WPUR Electric Vehicle Charging Contract Is First Of Many

Rhea-AI Summary

WaterPure International (OTC Pink: WPUR) announced an agreement for an electric vehicle (EV) charging solution in Sub-Sahara Africa, marking a strategic expansion into the electric utilities market. This prototype contract aims to test and refine various EV charging technologies for future scaling. WPUR also plans to enhance its water utility operations with innovative technologies. The global electric vehicle charging market is projected to grow from $10 billion in 2020 to $27 billion by 2027, indicating significant market potential for WPUR.

Positive

• Entering the EV charging market with a contract in Sub-Sahara Africa.
• Expansion into electric utilities complements existing water utility operations.
• Prototyping EV charging technologies could lead to scalable solutions.
• The global electric vehicle charging market is projected to grow significantly.

Negative

• None.

Dallas, Texas, Nov. 15, 2021 (GLOBE NEWSWIRE) -- WaterPure International, Inc. (OTC Pink: WPUR) today confirmed entering into an agreement to provide an electric vehicle (EV) charging solution for a special purpose electric vehicle operation in Sub-Sahara Africa. Today, WPUR revealed this first contract is a prototype template agreement WPUR plans to use for trialing multiple EV charging technologies that can be refined in conjunction with the engagement and subsequently scaled into a larger commercial solution.

WPUR recently revealed plans to add the electric utilities market with a focus on electric vehicle charging 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.

WPUR also recently confirmed the company is in negotiations to acquire an innovative, off grid, EV charging technology solution. 

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.

Details of the EV charging agreement confirmed today are confidential pending an anticipated announcement by WPUR’s client with details about the special purpose electric vehicle operation. The special purpose electric vehicle operation is expected to launch next year.

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's recent focus on electric utilities?

WaterPure International is expanding into electric utilities, specifically targeting electric vehicle charging solutions.

What market is WaterPure International entering with its recent agreement?

WPUR is entering the electric vehicle charging market in Sub-Sahara Africa.

What is the projected growth of the electric vehicle charging market?

The electric vehicle charging market is expected to grow from $10 billion in 2020 to $27 billion by 2027.

What technologies is WaterPure International trialing?

WPUR is trialing various electric vehicle charging technologies and new water delivery efficiencies.

When is the special purpose electric vehicle operation expected to launch?

The special purpose electric vehicle operation is anticipated to launch next year.