MEXICO CITY, MEXICO / ACCESSWIRE / December 5, 2023 / Energy and Water Development Corp (OTCQB:EAWD) ("EAWD" or the "Company") today announced that in response to the pressing water crisis gripping Mexico City, on December 1, 2023, EAWD and several significant landowners of the Magdalena Contreras Municipality signed a joint Memorandum of Understanding ("MOU") to formalize their commitment to join forces to initiate a groundbreaking project: the first Off-Grid Atmosphere Water Generation Plant on the American continent. The MOU lays out the groundwork for the development of this pioneering facility and this partnership marks a significant step in confronting the city's water scarcity challenges, which have been exacerbated by disastrous rainfall patterns and historic lows in the reservoir levels of the Cutzamala system.
"The Off-Grid Atmosphere Water Generation Plant is set to revolutionize how we address water scarcity challenges," said Irma Velazquez, CEO of EAWD. "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 Off-Grid Atmosphere Water Generation Plant's first phase is planned to span 5,000 square meters, with additional plans for a 30-hectare facility in subsequent phases, capable of producing millions more liters of water than the original plant. What makes this project even more remarkable is its complete energy self-sufficiency, drawing power from renewable sources to minimize environmental impact.
This collaborative effort demonstrates a commitment to innovative solutions as we grapple with the growing water scarcity challenges in Mexico City and around the world. With climate change intensifying droughts and depleting water resources, the Off-Grid Atmosphere Water Generation Plant is a beacon of hope for a sustainable water future.
EAWD and the landowners of Magdalena Contreras Municipality are proud to lead this pioneering project, which has the potential to offer a sustainable, off-grid solution to the water scarcity crisis.
For further information or media inquiries, please contact:
Enrique Lendo
enrique.lendo@energy-water.com
Antonio Portilla del Signo
antoniosp@energy-water.com
info@energy-water.com
About Energy and Water Development Corp (EAWD):
At Energy and Water Development Corp (EAWD), we stand as a pioneering engineering services firm, established as an outsourcing green tech platform with a strong emphasis on sustainable solutions for water and energy. Our vision drives us to tackle the pressing issues of water scarcity by actively engaging in the creation of forward-thinking, innovative, and off-grid solutions for both water and energy generation. As part of our global presence, EAWD Mexico SA de CV operates as a wholly-owned subsidiary, further strengthening our commitment to addressing critical environmental challenges.
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Cautionary Statement Regarding Forward Looking Information
This press release contains, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "approximate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods or comparable terminology or by discussions of strategy or trends. Examples of forward-looking statements include, among others, statements we make regarding the commencement of the project, the results, size, and success of the proposed project, and potential growth opportunities. You should not place undue reliance on these forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties, including but not limited to general economic, financial, legal, political and business conditions and changes in domestic and foreign markets. Additional risks and assumptions that could cause results to differ materially from those described above can be found in EAWD's Form S-1 filed on October 30, 2023, which is also available from its website at www.energy-water.com under the "Investors" tab, and in other documents EAWD files with the SEC.
Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our 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 statements we may make. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make in this release are reasonable, we can give no assurance that these plans, intentions or expectations will be achieved or occur, and actual results could differ materially and adversely from those anticipated or implied by the forward-looking statements.
Any forward-looking statement made by EAWD in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
SOURCE: Energy and Water Development Corp
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