WPUR Announces Pending Acquisition and Entry Into $64 Billion Water Technology Market

Rhea-AI Summary

WaterPure International (OTC Pink: WPUR) is set to finalize a strategic acquisition in the water technology sector by year-end 2021. The water technology market, valued at $64 billion, is projected to grow to $83 billion by 2023. WPUR is upgrading its clean water operations, testing innovative delivery technologies in developing markets. With water scarcity affecting over 3 billion people, the company emphasizes the critical nature of its initiatives. Further details on the acquisition are expected soon. Additionally, WPUR is in discussions with Alkame Holdings about developing emergency water reserves.

Positive

• Strategic acquisition in water technology sector anticipated by year-end 2021
• Water technology market projected to grow from $64 billion to $83 billion by 2023
• Upgrades in clean water operations and new delivery technologies being trialed
• Focus on addressing water scarcity impacting over 3 billion people

Negative

• None.

Dallas, Texas, Nov. 05, 2021 (GLOBE NEWSWIRE) -- WaterPure International, Inc. (OTC Pink: WPUR) today announced the company is on track to make a strategic water technology acquisition prior to the end of this year, 2021.

The market for water technology products and services purchased by water utility companies is over $64 billion expected to reach $83 billion by 2023.

The overall renewable water market was valued at an estimated value of over $263 billion in 2020 anticipated to grow to $500 billion by 2028.

WPUR has recently updated its clean water operations and has already begun to trial new water delivery efficiencies and technologies in developing economic markets to be subsequently scaled for all global markets.

Water scarcity today impacts over 3 billion people and by 2050 is expected to impact 5 billion.

Water scarcity is not just a problem for developing economic regions.  This past summer, Federal Authorities in the U.S. declared a water shortage in the largest U.S. water reserve, Lake Mead, which serves 10 million residents.

Look for more details coming soon on the pending water technology acquisition.

Separately, the company has been in discussions with Alkame Holdings, Inc. (OTC Pink: ALKM) about developing an emergency water reserve solution for disaster relief events in developing economic regions.

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:
Sean Mathis
info@wpurinc.com
972-918-5256

FAQ

What is WaterPure International planning to acquire?

WaterPure International is planning to finalize a strategic acquisition in the water technology sector by the end of 2021.

What is the projected growth of the water technology market?

The water technology market is projected to grow from $64 billion to $83 billion by 2023.

How is WaterPure addressing water scarcity?

WaterPure is focusing on upgrades to its clean water operations and is testing new water delivery technologies to combat water scarcity.

Which company is WaterPure discussing a partnership with?

WaterPure is in discussions with Alkame Holdings to develop an emergency water reserve solution.