SNM Global Adds Desalination Technologies to 'Clean Water Project': Global Investment to Total $87.8 Billion by 2016
04 Oktober 2010 - 2:42PM
Marketwired
SNM Global Holdings (PINKSHEETS: SNMN) announced today adding water
desalination technologies as a primary acquisition and development
focus of the recently announced 'Clean Water Project.'
According to a new report from Pike Research, strong growth in
the desalination technology market is predicted over the next
several years, and the respected cleantech market intelligence firm
forecasts that global desalination investment will double from $8.3
billion in 2010 to $16.6 billion per year by 2016, representing
cumulative spending of $87.8 billion during that period.
Water scarcity, population and economic growth, pollution, and
urbanization are all placing increased pressure on freshwater
resources around the world. The gap between the supply of
freshwater and demand for water for industrial, agricultural, and
domestic use is growing at a rapid pace. At the same time, the cost
of desalination has come down steadily, and it is becoming a more
affordable means of meeting the world's growing freshwater
needs.
Water is an enormous issue around the globe -- for drinking,
farming and industry. As the world population approaches 7.8
billion by 2030, the demand for potable water will stress the
finite closed-loop water-cycle responsible for supplying
freshwater.
Desalination is becoming more affordable and more people can
benefit from an almost unlimited resource -- seawater.
The clean water market is huge and expanding, in a crisis that
cries out for innovation and efficiency, deeply enmeshed with
energy usage and in urgent need of a variety of new technology
approaches.
The projected annual expenditures in the global market of for
advances in irrigation systems, water reuse initiatives,
infrastructure supply and storage, and treating secondary water
sources are in excess of $90 billion. This rate appears to be
sustainable based on demand from population growth, continued
industrialization, and agricultural utilization.
The Company will soon announce various sustainable technological
solutions and expects to announce specific acquisitions and/or
licensing arrangements in the growing clean water and desalination
market.
The Company has recently announced the launch of it Small &
Micro Hydro Technology Development Projects resulting from its
recent technology acquisitions and has already announced that
eleven major projects have been launched in preparation for
commercialization and international distribution.
Each of the technology solutions, resulting from its recent
technology acquisitions, are unique integration of proven
sustainable alternative sources, engineered to provide redundant
energy supplies in a wide variety of applications, particularly
adaptable as solutions for emerging markets.
It is expected that a number of the Small & Micro Hydro
technologies can be integrated with Clean Water technologies,
thereby providing both energy and clean water sources
simultaneously.
The recent market reports from Frost & Sullivan and have
estimated that the "global ocean energy industry can be worth $1
trillion" and Pike Research, states hydrokinetic energy is "50 to
100 times more cost-efficient than wind or solar"... and can be
more reliable than other kinds of renewable energy sources such as
wind or solar.
The Small Hydro and Clean Water Development Projects represent
important technologies to assist emerging economies to leapfrog
into sustainable and independent energy and clean water
production.
Based on internal market projections and asset appreciation over
the market cycle, the Company values the technology acquisition at
$12,500,000, to be purchased through by the issuance of Preferred
Stock. Redemption of the Preferred Stock is contemplated to contain
several performance based terms relating to sales and market
penetration, thus protecting shareholders and insuring equity
appreciation.
The Company's acquired technologies and development projects
will be integrated into the Company's MicroTechnology Transfer
(mt2) Program and MicroEquity Partner Program; and will be
introduced into SNM Global's distribution network for emerging
market insertion and introduction. SNM Global's MicroTechnology
Transfer (mt2) Program and MicroEquity Partner Program enable the
acquisition, development, and transfer of technologies that will
provide for the betterment of society and provide the catalyst for
emerging markets to leapfrog into the sustainable sectors that will
drive the twenty-first century. The Company encourages
collaboration with public, private and institutional partners in
all phases of the development and technology transfer cycle; and
accepts submissions from both collaborative development,
distribution and inventor partners through the Collaboration Portal
on its new website at www.SNMNglobal.com.
About SNM Global Holdings SNM Global
Holdings (SNM Global) is a technology holding and development
company that invests in, acquires, and develops Intellectual
Property Assets and Operations in the Clean/Alternative Energy,
Biotech, Water and Better Health & Living sectors adapted
specifically for the emerging global markets.
The Company realizes revenues from the distribution of its
technology, products, and solutions through its network of
international agents and distributors and through the licensing of
Intellectual Property through its innovative mt2 Program. The
Company provides its International MicroEquity Partner program to
our local partners in our target international markets. This
program provides initial funding to a community building and
life-enhancing organization. The Company sees profits through
equity ownership and sales and distribution of its technology and
solutions. The company operates through its subsidiaries and
various distribution partners worldwide.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995 This press release may contain certain
forward-looking statements and information, as defined within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, and is subject to the
Safe Harbor created by those sections. This material contains
statements about expected future events and/or financial results
that are forward-looking in nature and subject to risks and
uncertainties. Such forward-looking statements by definition
involve risks, uncertainties and other factors, which may cause the
actual results, performance or achievements to be materially
different from the statements made herein.
CONTACT: SNM Global Holdings 100 Pall Mall Saint James
London SW1Y 5NQ United Kingdom Tel Number: (44) 020 7096 0200
info@snmnglobal.com
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