Welcome to our dedicated page for Quest Water news (Ticker: QWTR), a resource for investors and traders seeking the latest updates and insights on Quest Water stock.
Quest Water Global, Inc. (QWTR) is a water technology company in the utilities sector focused on delivering decentralized, solar-powered clean water solutions through its AQUAtap systems. Its news flow highlights how the company combines water technology, digital payments, and public-private partnerships to address water scarcity in underserved regions.
Investors and observers following Quest’s news can see updates on its AQUAtap Oasis Partnership SARL in the Democratic Republic of Congo, including the launch and growth of AQUAtap Community Water Centers and the development of the AQUAtap mobile app for cashless water purchases. News items describe how the app integrates with Trust Merchant Bank’s Pepele Mobile platform and the Orange Money digital platform, enabling a distributor-based business model and digital distribution of clean water.
Quest’s announcements also cover strategic partnerships and expansion plans, such as the 10-year public-private partnership with the National Office for Rural Hydraulics (ONHR) in the DRC to install 300 AQUAtap Community Water Centers, and the establishment of AQUAtap Oasis South Africa (Pty) Ltd, a BEE-compliant partnership in South Africa. Additional releases discuss proposed initiatives and partnerships in Kenya, Kiribati, Colombia, and Puerto Rico, as well as manufacturing expansion within Africa.
Other news highlights include corporate updates on regulatory reporting status, the revocation of a cease trade order by the British Columbia Securities Commission, advisory board appointments, executive leadership changes, and technology collaborations with Lynk Global, Inc. and Pathogen Detection Systems Inc. For readers interested in how Quest links water technology, mobile connectivity, and impact-focused business models, this news feed offers a detailed view of the company’s projects and corporate developments.
Quest Water Global (OTCID: QWTR) has formed a significant 10-year public-private partnership with the National Office for Rural Hydraulics (ONHR) in the Democratic Republic of Congo. The partnership aims to provide clean water access to 1.5-1.8 million people through the installation of 300 AQUAtap Community Water Centers over five years.
The company will contribute $30 million to fund the project, which will operate under a Design-Build-Finance-Operate-Transfer model. Revenue sharing is structured with Quest receiving 60% and ONHR receiving 40%. The initiative will span across five provinces: Kinshasa, Kasai, Bas-Congo, Haut-Katanga, and Lualaba, with initial systems built in South Africa and plans for a Kinshasa fabrication facility.
Quest Water Global (OTCID: QWTR) has appointed Isaac Mutambayi Kalonji Jr. III as its new Chief Operating Officer and Executive Director. Kalonji currently serves as Managing Director of AQUAtap Oasis Partnership SARL, Quest's joint venture in the Democratic Republic of Congo (DRC).
With over 15 years of senior management experience, Kalonji is the founder of Kalo Products SARL, established in 2015. His company's "Oasis Cares" social program focuses on providing drinking water to underserved areas. The appointment aims to support Quest's expansion in the DRC, South Africa, and globally.
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Quest Water Global (OTC Pink: QWTR) announced a strategic partnership with Trust Merchant Bank (TMB) in the Democratic Republic of the Congo, launching a new distributor-based model for clean water distribution. This initiative allows independent distributors to purchase water directly via the AQUAtap™ App, enhancing access to clean water for underserved communities. The company aims to install 500 AQUAtap™ Community Water Centers over five years, benefiting 1.5 million people. The partnership emphasizes entrepreneurship and financial inclusion, particularly for women, contributing to community resilience.
Quest Water Global (OTC Pink: QWTR) has announced the launch of the AQUAtap™ App to facilitate the payment for clean water via mobile devices in the Democratic Republic of Congo. This App integrates with Pepele Mobile and Orange Money, enabling users to purchase water easily at AQUAtap™ Oasis Community Water Centers. The initiative marks a significant milestone, aiming to enhance customer access and operational efficiency. Since its inception, AQUAtap™ Oasis has seen a 50% weekly growth in water sales, demonstrating increased public adoption of the App.
Quest Water Global (OTC Pink: QWTR) announced a corporate update on August 30, 2022. The company engaged K.R. Margetson Ltd. for audit services, leading to the filing of three years of audited financial statements. The British Columbia Securities Commission revokes a cease trade order against Quest. The company plans to raise US$5-10M, primarily for scaling its AQUAtap™ system in the Democratic Republic of the Congo (DRC). Water sales in the DRC have surged by approximately 50% weekly. Quest has partnered with Pathogen Detection Systems for real-time water quality monitoring.
Quest Water Global (OTC Pink: QWTR) announced that the British Columbia Securities Commission has fully revoked a cease trade order issued against the company for not filing certain continuous disclosure documents since 2015. The revocation comes after the company filed the necessary documents and paid associated fees in March 2022, making it current in its reporting obligations with both the British Columbia and U.S. Securities and Exchange Commissions. Quest specializes in solar-powered water purification and desalination technologies aimed at addressing water scarcity.
Quest Water Global (OTC Pink: QWTR) has achieved Pink Current Information status with OTC Markets as per amended Rule 15c-211. The Company is engaging a PCAOB-registered accounting firm to audit its last two annual and three quarterly financial statements. This audit aims to facilitate the filing of its outstanding Form 10-Ks and Form 10-Qs with the SEC by the end of 2021, transitioning to OTC Markets’ SEC Reporting Standard. Quest Water Global focuses on sustainable water solutions addressing clean water scarcity.
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