Daniel Dror, chairman and CEO of American International Industries, Inc. (AMIN), announced that AMIN has signed a letter of intent with Centriforce Technology Corp., a technology company that has developed a water desalination system.
The company said the new desalination system can save 50% to 75% of the cost to desalinate seawater when compared to current technologies installed globally.
"AMIN has analyzed global infrastructure necessities and identified the potable water industry as a top priority and necessity for the coming decades," Dror said. "AMIN sees its investment in the water industry as a strategic action that will provide great potential for growth, humanitarian solutions and profitability."
AMIN views this developing relationship as a timely opportunity to increase its worldwide market presence.
Source: American International Industries, Inc.