United States : JOINT Venture with Applied Integrated Dynamics, Inc. for AquaFer Water Production Technology declared by Gear International Inc.
Gear International, Inc. (GEAR) is happy to declare that it has inked into an agreement with the owners of a proprietary technology known as AquaFer , an atmospheric distillation process that produces clean water economically from atmospheric air. Thus of the joint venture, the group has in a group formed the company Applied Integrated Dynamics, Inc.
GEAR under terms of the agreement will get 25% of the founder stock in Integrated Dynamics, Inc. in exchange for offering the capital and financing required to start manufacturing of the AquaFer Q System and continue further development of the technology for a large and expanding list of product applications and market segments. GEAR will in addition maintain an ongoing management role in the marketing and expansion of the company and its technology as directed by the intellectual property owners.
AquaFer has a technological advantage over all known competitors and processes in that it:
Uses air as a source for water
Production is onsite and can be deployed in virtually any location
Produces constantly higher quality water
Is economically better
Can produce water where there is no water
GEAR s CEO, Carlton Wingett said, The AquaFer technology is truly a revolutionary technology that has immense global implications. The volume of water contained in the atmosphere on a daily basis has been estimated to be greater than 3,400 trillion gallons of fresh, pure untapped water renewed daily by nature. AquaFer systems can be designed to produce small or large quantities of water daily and can be utilized effectively practically anywhere in the world. Given the recent adage that Water is the new Oil we feel that GEAR and its shareholders share a promising opportunity to benefit from the Company s substantial ownership stake in this joint venture. Applied Integrated Dynamics is in a unique position to become a world leader in the atmospheric distillation and water provisioning industry through this innovative proprietary process.
[c] 2015 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||Sep 23, 2015|
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