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Gear International Inc. Announces Joint Venture With Applied Integrated Dynamics, Inc. for AquaFer Water Production Technology
Gear International Inc. Announces Joint Venture With Applied Integrated Dynamics, Inc. for AquaFer Water Production Technology.
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[{"type":"text","content":"\n \n \n Gear International Inc. Announces Joint Venture With Applied Integrated Dynamics, Inc. for AquaFer Water Production Technology\n \n \nGear International Inc. Announces Joint Venture With Applied Integrated Dynamics, Inc. for AquaFer Water Production Technology\n\nThe AquaFer System Is a Water-Generating Process That Extracts and Condenses Pure Drinking Water From the Atmosphere\n\n \n PENSACOLA, FL--(Marketwired - Sep 1, 2015) -  Gear International, Inc. (OTC PINK: GEAR) - Gear International, Inc. (GEAR) is pleased to announce that it has entered into an agreement with the owners of a proprietary technology known as \"AquaFer™\", an atmospheric distillation process that produces clean water economically from atmospheric air. As a result of the joint venture, the group has collectively formed the company Applied Integrated Dynamics, Inc.\n Pursuant to the terms of the agreement, GEAR will receive 25% of the founder stock in Integrated Dynamics, Inc. in exchange for providing the capital and financing necessary to begin manufacturing of the AquaFer \"Q\" System and continue further development of the technology for a large and expanding list of product applications and market segments. GEAR will also maintain an ongoing management role in the marketing and expansion of the company and its technology as directed by the intellectual property owners.\n AquaFer has a technological advantage over all known competitors and processes in that it: \n \n \n Utilizes air as a source for water \n \nProduction is onsite and can be deployed in virtually any location\n \nProduces consistently higher quality water\n \nIs economically superior\n \nCan produce water where there is no water\n \n \n GEAR's CEO, Carlton Wingett, is quoted stating, \"The AquaFer technology is truly a revolutionary technology that has immense global implications. The volume of water contained in the atmosphere on a daily basis has been estimated to be greater than 3,400 trillion gallons of fresh, pure untapped water... renewed daily by nature. AquaFer systems can be designed to produce small or large quantities of water daily and can be utilized effectively practically anywhere in the world. Given the recent adage that \"Water is the new Oil\" we feel that GEAR and its shareholders share a promising opportunity to benefit from the Company's subs...