SNM Global (SNMN) Executes MOU to Utilize IQPR Water Technology for US Water Infrastructure Projects

Rhea-AI Summary

SNM Global Holdings (OTC PINK:SNMN) announced a Memorandum of Understanding with a leading environmental engineering firm to leverage its proprietary iQPR Micro-Quantum Reaction Persistent Technology. This partnership aims to secure up to $2.3 billion in funding for US-based water infrastructure projects as part of the Water Infrastructure Improvements for the Nations Act of 2016. The iQPR Technology offers natural and sustainable solutions for water pollution, providing cost savings by reducing chemical use and avoiding upgrades to treatment facilities.

Positive

• Executed a MOU to partner with an environmental engineering company, enhancing credibility and scope.
• Potential access to up to $2.3 billion in funding, significantly boosting project capacity.
• Utilization of iQPR Technology offers natural, environmentally friendly solutions for water treatment.
• Significant cost savings anticipated by reducing chemical use and avoiding facility upgrades.

Negative

• None.

MIAMI, FL / ACCESSWIRE / February 24, 2022 / SNM Global Holdings, (OTC PINK:SNMN), a diversified investment company with expertise in technology, entertainment, global advertising, media and film with a focus on identifying and developing new business opportunities, announces today that Global Clean Water, Inc., a wholly-owned subsidiary of SNM Global Holdings, has executed a Memorandum of Understanding with a world-renowned environmental engineering company to utilize its proprietary iQPR Micro-Quantum Reaction Persistent Technology and up to 2.3 billion dollars in funding as the project sponsor in a joint venture with Global Clean Water to manage its US based projects and provide coordination and liaison with the relevant authorities to implement projects designated for Water Infrastructure Improvements for the Nations Act of 2016 by the U.S. Department of the Interior Bureau of Reclamation.

The iQPR Technology offers natural solutions by utilizing the energy that is all around us. It makes use of wave frequencies of micro-molecules in air and water to tackle environmental pollution. Currently, iQPR Technology has unique capabilities to treat rivers, ponds, lakes, sewage plants, retention ponds, and seas. Its potential applications are virtually endless and can be tailor-made to tackle a specific issue or certain pollutants. For example: oil and gas specific pollutants, aquaculture, hydroponics, agriculture, etc.

The benefits of using environmentally friendly 'green' iQPR Technology to reduce environmental impact on water infrastructures across the United States cannot be overstated. Unlike other competitors, iQPR Technology "does not add pollutants" in the process of cleaning pollution. iQPR Technology is environmentally friendly. It uses only quantum waves harnessed from nature to process its formulated change agent from natural mineral water. Absolutely no additives, and no chemicals or biological microbes. Long term application of iQPR Technology will enhance the eco-system and create a healthy environment for living. The technology is designed to enhance the surrounding environment by improving water quality and clarity, eliminating odors, reducing algae population in the water, and preventing algal bloom.

iQPR Technology is extremely effective for treatment of various polluted water, soil, and sludge in rivers, lakes, industrial wastewater, sewage treatment, etc. Turn-around time to achieve desired outcome is relatively short. Results achieved are sustainable with a scheduled maintenance program after the transformation phases. Sludge volume is reduced over time. The iQPR Technology has a proven track record for various water treatment applications.

Being more effective and efficient, using iQPR Technology can achieve significant cost savings:

• No need to upgrade/expand under capacity treatment plants, generating savings on capital expenditure.
• Reduction/elimination of the usage of chemicals, biological microbes, and electricity for aerations purposes.
• Sludge management cost may be reduced.
• No legal or regulatory complications - effluent is discharged to comply with DOE's requirements.
• Treated water may be recycled.

SNM Global's CEO, Troy Lowman, had this to say. "This is such a fascinating technology that is really is going to have an impact on the world. It is truly amazing, and SNM Global is proud to be a part of it."

About SNM Global Holdings:

SNM Global Holdings is a multi-media production company investing in and acquiring its own inventory of wholly owned media along with tech investments in cannabis and crypto art. The company is diversified and will continue to grow its inventory of assets within areas that align with tech and media and can be completely operated in a remote capacity to hedge future economic uncertainty due to the changing world in which we live.

Forward Looking Statements:

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

Contact:

Troy Lowman, CEO
Phone: 410-733-6551
Email: ceotlowman@snm-global.com

SOURCE: SNM Global Holdings

View source version on accesswire.com:
https://www.accesswire.com/690281/SNM-Global-SNMN-Executes-MOU-to-Utilize-IQPR-Water-Technology-for-US-Water-Infrastructure-Projects

FAQ

What is the recent MOU signed by SNMN about?

SNMN has signed a MOU with an environmental engineering firm to use iQPR Technology for US water infrastructure projects.

How much funding is involved in SNMN's latest project?

The project could involve up to $2.3 billion in funding.

What technology is SNMN utilizing for water treatment?

SNMN is using iQPR Micro-Quantum Reaction Persistent Technology for water treatment.

When was the MOU executed by SNMN?

The MOU was announced on February 24, 2022.

What is the significance of the Water Infrastructure Improvements for the Nations Act of 2016 in SNMN's project?

It provides a framework for managing water infrastructure projects which SNMN is engaging in.