WPUR Announces New CEO In Conjunction With ALYI EV Ecosystem Partnership

Rhea-AI Summary

WaterPure International, Inc. (OTC Pink: WPUR) has appointed Ed Bollen as the new CEO, replacing Sean Mathis, who served temporarily. Bollen, previously the President of Alternet Systems, brings significant experience in electric energy technology. This transition is linked to a partnership with ALYI, focusing on developing off-grid clean energy solutions and a solar farm for an event facility tied to ALYI's EV Ecosystem. WPUR aims to capture a share of the $41 billion sustainability market through its water and electric utility management technologies.

Positive

• New CEO Ed Bollen brings expertise in electric energy technology.
• Strategic partnership with ALYI enhances potential for developing clean energy solutions.
• Targets the $41 billion sustainability market with innovative technologies.

Negative

• Incoming CEO lacks direct experience in water utility management.
• Transition from temporary CEO may lead to operational continuity concerns.

Dallas, Texas, Feb. 01, 2022 (GLOBE NEWSWIRE) -- WaterPure International, Inc. (OTC Pink: WPUR) today announced that Ed Bollen has joined the company as the new CEO. Mr. Bollen was formerly the President of Alternet Systems, Inc. (OTC Pink: ALYI). He was the founder of Lithium IP which was acquired by ALYI.  He now brings his electric energy technology experience to WPUR.

Mr. Bollen’s transition to WPUR stems from a partnership between WPUR and ALYI established around ALYI’s EV Ecosystem initiative. 

WPUR is working with ALYI on the development of an off grid, clean electric energy production, storage and charging solution for electric vehicles. WPUR is also partnering with ALYI in the development of a solar farm to power a sustainable event and resort facility. The event and resort facility is part of ALYI’s plans with Formula E, another component of ALYI’s EV Ecosystem.

WPUR recently published a strategic overview of the company’s overall rollout plan for its water and electric utility management technologies, targeting the $41 billion sustainability market.

Sean Mathis, the outgoing CEO, was serving in a temporary capacity over the last year bringing the company’s reporting status up to date and transitioning the company into its current operational posture.

To learn more, visit https://www.wpurinc.com/.

Disclaimer/Safe Harbor: This news 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 herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Contact:
WaterPure International, Inc.
Sean Mathis
info@wpurinc.com
972-918-5256

FAQ

Who is the new CEO of WaterPure International (WPUR)?

The new CEO of WaterPure International is Ed Bollen.

What experience does Ed Bollen bring to WPUR?

Ed Bollen has extensive experience in electric energy technology and was previously the President of Alternet Systems.

What is WPUR's partnership with ALYI about?

WPUR is partnering with ALYI to develop off-grid clean energy solutions and a solar farm for a sustainable event facility.

What market is WPUR targeting with its technologies?

WPUR is targeting the $41 billion sustainability market with its water and electric utility management technologies.