Memorandum of Understanding Signed by Miranda Water Treatment Systems and Rainmaker Worldwide Inc.
2022年10月5日 - 10:02PM
InvestorsHub NewsWire
PETERBOROUGH, Ontario and ANKARA, Turkey -- October 5, 2022 --
InvestorsHub NewsWire -- Rainmaker Worldwide Inc. (OTC:
RAKR) (the “Company” or “Rainmaker” or “RAKR”) and Miranda
Water Treatment Systems (“MWTS”) have signed a Memorandum of
Understanding (MOU) to formalize the integration of the
two firms at both strategic and operating levels.
“This next step allows for much closer coordination of
resources, and closely aligns MWTS with RAKR to better serve global
water and wastewater treatment needs,” stated Bulent Hatay, CEO of
MWTS. “Miranda already has installations in more than 35 countries
and RAKR will expand this reach with its global scope and synergy
with its portfolio of water products. We look forward to our
continuing collaboration with RAKR to get our technology in the
hands of people who truly benefit from it.”
RAKR is in the process of building a financial consortium to
affect the purchase of reciprocal stakes between the respective
companies which will result in the proportional consolidation of
MWTS financial results. The individual operating entities will
continue business as usual. Management of RAKR believes that this
will ultimately lead to RAKR becoming revenue and EBITDA
positive.
Chairman and CEO of Rainmaker Michael O’Connor said, “We believe
that the technological, operating, marketing and sales expertise of
MWTS will be invaluable to the future success of RAKR. These are
very exciting times for both companies to mutually benefit from
leveraging market reach and provide an A-Z suite of water
technologies to serve our clients in the most efficient way
possible.”
Both companies are in the midst of defining definitive
agreements and finalizing mutual due diligence. Upon signing of the
definitive agreements, the parties will release the purchase terms,
as well as the full integration plan. There can be no assurance
that the parties will reach a definitive agreement.
About Rainmaker Worldwide Inc.
Rainmaker Worldwide Inc. (OTC:
RAKR) is a leader in affordable water solutions through a
Water-as-a-Service business model. RAKR is headquartered in
Peterborough, Canada. The Company provides economical drinking
water at scale wherever it is needed. Rainmaker was recognized as
the Best Community Impact Water Solutions Global 2020 by Capital
Finance International. For the latest product information and
FAQs, please visit www.rainmakerww.com.
About Miranda Water Treatment Systems
Miranda Environmental Water Services is an internationally
recognized leader in biological water & wastewater treatment
and water reuse systems. Miranda is headquartered in Ankara,
Turkey. The Company’s wastewater treatment systems are sold and
supported by a global network of distributors, dealers and
installers. For the latest product information and FAQs, please
visit https://mirandawater.com.
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 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 Contact
Rainmaker Worldwide Inc.
Michael O’Connor
Executive Chairman and Chief Executive Officer
info@rainmakerww.com
Rainmaker Worldwide (PK) (USOTC:RAKR)
過去 株価チャート
から 10 2024 まで 11 2024
Rainmaker Worldwide (PK) (USOTC:RAKR)
過去 株価チャート
から 11 2023 まで 11 2024
