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Tuesday, January 31, 2023

Energy & Water Development Corp (OTCMKTS: EAWD) Steady Move Upwards Since Reversal Off 52 Week Lows in December

Energy & Water Development Corp (OTCMKTS: EAWD) has been making a steady rise up the charts in recent days since reversing off $0.0242 lows at the end of December. The stock is on speculators watch lists as it moves up over 52 week lows. EAWD ran to over $1.50 in 2020 and $1 in 2021. On Wednesday, EAWD was up 33% closing over $0.05. 

The reversal up the charts comes a month after the Company retained CORE IR, a leading investor relations, public relations and strategic advisory firm, to assist the Company with investor relations and shareholder communications services. CORE IR will focus on expanding market awareness for EAWD, conveying the company’s business model and growth strategies to the institutional and retail investment communities. We will be updating on EAWD so subscribe to Investmillion.com right now by entering your email in the box provided below.  

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Energy & Water Development Corp (OTCMKTS: EAWD) is an engineering solutions company focused on delivering innovative and sustainable solutions of water and energy. EAWD builds water and energy systems out of already-existing, proven technologies, utilizing their technical know-how to customize solutions to their clients’ needs. The company offers design, construction, maintenance and specialty consulting services to private companies, government entities and non-government organizations (NGOs). EAWD has sought potential collaboration with green tech research and development centers in Europe and has established a subsidiary in Hamburg Germany, where it has started to assemble the patent filed innovative Self Sufficient Power Supply Atmosphere Water Generation Systems (eAWGs). 

With its outsourced technical arm and its commission-based global network of vendors, the Company expects to create sustainable added value to each project it takes on while generating revenue from its engineering and technical consultancy services, project management, sale of our Self Sufficient Power Supply Atmosphere Water Generation Systems (eAWGs) Solar Energy Generation Systems and Energy Management Systems, royalties from the commercialization of energy and water in certain cases, and revenues from the licensed innovated technologies. 

Energy and Water Development Corp. | LinkedInEarlier in 2022 EAWD reported its international patent application has been accepted by the World Intellectual Property Organization (WIPO) for their off grid self-sufficient, energy-supplied EV charging station system. WIPO is a global alliance that ensures the protection of trademarks and patents in more than 150 countries including the United States, EU, Russia, China, India, and Brazil. 

This patent protects EAWD’s innovative technology that eases the impact of electromobility on the grid, a significant challenge facing the EV charging Industry. EAWD’s off grid, self-sufficient, energy supplied EV charging system uses a novel combination of state-of-the-art solar glass panels, high efficiency batteries, and energy management hardware and software to generate the required energy to provide charging for commercial electric trucks. EAWD is in the process of installing their system in a strategical location in the center of Germany. When this custom-built system comes online in a few months, it will be the first large off grid charging station for commercial trucks in the world. EAWD will hold a live demonstration of their charging station before the end of the year. 

EAWD recently announced significant improvements in the efficiency of its patent filled off grid atmosphere water generation technology. EAWD is able to generate nearly 40,000 gallons of water per day from the air with their largest units. That’s enough to provide water to 125 homes every day independent from any groundwater source. And best of all, it does so with no negative impacts on the environment. 

EAWD’s upgraded technology uses less than 100 watts to generate a liter of water which can easily be supplied via solar power. In recent tests at their lab in Rellingen, Germany, the smallest EAWD off grid water generation system was able to generate around 300 liters of water per hour at 40% humidity and an air temperature of 11 C (52 F). 

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In November EAWD announced it has signed a letter of intent with Trioflex Incubator (Pty) Ltd and KB Engineering GmbH to develop and implement renewable energy and water harvesting technology in South Africa. Trioflex Incubator and KB Engineering were appointed through a competitive bidding process with the Thabo Mofutsanyana District Municipality in South Africa’s Free State province as part of the Presidential District Development Model programs in infrastructure and agriculture, and renewable energy projects. 

EAWD and KB Engineering are working collaboratively to develop turnkey sustainable energy and water production plans worldwide, including other areas of southern Africa, Southeast Asia, Central America, South America, North America and Europe.

EAWD CEO Irma Velazquez, MSc said: “Water scarcity and infrastructure limitations of the current power supply continue to hinder development in South Africa and many other areas in the world in need of developing effective, efficient and sustainable off-grid production of drinking water and extended solar energy storage. Implementation of renewable energy and water harvesting technology projects will help improve lives and support the economic growth initiatives of the Thabo Mofutsanyana District Municipality.” 

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Currently trading at a $10 million market valuation EAWD os is 182,934,483 shares outstanding with 102,201,000 shares in the public float. The Company has a decent balance sheet with just over $1 million in liabilities and just $40,000 in convertible debt and is pre revenues. EAWD is an exciting story developing in small caps; as we described above the Company has its hands in a number of exciting projects as we described above. EAWD is getting noticed ever since the stock reversed off 52-week lows. We will be updating on EAWD when more details emerge so make sure you are subscribed to investmillion.com by entering your email below.

Disclosure: we hold no position in EAWD either long or short and we have not been compensated for this article.

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