The Device is Currently in the Developmental Stage Pending Significant Testing Prior to Certification for Commercial Use
PLAYA VISTA, CA, April 22, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – American Premium Water Corporation (OTC: HIPH) announces that it has developed a prototype device that aerosolizes a mixture of the Company’s proprietary Hydro-Nano water and disinfectant agents. This prototype device is currently in the developmental phase; extensive research, environmental, and laboratory testing will be required to be completed before the device and Hydro-Nano water mixture can be commercialized. The Company previously published results in April 2019 on the efficacy of its Hydro Nano technology. The report showed that the synthesis in the Company’s Hydro Nano water reduces the size of the majority of the CBD molecules encapsulated to one nanometer or less in diameter. A full copy of the report can be found here.
The Hydro-Nano water used in the prototype does not contain CBD or any hemp material. The prototype device, which aerosolizes a mixture of Hydro Nano water with disinfecting agents. The Company hypothesizes that the Hydro Nano water will have the same effect on the added sterilizing agents as it does with CBD, shrinking the size of the particles to less than one nanometer in size, which will lead to a more effective sterilizing solution by creating a cloud that will disinfect contact surfaces, and potentially the atmosphere in a room or building. To date, there has not been any testing done by the Company to support or make any claims of sterilization or disinfectant potency about this device or the contents contained in it. A video of the prototype device and its process can be found here.
American Premium CEO Ryan Fishoff commented, “I am pleased to announce the completion of a prototype device that aerosolizes our Hydro Nano water mixed with disinfectants. This is the first step in a long process to develop a usable and scalable product for commercial distribution. Current world events have placed a much greater emphasis on sanitation and sterilization, and the Company believes this device could potentially fulfill that need. The development of this prototype is the first of many steps towards a viable commercial device and formulation; significant laboratory and environmental testing has to be conducted before this device can be sold. But the potential is great; there are many commercial customers that could utilize this technology such as hotels, malls, movie theaters, department stores, boutiques, hospitals, and other retail businesses that would benefit from a quick and effective sanitation solution. I have always felt that the Company’s nanotechnology is a tremendous asset that gets overlooked; there are many potential applications of this technology beyond CBD and hemp. The Company will continue to explore ways to leverage our proprietary nanotech to create shareholder value. I look forward to updating shareholders on our progress in testing, achieving other milestones in the development process of this device, and other avenues that the Company is exploring to monetize existing nanotechnology,” concluded Mr. Fishoff
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Goldman Research initiated coverage of the Company on February 13th, 2020, giving a $0.0125 price target. To read the full report, click here
About American Premium Water Corp.
American Premium Water (OTC: HIPH) is a diversified luxury consumer products company focused on businesses in the health and beauty and biotech sectors. The company is focused on harnessing the powers of Nano technologies paired without cannabidiol (CBD) to treat health disorders and enhance quality of life. The company’s portfolio includes the LALPINA Hydro and LALPINA CBD brands (www.lalpinahydrocbd.com), Gents (www.gentsco.com), Vanexxe (www.vanexxe.com) plant + body essentials (www.plantbodyessentials.com).
Safe Harbor Notice
Certain statements contained herein are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). American Premium Water Corporation cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. American Premium Water Corporation undertakes no obligation to revise these statements following the date of this news release. Additional details of the Company's business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
This press release is issued on behalf of the Board of Directors of American Premium Water Corporation
Contact:
Investor Relations
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info@americanpremiumwater.com