Innovative Water-generation Contract Amid Significant Mexico Drought Demonstrates Significant Market Opportunity for Energy and Water Development Corp. (EAWD)

 

• Significant drought conditions in Mexico with months to go before the fall rainy season have led to concerns one of the world’s most populous cities may soon run entirely out of water, with residents currently struggling to make the most of a limited supply
• Innovative green tech engineering services company Energy and Water Development Corp. has entered an MOU with some of the city’s residents to create first-of-its-kind Off-Grid Atmosphere Water Generation Plant that will extract moisture from the air to ease the crisis
• The facility is expected to generate about 3.2 million liters of water annually, with a later phase planned to produce millions more liters of water than the original plant
• EAWD is headquartered in Florida and has operations in Germany, where it is also developing solar-powered Off-Grid electric vehicle (“EV”) Charging Stations

A group of indigenous and non-indigenous people, gathering at an archaeological site in Mexico City earlier to pray for rain, highlighted concerns about a drought gripping much of the country (https://nnw.fm/CXf51). 

Around 60 percent of Mexico is experiencing moderate to exceptional drought, according to the National Commission on Water (https://nnw.fm/WoIoA). Mexico City is facing a severe water crisis, with experts fretting the metropolis of nearly 22 million people may run entirely out of water before the rainy season begins in the fall (https://nnw.fm/FHqT4).

Amid the crisis, “several significant landowners of the Magdalena Contreras Municipality” of Mexico City, where more than 200,000 of the city’s residents live, signed a joint Memorandum of Understanding (“MOU”) with Florida-based green tech engineering services company Energy and Water Development (OTCQB: EAWD) in December to deploy the company’s first Off-Grid Atmosphere Water Generation Plant on the American continent.

“The Off-Grid Atmosphere Water Generation Plant is set to revolutionize how we address water scarcity challenges,” Energy and Water Development Corp. CEO Irma Velazquez stated in the company’s announcement of the project (https://nnw.fm/rM9Fp). “In its initial phase, the plant is expected to produce approximately 3.2 millions of liters of water annually by extracting moisture directly from the air. This project represents a beacon of hope in the face of severe water scarcity and offers a sustainable, off-grid solution to ensure a reliable and sustainable source of clean water for Mexico City residents.”

The first phase of the plant will span 5,000 square meters, with subsequent phases adding a 30-hectare facility capable of producing millions more liters of water than the original plant. EAWD has also sold a similar system in Germany, and the company is working to develop additional orders.

EAWD is focused on delivering water and energy to extreme environments, emphasizing self-sufficient energy-supplied water generation and green energy production. Its patent-pending off-grid, self-sufficient energy supply atmosphere water generation (“AWG”) systems and solar-powered EAWD Off-Grid EV Charging Stations are built in Hamburg, Germany through subsidiaries EAWD Deutschland and EAWD Logistik.

Energy and Water Development Corp.’s most recent annual financial statement cited a United Nations Educational, Scientific and Cultural Organization (“UNESCO”) report noting that worldwide 2 billion people (26 percent of the planet’s population) do not have safe drinking water and 3.6 billion lack access to safely managed sanitation.

“This organization has identified an urgent need to establish strong international mechanisms to prevent the global water crisis from spiraling out of control,” the filing states (https://nnw.fm/Jva3P). “Recognizing the pressing nature of these challenges, EAWD is committed to crafting sustainable and renewable solutions. As such, EAWD is poised to become a pivotal player in an industry that is not only rapidly expanding, but also unlocking numerous new markets in response to these urgent environmental issues.”

In associated news, the company announced the April appointment of Bevilacqua PLLC as its new counsel for matters related to the U.S. Securities and Exchange Commission (“SEC”) and capital markets to strengthen its compliance and legal operations under market guidelines. EAWD regards the move as evidence of its commitment to uphold rigorous regulatory standards and promote corporate transparency (https://nnw.fm/ZG6BJ).

For more information, visit the company’s website at www.Energy-Water.com.

NOTE TO INVESTORS: The latest news and updates relating to EAWD are available in the company’s newsroom at https://nnw.fm/EAWD

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