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Tuesday, November 29, 2022

Energy & Water Development Corp (OTCMKTS: EAWD) Getting Noticed as Co’s International Patent Application for its Off Grid EV Charging Station Accepted by WIPO

Energy & Water Development Corp (OTCMKTS: EAWD) is starting to see some interest from investors after recently dropping below a dime and hitting lows of $0.061. The stock started trading in November of last year and rocketed up from around $0.10 to $1 before a slow extended drift downward that has culminated in EAWD trading at an $11 million market valuation and trading well under a dime. While the stock dropped steadily in 2022 the Company was busy making significant advancements including uplisting to the OTCQB and moved forward with its expansion in Europe by joining a pioneering project in Grunheide that stands for sustainable development and establishing a German subsidiary signaling commitment to local markets.  

The stock is starting to get noticed after the Company announced the international patent application has been accepted by the World Intellectual Property Organization (WIPO) for the Company’s off grid self-sufficient, energy-supplied EV charging station system.  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. 

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Energy & Water Development Corp (OTCMKTS: EAWD) is an engineering solutions company focused on delivering innovative and sustainable solutions for energy and water supply. EAWD builds its systems out of proven technologies, using 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 is an engineering services company formed as an outsourcing green tech platform, focused on sustainable water and energy solutions. The Company builds water and energy systems out of already-existing, proven technologies, utilizing our technical know-how to customize solutions to our clients’ needs. They also offer design, construction, maintenance and specialty consulting services to private companies, government entities and non-government organizations (NGOs). 

In view of the increased world-wide demand for water and energy, our business goals are focused on sustainable water generation and green energy production. To accomplish this, EAWD set out to establish an outsourcing green tech platform, providing engineering and technical consultation services to design the most sustainable technological solutions that can provide water and energy. The Company also intends to secure all required technical, maintenance, education, and training related to the identified technology solutions. To this end the Company has sought potential collaboration with green tech research and development centers in Europe and has established a subsidiary in Hamburg Germany, where we have started to assemble the patent filed innovative Self Sufficient Power Supply Atmosphere Water Generation Systems (eAWGs). 

Energy & Water Development presently assembles its patent filled eAWGs at its workshop in Germany and outsources most of its engineering and technical services as well as services relating to the promotion, selling, and distribution of the identified technological solutions. We presently have only six employees, from those; Mr. Hofmeier, is our President, Chief Executive Officer, Chairman of the Board, and a significant stockholder, and Ms. Velazquez, is our Chief Operating Officer, Vice-Chairman, and a significant stockholder. 

On April 19 EAWD announced financial and operational results for the year ended December 31, 2021. Key Financial Highlights for Year Ended December 31, 2021 Compared to Prior Year Period 

  • Revenue increased to $550,000, from $0 
  • Gross profit increase to $200,000, from $0 
  • Gross margin of 36% 
  • Operating loss decreased 87% to $937,795 
  • Cash balance of $589,668 

Business Highlights for the Year Ended December 31, 2021 

  • Recognized first revenues in company history with deployment of energy and water system in Mexico 
  • Moved forward with its expansion in Europe by joining a pioneering project in Grunheide that stands for sustainable development 
  • Established German subsidiary signaling commitment to local markets 
  • Received global trademark protection for name and logo 
  • Received global patent protection for energy-free water generation technology 

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EAWD

Subsequent Events 

  • Uplisted to the OTCQB 
  • Established common stock equity agreement of up to $5 million to support growth, along with $300,000 fixed price equity investment 
  • Eliminated all variable convertible debt 
  • Engaged ClearThink to lead expanded investor relations program 

Ralph Hofmeier, Chief Executive Officer of Energy and Water Development Corp., commented, “2021 was a very successful year for our Company and sets us up to accelerate the number of active projects and revenue in 2022. We are ready to enter the next growth phase of our business, as we focus on revenue-producing innovative water and energy generation system projects starts with our first project in Germany in the city of Grünheide (Mark), just 20 miles east of Berlin’s city center. As the global water crisis intensifies, communities around the world are desperately searching for alternatives to groundwater for their residential and industrial water needs. This is especially relevant with Tesla’s nearby European Gigafactory in Germany. We are ready to meet and satisfy these water shortage challenges with our patent filled eAWGs (energy-supplied Atmosphere Water Generators) that utilize solar glass panels to power ultra-efficient refrigeration technology that turns moisture in the air into water. We have a robust pipeline of project opportunities, mainly in Europe and Mexico. Our technology will become more prevalent as climate change continues to put pressure on water resources around the world.” 

On September 27 EAWD announced the 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. 

“The acceptance of our global patent application allows us to move forward rapidly with the development and deployment of our off grid self-sufficient, energy-supplied charging stations,” said Irma Velazquez, MSc – CEO. “This will provide a sustainable and affordable solution to the one of the most urgent challenges Europe and the rest of the world are facing on e-mobility.” 

EAWD will hold a live demonstration of their charging station before the end of the year. 

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Currently trading at a $11 million market valuation EAWD is fully reporting OTCQB with little debt on the books and growing revenues according to recent financial statements that recently eliminated all variable convertible debt on the books. EAWD currently has 177,870,062 shares outstanding, 146,876,592 of which are restricted and a float of just 26,450,001 shares. This is an exciting story developing in small caps, the Company just report the international patent application has been accepted by the World Intellectual Property Organization (WIPO) for the Company’s off grid self-sufficient, energy-supplied EV charging station system.  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 has a history of big moves running from around $0.10 to $1 in November 2021. We will be updating on EAWD when more details emerge so make sure you are subscribed to Microcapdaily.

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

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