VANCOUVER, CANADA, Nov. 28, 2023 (GLOBE NEWSWIRE) -- QUEST WATER GLOBAL, INC. (OTC Pink: QWTR) ("Quest" and/or the "Company"), an innovative water technology company and developer of the solar-powered AQUAtapTM water purification, desalination, and distribution technology, provides the following global expansion plans.
Quest Water Global, Inc. is pleased to announce the establishment of a strategic partnership in South Africa with AQUAtapTM Oasis South Africa (Pty) Ltd. This partnership marks a significant milestone for the Company and is a testament to their commitment to promoting diversity and economic empowerment in the region. AQUAtapTM Oasis South Africa (Pty) Ltd. will have access to Quest Water Global, Inc.'s water technologies, market-driven business model, and expertise, while also benefiting from the knowledge and experience of their local partners.
AQUAtapTM Oasis South Africa (Pty) Ltd is a BEE (Black Economic Empowerment) compliant company, with 51% of its equity held by two Black-owned South African companies. These partners are highly reputable and accomplished, making them ideal collaborators for the Company. The remaining 49% of the equity is owned by Quest, solidifying their commitment to the partnership.
Black Economic Empowerment is a policy of the South African government which aims to facilitate broader participation in the economy by Black people. A form of affirmative action, it is intended especially to redress the inequalities created by apartheid.
"We are thrilled to partner with Yonga Industries (Pty) Ltd. and Yorown Energy (Pty) Ltd. in forming AQUAtapTM Oasis South Africa (Pty) Ltd., and to contribute to the economic empowerment of the region. This partnership aligns with our core values of diversity and sustainability, and we are confident that together, we can make a positive socioeconomic impact in South Africa," stated John Balanko, President & CEO of Quest Water Global, Inc.
Quest Water Global, Inc. is also currently forming new partnerships in Kenya and the South Pacific Island Nation of Kiribati to establish sustainable clean water initiatives within each country. Working closely with its local partners, the Company will be implementing innovative solutions to provide access to affordable and reliable clean drinking water, with the goal of improving the overall health and well-being of the communities in these countries. This expansion is evidence of Quest Water Global's commitment to making a positive impact on a global scale.
Read More: https://www.globenewswire.com/news-release/2023/11/28/2787302/0/en/QUEST-WATER-GLOBAL-EXPANDS-INTO-SOUTH-AFRICA.html