Memorandum of Understanding With Miranda Water Treatment Systems and Rainmaker Worldwide Inc. Extended
PETERBOROUGH, Ontario, Canada & ANKARA, Turkey -- March 27,
2023 -- InvestorsHub NewsWire -- Rainmaker Worldwide Inc.
(OTC:
RAKR) (the "Company" or "Rainmaker" or "RAKR") and Miranda
Water Treatment Systems ("MWTS") have expanded the previously
signed Memorandum of Understanding (MOU October
5, 2022) to include a financing partner to formalize the
integration of the three parties at both the strategic and
operating levels.
“This step allows for the parties to commit to a transaction
that will coordinate resources, and that will align MWTS with RAKR
to better serve global water and wastewater treatment needs,”
stated Bulent Hatay, CEO of MWTS. “Miranda has installations in
more than 35 countries and growing. RAKR will use its global scope
and synergy and its portfolio of water products to expand the
collective market of the companies. We look forward to our
continuing collaboration with RAKR to get our technology in the
hands of people who truly benefit from it. With the addition of a
strong and strategic financial partner this reach will be extended
even further.”
RAKR has now built a financial consortium to affect the purchase
of reciprocal stakes between the companies which RAKR believes
could result in a material enhancement to Rainmaker’s financial
performance. The individual operating entities will continue
business as usual and should be in a period of rapid expansion. The
management of RAKR continues to believe that this could 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.
Since the original signing of the MOU we have been working hard,
hand in hand, to develop projects in areas where Miranda has yet to
develop. We look forward to announcing these projects in the near
future where both of our technologies are used in tandem.”
Following a site visit to Miranda’s newly commissioned
installation in Sturgis, South Dakota, the parties will decide on
next steps if they unanimously agree to proceed. 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
