The AquaFer System Is a Water-Generating Process That Extracts and Condenses Pure Drinking Water From the Atmosphere
PENSACOLA, FL - (NewMediaWire) - September 01, 2015 - Gear International, Inc. (OTC PINK: GEAR) - Gear International, Inc. (GEAR) is pleased to announce that it has entered into an agreement with the owners of a proprietary technology known as "AquaFer™", an atmospheric distillation process that produces clean water economically from atmospheric air. As a result of the joint venture, the group has collectively formed the company Applied Integrated Dynamics, Inc.
Pursuant to the terms of the agreement, GEAR will receive 25% of the founder stock in Integrated Dynamics, Inc. in exchange for providing the capital and financing necessary to begin manufacturing of the AquaFer "Q" System and continue further development of the technology for a large and expanding list of product applications and market segments. GEAR will also maintain an ongoing management role in the marketing and expansion of the company and its technology as directed by the intellectual property owners.
AquaFer has a technological advantage over all known competitors and processes in that it:
- Utilizes air as a source for water
- Production is onsite and can be deployed in virtually any location
- Produces consistently higher quality water
- Is economically superior
- Can produce water where there is no water
GEAR's CEO, Carlton Wingett, is quoted stating, "The AquaFer technology is truly a revolutionary technology that has immense global implications. The volume of water contained in the atmosphere on a daily basis has been estimated to be greater than 3,400 trillion gallons of fresh, pure untapped water... renewed daily by nature. AquaFer systems can be designed to produce small or large quantities of water daily and can be utilized effectively practically anywhere in the world. Given the recent adage that "Water is the new Oil" we feel that GEAR and its shareholders share a promising opportunity to benefit from the Company's substantial ownership stake in this joint venture. Applied Integrated Dynamics is in a unique position to become a world leader in the atmospheric distillation and water provisioning industry through this innovative proprietary process."
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Gear International, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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