Do you think it could have just been almost like the proof of concept phase? 2017 had high expenses as well....now 2019 barely anything in comparison....seems once they finished/ completed and proved concept they aggressively got the word out to the world? How do you view and interpret such a drastic change in those particular expenses?
Now they have improved the design, cost efficiencies drastically reduced - (as per website... & I believe it is a few years old) I would think that it will be a much more attractive option, with the previous projects proving it worked, the next gen tech being twice as efficient, and they just got the grant which put this on a lot more radars.
Also, they don’t just sell the equipment, they offer as a service as well.
“Rainmaker technology is available either as a capital purchase, or on a Water-As-A-Service basis. This flexibility meets the needs of various governments, corporations and organizations”
The second-generation units have improved energy efficiency by as much as 100%, significantly reducing the cost of each liter of water produced. The units are approximately 50% more energy efficient than those of our competitors.
Rainmaker Worldwide Inc. was formed in Peterborough, Ontario, Canada in 2014 to consolidate all assets, intellectual property, and the executive management expertise of Dutch Rainmaker.
Round 1 financing was completed December 2015. The first full year of operation was 2016.
But I’m not sure yet, I have a lot more digging to do. The CEO seems like a real player though, serious money kinda guy. I want to try and find out how those other projects went though, and the numbers they generated in regards to energy cost/ consumption compared to water output...if there were any problems or issues they encountered, if so what measures have they taken to improve or correct, etc.
I’m assuming they went very well though being that THEY were just given this grant. But I still want to see for myself.
Little nervous because board is so quiet other than what it appears to be hardcore pumping front loaders.
But I’m going to keep trying to learn more. If these projects really start to pick up and tech continues to deliver and improve....i really don’t see any reason for this not to become a multi billion dollar company over the coming years.
Still a lot to learn though, happy to hear any honest thoughts from those with more experience.
