A Peterborough cleantech startup, born of the Peterborough Regional Angel Network, has gone public on NASDAQ.
Rainmaker Worldwide Inc. recently announced that Rainmaker Worldwide Inc. is now a public company, listed on the NASDQ Over the Counter, trading under the symbol RAKR.
Rainmaker utilizes two types of energy-efficient fresh water-producing technologies to address access to water in deprived regions:
- Air-to-Water, which harvests fresh water from the air, producing 5,000 to 20,000 litres of drinking water per day
- Water-to-Water, which transforms seawater or polluted water into drinking water producing 37,500 to 150,000 litres of drinking water per day
Both can be wind and solar powered, which leaves no carbon traces. Options are also available for hybrid, grid or diesel-powered models.
Rainmaker’s Air-to-Water technology is suitable for humanitarian applications in traditional areas of water scarcity, island and rural communities with limited freshwater supplies, temporary humanitarian applications in disaster or war zones, as well as industrial and commercial applications.
Video of the Air-to-Water technology:
Suitable markets for Rainmaker Water-to-Water technology include communities with inadequate or no access to a freshwater source or reliable energy source, but close to a significant supply of seawater or polluted water and for corporations looking for energy‐efficient technology to clean and potentially reuse waste water.
Video of the Water-to-Water technology:
“The world’s population is growing. Currently it’s approximately 7.5 billion, and is projected to become 8 billion by 2023 and 9 billion by 2038. Much of this new growth will come in regions that are water stressed, specifically Africa, China, India, Pakistan, Bangladesh, and Mexico.”, said Mr. Michael O’Connor, CEO of Rainmaker.
“Lower income countries are most vulnerable as they tend to lack good governance and do not have the resources to invest in water infrastructure. With nearly 78 per cent of the world’s poor living in rural areas, they are the first and hardest hit by water scarcity, suffering significant income losses.”
“Where the long-term benefits of being publicly traded are numerous, our priority at Rainmaker is speed to market.”
Rainmaker Worldwide Inc. is headquartered in Peterborough, Canada, with an innovation and manufacturing center in Rotterdam, Netherlands. Additional information about Rainmaker can be found on the company’s website http://www.rainmakerww.com.