QUEST WATER AND AQUATAP™ OASIS ANNOUNCE PARTNERSHIP WITH TRUST MERCHANT BANK AND LAUNCH OF NEW DISTRIBUTION-BASED BUSINESS MODEL
AQUAtap™ Oasis is a pioneer in the digital distribution of drinking water. Following the successful launch of its AQUAtap™ Application, integrated with Pepele Mobile, TMB’s mobile banking platform, AQUAtap™ Oasis is pleased to announce a new step in its partnership. From now on, the AQUAtap™ The Oasis network of independent distributors, or resellers, can buy water from AQUAtap™ Oasis Community Water Centers directly from their cell phones. Trust Merchant Bank played an important role in launching the distributor-based business model, providing access to micro-finance and training for new distributors. This new model should enable AQUAtap™ Oasis to reach more customers. For more information on the new business model and the role of TMB, please watch the following video: https://bit.ly/3h3REZz
“Our strategic partnership with
AQUAtap™ Oasis has so far attracted more than a dozen men and women as independent distributors who will each purchase clean water in bulk from the AQUAtap™ Oasis Community Water Centers and resell it in their respective communities.
AQUAtap™ Oasis is currently fundraising to further develop the company’s business model and scale it. The funds should enable AQUAtap™ Oasis reaches its goal of installing 500 AQUAtap™ Oasis Community Water Centers over the next five years as part of Phase 1 of the company’s impactful initiative, providing an affordable and reliable source of drinking water to more than 1.5 million underserved people.
About AQUAtap™ Oasis Partnership SARL
AQUAtap™ Oasis Partnership SARL is a strategic partnership between
About AQUAtap™ Oasis Community Centers
AQUAtap of the quest™ are self-contained, solar-powered, decentralized water purification and distribution systems. AQUAtap™ was designed primarily for use in rural or peri-urban areas where infrastructure is sparse or non-existent. AQUAtap™ is a cost-effective, sustainable and environmentally friendly turnkey solution that provides a safe, reliable and plentiful source of drinking water. Each unit is fully self-contained, powered by state-of-the-art photovoltaic panels. The energy-efficient AQUAtap™ is available in several configurations, depending on the application, water source and preferred delivery method. When used in conjunction with Quest’s inclusive Build-Own-Operate business model, as is currently the case in the DRC, the AQUAtap™ the systems are equipped with several cashless point-of-sale interface modules to enable the sale of clean water. Each AQUAtap™ converts contaminated fresh, brackish or sea water into clean, purified drinking water at a rate of up to 100,000 liters per day. The systems are both modular and scalable in design, easily allowing for increased water production, and are designed to operate in any environment and without any existing infrastructure. Housed in a custom modular enclosure, a single solar-powered AQUAtap™ is capable of producing drinking water for up to 5,000 people per day.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements, as that term is defined under applicable securities laws. The statements contained in this press release, which are not purely historical, are forward-looking statements. These statements are only predictions and involve known and unknown risks that may cause the actual results and the plans and objectives of the Company to differ materially from those expressed in the forward-looking statements, including: negative results of the operations of the Company ; the effects of government regulation on the Company’s business; risks associated with the Company’s ability to obtain and protect rights to its intellectual property; the risks and uncertainties associated with the Company’s ability to raise additional capital; loss of management; and other factors beyond the Company’s control. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity or performance. Further, any forward-looking statement speaks only as of the date such statement is made and, except as required by applicable law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unforeseen events. New factors emerge from time to time, and it is not possible for management to predict all of these factors and to assess in advance the impact of these factors on the Company’s business or the extent to which a factor, or a combination of factors, could cause actual results to differ materially from those contained in any forward-looking statement. Readers should also refer to the information on risk factors and other information described in the periodic reports of the Company filed from time to time with the
|+1 888 897 5536|
|+1 604 565 1103|
2022 GlobeNewswire, Inc., source