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Graphene & Solar Technologies, Ltd. (OTC: GSTX) has acquired Air-To-Water, LLC, enhancing its portfolio with innovative water extraction technology based in Nevada. The technology can produce 13-20 gallons of water daily using solid-state methods. Units are priced between $5,000 and $8,000 with a lifespan exceeding 10 years. With 2.3 billion people facing water stress globally, GSTX aims to address urgent water shortages. The acquisition aligns with GSTX's commitment to advanced production components in alternative energy and water recovery systems.
Positive
Acquisition of Air-To-Water, enhancing GSTX's technological portfolio.
Water extraction units expected to generate significant revenue with a price range of $5,000 to $8,000 each.
Technology addresses global water shortages, catering to the needs of 2.3 billion people.
Negative
None.
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Graphene & Solar Technologies, Ltd. (OTC.QB: GSTX) – a pioneering developer of critical production components for high-tech alternative energy applications and water recovery systems recently acquired Air-To-Water, LLC, a water-extraction-from-air technology company to be based in Nevada.
GSTX will manufacture Air-To-Water’s proprietary water extraction technology in the U.S. A single standalone unit can harvest 13-20 gallons (50-75 liters) of clean atmospheric water daily using solid-state technology with no moving parts, while efficiently running on electrical power, solar power and/or battery. Multiple Air-To-Water units operating in parallel can create water harvesting farms. Each unit is expected to sell for between $5,000 and $8,000 (USD), while providing an expected lifespan of over 10 years.
“We’re pleased to expand our portfolio of leading-edge technological innovations with this critically important water system,” says Roger May, CEO of GSTX. “Creative, scientific advances like this are essential to help solve many of our world’s natural resource shortages.”
According to the United Nations, 2.3 billion people reside in water-stressed countries, of which 733 million live in high and critically water-shortage areas. In the U.S., the Environmental Protection Agency expects 40 states to experience some freshwater shortages in the next ten years.
About Graphene & Solar Technologies
Graphene & Solar Technologies, Ltd. (OTC: GSTX) is a pioneering developer of critical components for high-tech alternative energy and water recovery systems, notably transparent photovoltaic (PV) solar cells/panels. These critical components include: advanced flexible and conductive thin films using nano particles; graphene and graphene-enhanced polymers; high-purity quartz sand essential for the manufacturing of PV solar panels and semiconductors; and water extraction technology. GSTX’s subsidiary, US Thin-Film Corporation, holds 120 internationally recognized, patented technologies relevant for the production of transparent, flexible solar panels that will offer expanded mounting possibilities on various surfaces, replacing many existing cumbersome, metal-framed solar installations. Located in Newport Beach, Calif., GSTX also has JV offices in Australia, Southeast Asia, Korea, the Middle East and Europe.
Forward-Looking Statements
All statements in this release that are not strictly historical facts are “forward-looking statements.” Forward-looking statements are based on GSTX’s current assumptions, beliefs and expectations. They involve risks, uncertainties and other factors that may cause GSTX’s actual results to be materially different from any results expressed or implied by such forward-looking statements.
GSTX-Investor/Media Consultant: Warren Djerf: 1-952-920-3908 or warren@brookcomm.net (U.S.)
GSTX-Corporate Office: Roger May, CEO of GSTX: 1-844-301-4000 (Australia) Email-rm@auzww.com and/or rm@gstx.ltd
Source: Graphene & Solar Technologies, Ltd.
FAQ
What technology did GSTX acquire from Air-To-Water?
GSTX acquired water extraction technology capable of harvesting 13-20 gallons of clean atmospheric water daily.
How much will each unit of the new technology cost?
Each unit is expected to be priced between $5,000 and $8,000.
Where will the new technology be manufactured?
The manufacturing of Air-To-Water's technology will take place in the U.S., specifically in Nevada.
What is the expected lifespan of the water extraction units?
The units are expected to have a lifespan of over 10 years.
Why is GSTX's acquisition of Air-To-Water significant?
The acquisition is significant as it addresses the urgent issue of water scarcity, with 2.3 billion people globally affected.
