WaterPure International Inc. (OTCMKTS:WPUR) Provides Updates Regarding Green Tech Strategies
Founded in 2005, and based in Plymouth Meeting, Pennsylvania, WaterPure International, Inc. (OTCMKTS:WPUR), is a water and electric utilities innovation technology company that uses proprietary technology to render water and electric utilities more efficient, cost-effective, and carbon neutral. It manufactures and markets atmospheric water generators (AWG) for home/small office use and office or commercial use. AWG harvests drinking water from ambient air.
Market Stats
On Wednesday, WPUR stock slid 15.56% to $0.0038 with 5.22 million shares, compared to its average volume of 335K shares. The stock moved within a range of $0.0038 – 0.0076 after opening trading at $0.0045.
WPUR Updates Green Tech Strategy
WaterPure International, Inc. has provided a management update regarding the company’s efforts to combat the present economic conditions and explore alternative growth strategies in the ongoing pursuit of the company’s mission.
WaterPure International is a development stage company that owns several assets with proprietary properties applicable to the delivery of clean water. It is also involved in developing and acquiring clean electricity production and delivery technologies. Its mission is to enhance overall global sustainability. It aims to do so by seeking profitable new efficiencies and technologies to manage water supplies that reverse the growing global water scarcity and introduce new electricity production technologies that minimize carbon emissions.
The company’s business strategy depends largely on access to investment capital, but prevailing economic conditions aren’t ideal at this time. Economic conditions are cyclical, so the management is hopeful that access to capital to invest in the company’s business strategy will improve. As of now, the company is looking to conserve capital, while exploring alternative growth strategies and capital resources.
In May 2022, Priority Aviation, Inc. had announced that WaterPure International, Inc. would join the former’s partnership with Puration, Inc., for the purpose of building carbon-neutral student housing. Puration, Inc. will contribute by providing hemp as construction material, while WaterPure International, Inc. comes up with a solar-powered solution. Waterpure Inc. has even collaborated with Alternet Systems, Inc. to provide off-grid electric vehicle charging solutions.
Priority Aviation, Inc. is a technology company focused on student life. The company’s core technology is its soon-to-be-launched Student Housing By Owner (SHBO) APP designed to connect communities local to college campuses with students through an APP similar to Airbnb and VRBO but specific to the college community.
Traders Corner
WPUR stock is trading below the 20-Day and 50-Day Moving averages of $0.0046 and $0.0051 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0130.
