SPOKANE, WA--(Marketwired - November 03, 2015) - Ambient Water (OTCQB: AWGI), a leading provider of atmospheric water generation systems for extracting water from humidity in the air, today filed its Form 10Q for the third quarter ending September 30, 2015, reporting increased sales and more effective cost controls resulting in the Company's narrowest loss in the last three years.
"First and foremost, we are pleased with the significant increase in sales during third quarter 2015, as interest in our atmospheric water generation technology continues to grow. Geographic areas experiencing the most growth include the US, Central America and the Middle East. We are excited seeing some of this growth due to orders from our newer distributors," said Keith White, Founder and CEO of Ambient Water. "Water scarcity issues currently affecting regions across the globe have driven interest in our technology, and we hope to see sales continue to increase as we further showcase our product as a solution to drought and other challenges surrounding water availability. The company also implemented effective cost controls during the quarter, an initiative we've emphasized as we continue toward our goal of generating positive cash flow and increased value to shareholders."
White continued, "We're encouraged by the positive response garnered during several high profile exhibitions of our technology during the quarter, including California and Indonesia. We continue to identify market opportunities for which our atmospheric water generation technology is an effective solution. We look forward to exploring more options in agriculture and vertical farming, the oil and gas industry, as well as drought and disaster relief over the coming months as governments, NGOs, and companies continue their search for solutions to the world's water shortage issues."
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 vertical farming, while also providing fresh drinking water for homes, offices, and communities.
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. Our scalable and modular systems can be configured for a variety of water-sensitive applications ranging from drought and disaster relief 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.
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.
Source: Marketwired (Canada)
(November 3, 2015 - 3:00 AM EST)
News by QuoteMedia