Rainmaker Worldwide Inc. Announced Today the Signing of a Joint Venture With the Carlaw Group Ltd. to Provide Water...
October 08 2020 - 8:47AM
InvestorsHub NewsWire
Rainmaker Worldwide Inc. Announced
Today the Signing of a Joint Venture With the Carlaw Group Ltd. to
Provide Water to Kenya, Senegal, Sierra Leone and Togo
Peterborough, Canada -- October 8, 2020 -- InvestorsHub NewsWire
-- Rainmaker Worldwide Inc. (OTC:
RAKR) today announced a Joint Venture (“JV”) with the Carlaw
Group Ltd. (“Carlaw”) to address the severe water crises across
Africa. Carlaw and partners have been operating mission critical
infrastructure projects in Africa since 2006. This expertise
will complement Rainmaker as it deploys its innovative Air-to-Water
technology to bring water on-demand to communities lacking access
to environmentally safe drinking water.
The partnership will distribute this water through a proposed
water distribution agreement within the mining and construction
sectors as well as through a bottled water operation using
Rainmaker’s hybrid energy Air-to-Water solutions. The
partnership once fully deployed could reach USD $50 Million
annually.
The JV will establish a subsidiary in Africa with a 51%/49%
ownership Rainmaker/Carlaw that will implement Water-as-a-Service
(WaaS) solutions in Kenya, Senegal, Sierra Leone and Togo. It
will establish an urban initiative to work closely with the private
sector and global humanitarian organizations to identify the areas
experiencing severe water scarcity and then define appropriate and
innovative solutions.
Rainmaker CEO Michael Skinner stated, “The agreement to supply
our decentralized water solutions with our partner the Carlaw Group
is another example of how Rainmaker’s technology can provide
cost-effective water on-demand on an industrial scale to the
world’s most water-scarce regions. Carlaw’s extensive relationships
and working experience throughout Africa gives us direct access to
critical infrastructure partners and industrial sectors to deliver
massive offtake opportunities for our Water-as-a-Service
solutions.”
According to the World Health Organization (WHO), “2.2 billion
people around the world do not have safely managed drinking water.
Safe and readily available water is important for public health,
whether it is used for drinking, domestic use, food production or
recreational purposes.” Non-profit organization, Water.org affirms,
“The water crisis is a health crisis. Nearly 1 million people die
each year from water, sanitation and hygiene-related diseases.”
Global access to safe, clean drinking water would not only
drastically improve the health of millions, but according to WHO,
it would also be a massive contributor to poverty reduction and
economic growth.
However, access to fresh water is not enough; Rainmaker
understands that there is much more involved in delivering a modern
clean water solution. In using Air-to-Water units, water produced
is environmentally and socially sustainable, meaning it’s free of
chemicals with zero to small carbon footprints. Rainmaker’s urban
initiative will provide an approach to clean water and save
lives.
Carlaw Group Ltd.’s Director Perry Kotsopoulos says, “The global
water crisis has a crippling effect on social and
economic conditions throughout Africa. It will continue
to devastate under-served and struggling communities’ access to an
essential human right – clean water. The Carlaw Group is committed
to working with Rainmaker to deliver innovative channels of
distribution allowing for quick access to such a critical
resource.”
About Rainmaker Worldwide Inc.
Rainmaker Worldwide Inc. (OTC:
RAKR) is a leader in technology that produces clean, affordable
water. Headquartered in Peterborough, Canada, with an innovation
and manufacturing center in Rotterdam, Netherlands, the Company’s
patented water technology provides economical drinking water at
scale wherever it’s needed. On July 15, 2020, Rainmaker
announced a merger agreement with Sphere 3D, expected to close
by the end of 2020 pending on customary regulatory and shareholder
approvals. This acquisition presents tremendous growth opportunity
providing additional access to capital markets to help solve the
global water crisis on a greater scale. Rainmaker Worldwide Inc.
was recognized as the Best Community Impact Water Solutions Global
2020 by Capital Finance International. For more information
about Rainmaker, visit www.rainmakerww.com.
About the Carlaw Group Ltd.
Carlaw Group Ltd. is ideally placed to serve our investment
partners by offering in-depth market knowledge and extensive
experience throughout the African continent. Our management teams
20 years of experiences operating in the region providing critical
insights for Africa-based transactions, particularly in natural
resources. Our in-depth knowledge of legal, economic and political
issues in unique transactional and public policy combination to
help clients achieve their Africa business strategies. Successfully
investing in Africa requires a keen ability to quantify and
mitigate not only financial risk, but also legal and political
risk. Indeed, often the hardest risks to quantify – the risks most
likely to prevent financing – are those largely controlled by a
government. Our ability to strategically engage the public policy
mechanism, in concert with our legal expertise, helps clients
successfully enter markets, overcome challenges while operating
there, and protect and grow their investments – something few other
firms can offer. With our team of dedicated lawyers and key
members throughout the continent, we support our partners across a
range of industry sectors to successfully execute African inbound
investment from all major markets.
Forward-looking Statements
Certain matters discussed in this announcement contain
statements, estimates and projections about the growth of
Rainmaker’s business, potential distribution partnerships and/or
clients, and related business strategy. Such statements estimates
and projections may constitute forward-looking statements within
the meaning of the federal securities laws. Factors or events that
could cause our actual results to differ may emerge from
time-to-time. Rainmaker’s undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. The
recipient of this information is cautioned not to place undue
reliance on forward-looking statements.
Investor Contacts
The Blueshirt Group
Whitney Kukulka
Managing Director
+1 (415) 489-2188
investors@rainmakerww.com
Rainmaker Worldwide Inc.
Michael Skinner
Chief Executive Officer
+1 (705) 201-1020
info@rainmakerww.com
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