Shares of Energy And Water Development (OTCMKTS:EAWD) moved higher on Friday, extending its weekly gains to 27%.
Market Reaction
On Friday, EAWD stock moved up 15.91% at $0.5100 with more than 59.80K shares, compared to its average volume of 31.45K shares. The stock has moved within a range of $0.4500 – 0.5100 after opening the trade at $0.4500.
Major News
Energy And Water Development (OTCMKTS:EAWD) has made an announcement that the company’s filing for global trademark protection of their name and logo has been formally accepted. After receiving the final official registered protection, the company will step up on marketing initiatives and introduce their cutting edge energy-supplied Atmosphere Water Generation (eAWG) systems to a wider audience.
This development happens just after the acceptance of their international patent application by the World Intellectual Property Organization (WIPO). This organization is responsible for protecting patents and trademarks in more than 150 countries including the United States, EU, Russia, China, India, and Brazil.
Energy consumption and large carbon footprint are the main issues when it comes to the atmosphere water generation process. With the aid of the eAWG system, both situations can be addressed. It is made using state-of-the-art energy management and storage system, along with high efficiency compressors and high-performance efficiency solar glass panels that produce energy required by each unit to transform moisture in the air into clean water. This water is then used for drinking, agricultural, and industrial purposes.
Irma Velazquez, the company’s COO states that with the receipt of this trademark protection, the eAWG systems will be swiftly deployed to combat the issue of water scarcity globally.
Key Quote
“Regardless the challenges that companies like EAWD must face, we have been moving forward with several initiatives to strengthen our company while awaiting our trademark protection,” said Irma Velazquez, MSc – COO. “Now that this is in place you will see rapid progress in the deployment of our eAWG systems to alleviate the water scarcity crisis in markets around the world. We are looking forward to sharing more good news about the company in the very near future.”
