Healixa (OTC:EMOR) Inc said it has entered into a definitive solar component supply agreement with Solar Integrated Roofing Corp (OTC:SIRC), which will supply solar panels and other various components for its Global Aquaduct units (IOIs).
The company recently began accepting indications of interest to order the IOIs.
Healixa's proprietary Atmospheric Water Harvesting (AWH) technology is a game-changing clean water technology that can harvest potable water directly from the atmosphere almost anywhere on earth with minimal energy using solar power.
AWH is not reliant on relative humidity and can be operated sustainably to provide several hundreds of liters of potable water a day with a Global Aquaduct unit.
READ: Healixa begins accepting 'indications of interest' to order its Global Aquaduct units
"As we recently started accepting IOIs from government agencies, non-profit organizations, commercial customers, and others, we are also finalizing supply chain partners for mass production of the Global Aquaduct devices," said Healixa CEO Ian Parker in a statement.
"We selected Solar Integrated to supply solar components because of their large-scale US-based supply capabilities, as well as their significant expertise in solar power generation and storage."
Parker added: "We are excited to aligned with SIRC, who truly shares our passion for building truly sustainable communities. Through the share exchange component our mutual shareholders have the ability to participate in our mutual success.”
Healixa said it estimates that solar panel components will make up approximately 2.5% of Global Aquaduct unit production costs.
As per the signed supply agreement, there will be a share exchange between the companies whereby each SIRC shareholder will receive 100 shares of Healixa and each Healixa shareholder will receive 100 shares of SIRC. This is valid for shareholders of record as of February 28, 2022.
"We see the enormity of the opportunity with Healixa,” said David Massey, CEO of Solar Integrated Roofing.
“Being that we are based on the West Coast, we fully understand the need for sustainable sources of clean water. We look forward to enabling customers to unlocking the atmospheric water all around us. The applications for Healixa Global Aquaduct product are broad and far-reaching, providing the opportunity for significant revenues for both of our companies."
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