Business
Ambient Water Identifies Significant Market Opportunity in Oil and Gas Exploration Industry
Ambient Water Identifies Significant Market Opportunity in Oil and Gas Exploration Industry.
About this update from Japan Food Tech Holdings, Inc.
[{"type":"text","content":"\n \n \n Ambient Water Identifies Significant Market Opportunity in Oil and Gas Exploration Industry\n \n \nAmbient Water Identifies Significant Market Opportunity in Oil and Gas Exploration Industry\n\nCompany Plans to Implement Proprietary Atmospheric Water Generation Systems for Use in Drilling and Hydraulic-Fracking Operations\n\n \n SPOKANE, WA--(Marketwired - Oct 23, 2014) - Ambient Water (OTCQB: AWGI), a leading provider of atmospheric water generation systems for extracting water from humidity in the air, today announced its strategy of targeting the water-intensive oil and gas sector for implementation of large systems including the 'Ambient Water 400' and 'Ambient Water 20K.'\n Oil and gas exploration requires high volumes of fresh water, which has proven costly and inefficient to transport and retain, especially in certain regions. Hydraulic-fracking has also had a significant impact on local water supplies, compounded by the drought conditions that many areas around the country are facing. This challenge is especially present in the United States -- a study performed by the World Resources Institute (WRI) titled Global Shale Gas Development: Water Availability & Business Risk, warns of the consequences surrounding water demand for drilling and fracking in areas around shale resources, as \"26% of which are in areas with high and extremely high water stress.\" WRI CEO Andrew Steel goes on to state, \"energy development and responsible water management must go hand in hand.\"\n However, new technologies are becoming increasingly relied upon to provide alternative resources for clean water. In fact, according to the Texas Oil and Gas Commission, the use of non-freshwater has become more popular over the past three years, jumping from 3% to 21%, an increase of over 300%. This trend is representative of the opportunity identified by Ambient Water for market penetration, as increased use and demand from oil and gas companies is expected to continue. \n Last week, Ambient Water announced its plans to place the Ambient Water 400 at Applied Cryo Technologies' Houston facility. The installation, designed as a field test to evaluate water produced and power consumed by the system, will yield results that will be used to position the technology for future use in other oil and gas applications. The Company is also seeking str...