Business
Rainmaker Worldwide and Pi Eco Announce a Strategic Investment and Global Reseller Agreement
Rainmaker Worldwide and Pi Eco Announce a Strategic Investment and Global Reseller Agreement.
About this update from Rainmaker Worldwide Inc.
[{"type":"text","content":"Rainmaker Worldwide Inc. is extremely pleased to announce a comprehensive strategic investment by Pi Eco USA (www.pi.eco). This investment brings working capital for Rainmaker to fuel growth and upcoming deployments.In addition to the 500,000 USD capital injection, Pi Eco provides distributor and executive synergies that will be invaluable to Rainmaker and Pi Eco. Pi Eco has well-developed strategic relationships in Asia, Middle East, Central and South America and the US across a wide range of industrial and commercial sectors.Rainmaker and Pi Eco share a common goal and philosophy to address global issues using innovative and environmentally friendly technologies. Pi Eco shreds, sorts and segregates plastic waste to ensure a ready-to-use state and converts the waste to heating oil, bunker fuel and/or ASTM II diesel. Each Pi Eco system converts 4000 lbs/ hour of plastic waste to 1,520 liters of road ready diesel. One of many potential synergistic opportunities is an integrated Rainmaker/Pi Eco system for landfill sites -- treating contaminated water while at the same time recycling high volumes of plastic in an efficient manner into diesel fuel.Michael O’Connor, Executive Chairman of Rainmaker Worldwide Inc. said, “I am extremely pleased to engage in a broad based global strategic relationship with Pi Eco. Our innovative technologies combined with the complementary talents of our executive teams will further drive both Rainmaker and Pi Eco growth. The global reach of the business development teams will accelerate the value of both companies.”Kyle Barnette, CEO of Pi Eco USA said, “Adding innovative and cost-effective water technology to our waste-to-energy solutions is a natural fit. We expect to deliver these solutions globally in the near future to the benefit of Rainmaker and Pi Eco shareholders.” Pi Eco with its enterprise partners throughout Asia, India and Central and South America as well as the United States will be rolling out the Rainmaker technologies on multiple Water as a Service projects in the coming months. Stephen Kalyta, CEO of Pi Eco Canada said, “The combined management expertise and strategic relationships from both companies will create a commercially proven and scalable solution for some of humanity's most pressing environmental problems.”Michael Skinner, Rainmaker CEO said, “This alliance allow...