Rainmaker Worldwide
and Pi Eco Announce a Strategic Investment
and Global Reseller Agreement
PETERBOROUGH,
Ontario, Canada -- January 30, 2020 -- InvestorsHub NewsWire
-- Rainmaker
Worldwide Inc. (OTC
PINK: RAKR) is
extremely
pleased to
announce a
comprehensive strategic investment by Pi Eco USA (www.pi.eco). This
investment brings working capital for Rainmaker to fuel growth and
upcoming deployments.
In addition
to the 500,000 USD capital injection,
Pi Eco provides distributor and executive synergies that will be
invaluable to Rainmaker and Pi Eco. Pi Eco has well-developed
strategic relationships in Asia, Middle East, Central and South
America and the US across a wide range of industrial and commercial
sectors.
(Pi-Eco
Launch)
Rainmaker
and Pi Eco
share a common goal and philosophy to address global issues
using innovative
and environmentally friendly technologies.
Pi
Eco shreds,
sorts
and
segregates
plastic
waste
to ensure a
ready-to-use
state and converts
the waste to
heating oil, bunker fuel and/or ASTM II diesel. Each Pi
Eco system
converts 4000 lbs/ hour of plastic waste to 1,520
liters
of road ready diesel. One of many
potential synergistic opportunities is an integrated Rainmaker/Pi
Eco system for landfill sites -- treating
contaminated water while at the same time recycling high volumes of
plastic in an efficient manner into diesel fuel.
Michael
O'Connor, Executive
Chairman of Rainmaker
Worldwide Inc.
said, "I am
extremely pleased to engage in a broad based global strategic
relationship with Pi Eco. Our innovative technologies combined with
the complementary talents of our executive teams will further drive
both Rainmaker and Pi Eco growth. The global reach of the business
development teams will accelerate the value of both
companies."
Kyle
Barnette, CEO of Pi Eco USA said, "Adding innovative and
cost-effective water technology to our waste-to-energy solutions is
a natural fit. We expect to deliver these solutions globally in the
near future to the benefit of Rainmaker and Pi Eco shareholders."
Pi Eco with its enterprise partners throughout Asia, India and
Central and South America as well as the United States will be
rolling out the Rainmaker technologies on multiple
Water as a Service
projects in the coming months. Stephen Kalyta,
CEO of Pi Eco Canada said, "The
combined
management
expertise and
strategic
relationships from both companies will
create a
commercially proven and scalable solution for some of humanity's
most pressing environmental problems."
Michael
Skinner, Rainmaker CEO said, "This alliance allows Rainmaker to
leverage Pi Eco's existing worldwide distribution channels and
global operational and technical resources."
About Rainmaker Worldwide
Inc.
Rainmaker
Worldwide Inc. (OTC
PINK: RAKR)
is headquartered in Peterborough, Canada, with an innovation and
manufacturing center in Rotterdam, Netherlands. Our patented water
technology provides economical drinking water at scale wherever
it's needed.
Our key
global markets are:
- The
humanitarian sector where we are helping to bring safe drinking
water to over 800 million people who are living without access to
clean water
- The
commercial sector with a focus on oil and gas, agri-food
and mining that needs a cost-effective, environmentally friendly
solution for cleaning their wastewater
Rainmaker
builds two types of energy-efficient, fresh water-producing
technologies:
- Air-to-Water,
which harvests fresh water from the air
- Water-to-Water,
which transforms seawater or polluted water into drinking
water
The
technology is both wind and solar powered, is deployable anywhere,
and leaves no carbon traces. We also offer options for hybrid, grid
and diesel-powered models.
Air-to-Water
units are available in three standard sizes, producing 5,000,
10,000 or 20,000 liters of drinking water per unit per day.
Water-to-Water units are also available in three standard sizes
producing 37,500, 75,000 or 150,000 liters per unit per day. In the
humanitarian sector, Rainmaker technology is suitable for
communities of 200 to 30,000 people, depending on number of units
deployed.
Our goal is
to become a global leader in solving the worldwide water crisis.
Simply put, we're creating safe, drinking water where little or
none exists. Interested
parties can access additional information about Rainmaker on the
Company's website located at www.rainmakerww.com.
About Pi
Eco
Pi
Eco's (www.pi.eco)
mission is
to apply advanced leading-edge technologies to produce sustainable
and profitable solutions to global
pollution
problems. We
are dedicated to
removing and recycling in a sustainable manner, the pollution
resulting from man's advancing and inundating industrial growth.
For decades we have been thoughtlessly harvesting and then
discarding the resources of the globe including plastics, metals,
glass, rubber and
municipal
waste.
Pi Eco is a
global organization
with locations in the US, Canada and Europe and recently announced
a strategic partnership with STX Corporation of Korea
(www.stx.co.kr). STX is a
global industrial leader in energy trading, commodity trading,
machinery and engine trading, shipping and logistics and industrial
and consumer goods. STX Corporation has annual revenue in excess of
12.5 billion USD. (See -- https://www.gupta-verlag.com/news/industry/23654/korea-southusa-stx-to-set-up-jv-with-us-firm-on-plastic-recycling).
Through the
STX relationship and other similar partnerships, Pi Eco will bring
its substantial connections to bear and bring both technologies
into markets such as South Korea, Vietnam, Philippines,
India, Ecuador,
Peru,
Bolivia,
Paraguay,
Chile and
Argentina in the near term.
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's
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.
For more information please
contact:
Rainmaker
Worldwide Inc.
Michael
Skinner
info@rainmakerww.com
+1-877-334-3820
Rainmaker Worldwide (PK) (USOTC:RAKR)
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