SOURCE: Ambient Water

Ambient Water

September 08, 2015 03:00 ET

Ambient Water Signs Memorandum of Understanding With Penida Capital for Exclusive Manufacturing and Sale of AW2500 in Indonesia

Both Companies to Publically Sign MOU at ASEAN Mayors and Makassar Investment Forum; Ambient Water CEO Keith White Also to Speak as Part of "SMART CITY in Makassar, Making it Work" Panel

SPOKANE, WA--(Marketwired - September 08, 2015) - Ambient Water (OTCQB: AWGI), a leading provider of atmospheric water generation systems for extracting water from humidity in the air, today through its subsidiary, announced the signing of a Memorandum of Understanding (MOU) with Penida Capital Advisors Ltd., an Indonesian corporation, for exclusive rights to manufacture and sell the AW2500 within the 10-member economies of ASEAN (Association of Southeast Asian Nations). The MOU is non-binding and contemplates the preparation and execution of definitive agreements.

Members of ASEAN's 620-million population region include Indonesia, Philippines, Vietnam, Thailand, Malaysia, Singapore, Brunei, Cambodia, Laos, and Myanmar. Both companies will sign the MOU publically on Tuesday, September 8, 2015 at the ASEAN Mayors and Makassar Investment Forum taking place in Indonesia.

The MOU will allow Penida Capital, through a Special Purpose Company, to establish an exclusive manufacturing license in the ASEAN region for the AW2500, Ambient Water's residential model of its atmospheric water generation technology, which can produce up to five gallons of drinkable water per day from the humidity which exists in the air. Additionally, Penida Capital, through a special purpose company, will sell Ambient Water's commercial and industrial units such as the flagship AW400. The commercial and industrial units can produce anywhere from hundreds to thousands of gallons of water per day, making them an ideal solution to bulk water needs. The MOU contemplates that Ambient will own a 30% equity stake in the Special Purpose Company.

"Indonesia has had some well documented issues with water -- notably an inadequate supply and challenges with delivery and cleanliness. These issues have slowed economic growth in under-serviced regions which require a clean and sustainable water solution," said Keith White, Founder and CEO of Ambient Water. "Through this agreement with Penida Capital, we will strive to bring a safe water source to homes, businesses, and other areas with bulk water needs throughout the entire ASEAN region, so that everyone will be able to drink without fear of illness. We're thrilled to be working with Penida Capital and to bring our technology in to this strategically important region."

"We are excited to enter into this MOU with Ambient Water for delivering a sustainable source of clean, drinkable water to Indonesia and ASEAN," said Dewi Sri Umi, Managing Director, Penida Capital. "The ever-increasing demands of the region requires a solution that can provide a safe and continuous water source, and we believe Ambient Water's technology does just that." ­

Ambient Water CEO Keith White will also be part of a panel at the ASEAN Mayors and Makassar Investment Forum called "SMART CITY in Makassar, Making it Work!" on Tuesday, September 8 from 13:30-15:00 Central Indonesian Time. White will join other business leaders in a discussion on how innovations can improve Makassar as a city and for its residents.

Ambient Water's patented atmospheric water generation technology literally makes water out of thin air, transforming humidity into an abundant source of clean water near the point of use. With multiple systems already commercially available or in development, the Company's technology produces clean and fresh water for a host of commercial industries, including oil and gas exploration and farming, while also providing fresh drinking water for homes, offices, and communities.

A full list of features and specifications of the Ambient Water 2500 can be found here.

About Ambient Water Corp.
Ambient Water pioneered atmospheric water generation technology for extracting water from humidity in the air. Drawing from the renewable ocean of water vapor in the air that we breathe, the Company's patented technology cost-effectively transforms humidity into an abundant source of clean water near the point of use. The scalable and modular systems can be configured for a number of water-sensitive applications ranging from oil and gas exploration to vertical farming. The systems can also be configured to produce high quality drinking water for homes, offices, and communities. For a thirsty planet on the verge of a water crisis, Ambient Water makes clean water out of thin air. To learn more about Ambient Water, visit our website at http://www.AmbientWater.com.

About Penida Capital Advisors, Ltd
Penida Capital is an execution management and investment advisory firm focused on the strategic deployment of capital benefiting growth opportunities in Indonesia and ASEAN.

Website: http://www.penidacap.com

Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently and other factors detailed in reports filed by the Company.

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