Ambient Water Signs Memorandum of Understanding with Frontier Hydrocarbons Ltd. for Exclusive Sale of Atmospheric Water Generators in Peru
Ambient Water (OTCQB:AWGI), a leading innovator of atmospheric water generation systems for extracting water from humidity in the air, today announced the signing of a Memorandum of Understanding (MOU) which outlines our collective intent to enter into a definitive agreement within the next 30 days. The MOU states that Frontier Hydrocarbons Ltd. will have exclusive rights to sell and market Ambient Water's atmospheric water generators in Peru. Exclusivity will be subject to and granted following the execution of a definitive agreement and payment for the initial stocking order of Ambient Water's residential and commercial units. We anticipate that the agreement will have an initial term of three years with an option for annual renewal based on annual sales quotas. The MOU is a non-binding expression of intent to enter into a formal contractual relationship.Ambient Water Identifies Market Opportunity in Southern Caribbean Due to Extreme Water Crisis in Region
Ambient Water (OTCQB:AWGI), a leading provider of atmospheric water generation systems for extracting water from humidity in the air, today addressed the sizeable market opportunity for its atmospheric water generation technology systems within the Southern Caribbean, where extreme drought continues to affect citizens across the region.