including Shell, PETRONAS, ExxonMobil, Talisman-Energy Ltd., Murphy, and Nippon Oil. The AW 400’s compact design and minimal power requirements (approximately 25kWh), coupled with the relatively high humidity levels in Malaysia (average 40-50% during the day), make it a more feasible and cost effective option for the oil & gas industry over the long-term.
Wrap Resources Asia Pacific offers its customers a turnkey cold work solution in the areas of pipeline integrity rehabilitation and civil structural integrity rehabilitation/ strengthening. For more information, please visit the company website.
Ambient Water’s patented atmospheric water generation technology literally makes water out of thin air, transforming humidity into an abundant source of clean water near the point of use. With multiple systems already commercially available or in development, the Company’s technology produces clean and fresh water for a host of commercial industries including process water for hydraulic fracking in the oil and gas industry and agriculture, while also providing fresh drinking water for homes, offices, and communities.
About Ambient Water Corp.
Ambient Water pioneered atmospheric water generation technology for extracting water from humidity in the air. Drawing from the renewable ocean of water vapor in the air that we breathe, the Company’s patented technology cost-effectively transforms humidity into an abundant source of clean water near the point of use. The scalable and modular systems can be configured for a number of water-sensitive applications ranging from oil and gas exploration to vertical farming. The systems can also be configured to produce high quality drinking water for homes, offices, and communities. For a thirsty planet on the verge of a water crisis, Ambient Water makes clean water out of thin air. To learn more about Ambient Water, visit our website at http://www.AmbientWater.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently and other factors detailed in reports filed by the Company.
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