WPUR Reveals Plans To Add Electric Utilities With Emphasis On $10 Billion EV Charging Market To Current Water Technology Services

Rhea-AI Summary

WaterPure International, Inc. (OTC Pink: WPUR) plans to expand into the electric utilities market, complementing its updated clean water operations. The company aims to enhance water delivery efficiencies and technology, targeting developing markets. The renewable water market is valued at $263 billion, projected to grow to $500 billion by 2028. WPUR is also negotiating to acquire an off-grid EV charging technology solution, expecting to deploy it in Sub-Saharan Africa. Overall, the electric utilities industry generates $4 trillion in revenue but struggles to provide adequate electricity.

Positive

• WPUR is expanding into the electric utilities market, indicating growth potential.
• The company is on track to acquire new water technology, enhancing its service offerings.
• The renewable water market is projected to grow significantly, offering opportunities for WPUR.

Negative

• The utility sectors, both water and electricity, face significant challenges in meeting global demand.
• Risks associated with forward-looking statements regarding market performance and acquisitions.

Dallas, Texas, Nov. 09, 2021 (GLOBE NEWSWIRE) -- WaterPure International, Inc. (OTC Pink: WPUR) today 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.

WPUR today announces the company has initiated 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.

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
972-918-5256

FAQ

What is WaterPure International's new initiative in the electric utilities market?

WaterPure International plans to expand its operations to include the electric utilities market, focusing on efficiency and technology.

What is the projected growth of the renewable water market?

The renewable water market is expected to grow from $263 billion in 2020 to $500 billion by 2028.

What acquisition is WPUR negotiating?

WPUR is negotiating to acquire an off-grid electric vehicle charging technology solution.

How much revenue does the electric utilities industry generate annually?

The global electric utilities industry generates over $4 trillion in annual revenue.

What challenges does WPUR face in the electric utilities market?

WPUR faces competition and market risk, as the electric utilities sector struggles to meet global electricity demand.