WPUR Confirms Off Grid EV Charging Technology Acquisition Negotiations

Rhea-AI Summary

WaterPure International (USOTC: WPUR) announced negotiations to acquire off-grid EV charging technology, aiming to deploy it in Sub Saharan Africa. This acquisition complements its water utility operations, as WPUR seeks to expand into the electric utilities market. The global water technology market is expected to grow from $64 billion to $83 billion by 2023, while the EV charging market is projected to increase from $10 billion in 2020 to $27 billion by 2027. The company's strategic focus addresses critical water and electricity shortages in developing regions.

Positive

• Engagement in off-grid EV charging technology acquisition enhances growth potential.
• Expansion into electric utilities market aligns with rising demand for sustainable energy solutions.
• Growth prospects in the $64 billion water technology market support long-term revenue potential.

Negative

• Risks associated with successful integration of new technologies.
• Acquisition negotiations may face delays, impacting strategic timelines.

DALLAS, Nov. 10, 2021 /PRNewswire/ -- WaterPure International, Inc. (USOTC: WPUR) today confirmed the company is in negotiations to acquire an innovative, off grid, EV charging technology solution. WPUR anticipates ultimately succeeding in the acquisition and deploying the technology initially in Sub Saharan Africa alongside its current water technology initiatives.

WPUR yesterday revealed plans to add the electric utilities market to its current water utilities operations.

WPUR has recently updated its decade old 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.

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.

Electric utilities, particularly in developing economic regions, are also struggling with power shortages similar to the water scarcity issues. Too much of the global power supply comes from coal and the transition to electric powered vehicles (EVs) is anticipated to double demand for electricity.

In addition to its approach to water utilities, WPUR now plans to also begin trialing new electricity generation and delivery efficiencies and technologies in developing economic markets to also be subsequently scaled for all global markets.

WPUR recently 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 global electric utilities industry currently generates over $4 trillion in annual revenue without providing adequate electricity globally.

The global electric vehicle charging market was valued at $10 billion in 2020 expected to grow to $27 billion by 2027.

Look for more details coming soon on the pending water technology acquisition and the off-grid EV charging solution acquisition negotiations.

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
+1 972-918-5256

View original content:https://www.prnewswire.com/news-releases/wpur-confirms-off-grid-ev-charging-technology-acquisition-negotiations-301421257.html

SOURCE WaterPure International, Inc.

FAQ

What is WaterPure International's acquisition strategy for EV charging technology?

WaterPure International is negotiating to acquire off-grid EV charging technology, aiming to deploy it primarily in Sub Saharan Africa.

How does WaterPure's acquisition support its water utility operations?

The acquisition of EV charging technology allows WaterPure to diversify into the electric utilities market while enhancing its existing water technology operations.

What are the market projections for the water technology industry relevant to WPUR?

The water technology market is expected to grow from $64 billion to $83 billion by 2023, presenting significant opportunities for WPUR.

What are the expected impacts of the EV charging technology market expansion?

The EV charging market is projected to increase from $10 billion in 2020 to $27 billion by 2027, indicating potential revenue growth for WPUR.

What risks does WPUR face in its acquisition negotiations?

WPUR faces risks related to the successful integration of new technologies and potential delays in acquisition negotiations.