QUEST WATER GLOBAL, INC. (OTC Pink: QWTR) ("Quest" and/or the
"Company"), an innovative water technology company and developer of
the fully automated, solar-powered AQUAtap™ water purification,
desalination, and distribution technology, announced today that the
Company’s joint venture in the Democratic Republic of the Congo
(the “DRC”), AQUAtap™ Oasis Partnership SARL (“AQUAtap™ Oasis”),
has entered into a strategic partnership agreement with Orange DRC
S.A. (“Orange DRC”), a subsidiary of Orange S.A. (NYSE: ORAN), in
the DRC (the “Partnership Agreement”).
Pursuant to the Partnership Agreement, which is
dated as of September 1, 2021, and provides for an exclusive,
two-year renewable term, Orange DRC will enhance AQUAtap™ Oasis’
ability to serve the DRC population in securing access to clean
water through Orange DRC’s Orange Money platform. Orange
Money is the mobile money service of Orange
S.A., available in most of the group's subsidiaries throughout
Africa and the Middle East. Orange DRC is integrating AQUAtap™
Oasis’ electronic water management and cashless revenue collection
systems into its Orange Money digital revenue collection platform,
allowing the public to purchase water from our AQUAtap™ Oasis
Community Water Centers using their mobile phones.
“Our inclusive business model, which we are
currently implementing in the DRC, is a holistic and impactful
approach to securing access to clean, safe, reliable water to
underserved, marginalized populations while providing
socio-economic benefits to the communities in which we operate,”
commented Isaac Kalonji Jr., Managing Director of AQUAtap™ Oasis.
“The partnership with Orange DRC and the integration of Orange
Money’s innovative platform will allow us to reach a greater number
of people in need of clean water, which will generate additional
sales. Our companies are collaborating to achieve a first in the
Democratic Republic of the Congo: pioneering the digital
distribution of clean water. This partnership with Orange DRC, a
leading telecom provider, is an outstanding accomplishment as it is
further proof that our clean water solutions are perfectly adapted
to serve the needs of the underserved population of the DRC.”
Under the terms of the Partnership Agreement,
Orange DRC will manage all financial transactions for AQUAtap™
Oasis, including the collection and transfer of funds from the sale
of water to AQUAtap™ Oasis’ bank account via the Orange Money
platform in exchange for a commission of 3.5%, including all taxes,
on the value of all payments received by Orange DRC on behalf of
AQUAtap™ Oasis. Orange DRC will also provide promotional marketing
services throughout the DRC for the AQUAtap™ Oasis clean water
initiative using radio, print, and social media, and will provide
certain necessary items for each AQUAtap™ Oasis Community Water
Center including (i) no-cost wireless internet access for AQUAtap™
Oasis’ real-time water management and cashless revenue collection
systems, (ii) 20-liter co-branded, food-grade water containers for
use by customers in each community, and (iii) hand-sanitizing
stations at each AQUAtap™ installation site.
About Orange
S.A.Orange is one of the world’s leading
telecommunications carriers with a turnover of €42.3 billion in
2020 and 142,000 employees as of March 31, 2021. The Group has a
total customer base of 262 million customers worldwide as of March
31, 2021, including 217 million mobile customers and 22 million
fixed broadband customers. The Group is present in 26 countries, 18
of those are within Africa. Orange is also a leading provider of
global IT and telecommunication services to multinational
companies, under the brand Orange Business Services. In December
2019, the Group presented its new ‘Engage 2025’ strategic plan,
which, guided by social and environmental accountability, aims to
reinvent its operator model. Orange Money, its flagship
mobile-based money transfer and financial services offer, is
available in 17 countries and has more than 50 million
customers. Orange is listed on Euronext Paris (symbol: ORA)
and on the New York Stock Exchange (symbol: ORAN).
About
AQUAtap™ Oasis
Partnership SARLAQUAtap™ Oasis Partnership SARL is
a strategic partnership between Quest Water Solutions, Inc.
(Canada), a wholly owned operating subsidiary of the Company,
Dikembe Mutombo’s American Venture Mergers & Acquisitions, LLC
(USA), and Kalo Products SARL (DRC). The Partnership merges the
social mission of a non-profit with the market-driven approach of
business for powering comprehensive growth, dignity, and potential
while accelerating progress toward the Global Goal of equitable
access to safe, affordable drinking water. The benefits arising
from this holistic, inclusive, and impactful approach create shared
value for both business and society.
About
AQUAtap™ Oasis
Community CentersQuest’s
AQUAtap™ are self-contained, solar-powered, decentralized
water purification and distribution systems. The AQUAtap™ was
designed primarily for use in rural or peri-urban locations where
infrastructure is scarce or non-existent. The AQUAtap™ is a
cost-effective, sustainable, and environmentally sound turnkey
solution that supplies a safe, reliable, and abundant source of
potable water. Each unit is fully autonomous, powered by
state-of-the-art photovoltaic panels. The energy efficient
AQUAtap™ is available in several configurations, depending on
the application, the water source, and preferred distribution
method. When in use in conjunction with Quest’s inclusive
Build-Own-Operate business model, as is the case currently in the
DRC, the AQUAtap™ systems are equipped with multiple cashless,
point-of-sale interface modules to allow for the sale of clean
water. Each AQUAtap™ converts contaminated fresh water,
brackish, or sea water into clean, purified drinking water at a
rate of up to 100,000 liters per day. The systems are both modular
and scalable in design, easily allowing for increased water
production, and are designed to function in any environment and
without any existing infrastructure. Housed in a custom, modular
enclosure, a single solar-powered AQUAtap™ system is capable
of producing clean water for up to 5,000 people per day.
About Quest Water Global,
Inc.Quest Water Global, Inc., through its wholly owned
operating subsidiary Quest Water Solutions Inc., is an innovative
water technology company that provides cost-effective, sustainable,
and environmentally sound solutions to water-scarce regions. The
Company uses proven technologies to create economically viable
products that address the critical shortage of clean water in
water-scarce regions and developing nations. Quest’s goal is to
address the vital issue of water quality and water supply by
providing an alternative, sustainable source of pure water at the
smallest possible environmental cost, while becoming a leading
provider of decentralized, turnkey solutions using alternative
energy for the production, purification, desalination, and
distribution of a safe, reliable source of potable water. For more
information, visit Quest’s website
at www.QuestWaterSolutions.com
Notice Regarding
Forward-Looking
Statements This press release contains forward-looking
statements as that term is defined under applicable securities
laws. Statements in this press release, which are not purely
historical, are forward-looking statements. These statements are
only predictions and involve known and unknown risks which may
cause actual results and the Company's plans and objectives to
differ materially from those expressed in the forward-looking
information, including: negative results from the Company's
operations; the effects of government regulation on the Company's
business; risks associated with the Company's ability to obtain and
protect rights to its intellectual property; risks and
uncertainties associated with the Company's ability to raise
additional capital; loss of management; and other factors beyond
the Company's control. Although the Company believes that the
expectations reflected in the forward-looking statements are
reasonable, it cannot guarantee future results, levels of activity
or performance. Further, any forward-looking statement speaks only
as of the date on which such statement is made, and, except as
required by applicable law, the Company undertakes no obligation to
update any forward-looking statement to reflect events or
circumstances after the date on which such statement is made or to
reflect the occurrence of unanticipated events. New factors emerge
from time to time, and it is not possible for management to predict
all such factors and to assess in advance the impact of such
factors on the Company's business or the extent to which any
factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
statement. Readers should also refer to the risk factor disclosures
and other disclosures outlined in the Company's periodic reports
filed from time-to-time with the Securities and Exchange Commission
on EDGAR at www.sec.gov and with the British Columbia
Securities Commission on SEDAR at www.sedar.com.
CONTACTS: |
John Balanko,
President & CEOQuest Water Global, Inc.+1 888 897
5536inquiries@questwatersolutions.comwww.questwatersolutions.comJacqueline
McClure, Corporate CommunicationsQuest Water Global, Inc.+1 604 565
1103jmcclure@questwatersolutions.comIsaac Kalonji Jr., President
& Co-FounderKalo Products SARLUS +1 559 724 7386 DRC +243 820
770 608i.kalonji@kaloproducts.comwww.kaloproducts.comRichard
Hoffman, President & Co-FounderAmerican Venture Mergers &
Acquisitions, LLC+1 602 373
4479richard@avma.comwww.avma.com |
Source: Quest Water Global, Inc.
Orange (EU:ORA)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Orange (EU:ORA)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024