SOURCE: Cardinal Resources Inc.

Cardinal Resources Inc.

November 19, 2015 09:30 ET

Cardinal Resources Panama Update; The First Panama Red Bird System Is Installed and Acceptance Is Moving Ahead

PITTSBURGH, PA--(Marketwired - November 19, 2015) - Cardinal Resources Inc. (OTC PINK: CDNL), a global producer of patented, solar powered, community-scale drinking water systems, with our team including its assembly partner, Forest Edge Technologies completed the start-up of the first Community Red Bird System - 10 in Soloy Panama. This CRB-10 is installed in Soloy as a demonstration of the capabilities of the patented Red Bird System for the community and Senior Engineers for the Republic of Panama. Local officials completed their initial inspection and the acceptance testing by Panamanian officials will be completed by early December. As a result of the initial demonstration the local officials have officially requested that three systems be installed in their community as early as February 2016.

Kevin Jones, Cardinal Resources CEO, stated, "The people of Soloy are thrilled that the first system is operating. The initial inspection by the community including the taste testing of the water, brought smiles all around at the prospect of having clean drinking water year around. In addition to the clean water the women and men who lead the community are excited about the training for the local members of the community in the operation and maintenance of the system."

The addressable Latin American market for clean water is enormous, with the World Health Organization estimating over 50.0 million people in the region are without adequate access to clean, pure water. In Panama, where the access to water is among the best in the region, the UNICEF and WHO 2013 update to Progress on Sanitation and Drinking Water estimates over 500,000 people lack access to clean pure water. Depending on the Red Bird model selected, just one system can provide clean water for communities of 5,000 to 20,000 people. Additionally, the installation of the CRB-10 system will enable Cardinal's distributor, Agua Saludable Group, to showcase an actively working Red Bird System to other potential customers from throughout the region.

About Cardinal Resources

Cardinal Resources brings a unique blend of experience, technology, and focus to projects worldwide and across the United States from its office in the Pittsburgh, Pennsylvania area. Its commitment to Clean Water, Clean Environment, Worldwide includes the patented Red Bird System, a solar-powered community-sized drinking water system, and the Grey Bird Approach to wastewater treatment and green infrastructure as well as a deep range of traditional environmental and engineering services. For more info, visit us at www.cardinalres.com.

Forward-Looking Statements

Certain statements in this presentation constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, such as business and political conditions in the geographic areas in which we sell our products, weather and natural disasters, changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which we are engaged.

The information set forth herein should be read in light of such risks. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this presentation and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company¹s expectations.

Contact Information

  • Company Contact:
    Kevin Jones
    412-374-0989