Cardinal Resources Mobilizes to Panama
Installation and Commissioning of the First Panama Red Bird System Is Underway
PITTSBURGH, PA -- (Marketwired) -- 11/16/15 -- Cardinal Resources Inc. (OTC PINK: CDNL), a global producer of patented, solar powered, community-scale drinking water systems, has a team including people from its assembly partner, Forest Edge Technologies, on the ground in Panama to install the first of a series of systems for communities. This CRB-10 is being installed in Soloy as a demonstration of the capabilities of the patented Red Bird System for the community and Senior Engineers for the Republic of Panama.
Kevin Jones, Cardinal Resources CEO, who is part of the installation team stated, "The people of Soloy are excited with the prospect of having clean drinking water and are working hard with us in the assembly of the system. Our patented Red Bird System represents opportunity, empowerment, and a step forward at the local level and soon to be nationwide. We look forward to fantastic long term growth in Panama and throughout Latin America. "
Agua Saludable Group, Inc., our Latin American partner, has worked closely with government officials and officials in Chiriuqui Province to establish the requirements of the demonstration as well as the final location. During this month long demonstration, Cardinal Resources and Agua Saludable, will continue to train the local community in the operation while providing clean drinking water.
Beyond this system, discussions have centered on terms and sites for a prospective initial order of five Red Bird Systems that is intended to lead to a rolling order of five water systems per month to be rolled out nationwide starting in 2016. While the first system is a CRB-10 the long term plan will include other, larger systems from the Company's Red Bird product line (www.cardinalres.com/red-bird/overview). This first system was a cash transaction and the revenue from this first system sale has been booked in the third calendar quarter.
The addressable Latin American market for clean water is enormous, with the World Health Organization estimating over 50.0 million people in the region are without adequate access to clean, pure water. In Panama, where the access to water is among the best in the region, the UNICEF and WHO 2013 update to Progress on Sanitation and Drinking Water estimates over 500,000 people lack access to clean pure water. Depending on the Red Bird model selected, just one system can provide clean water for communities of 5,000 to 20,000 people. Additionally, the installation of the CRB-10 system will enable Cardinal's distributor, Agua Saludable Group, to showcase an actively working Red Bird System to other potential customers from throughout the region.
About Cardinal Resources
Cardinal Resources brings a unique blend of experience, technology, and focus to projects worldwide and across the United States from its office in the Pittsburgh, Pennsylvania area. Its commitment to Clean Water, Clean Environment, Worldwide includes the patented Red Bird System, a solar-powered community-sized drinking water system, and the Grey Bird Approach to wastewater treatment and green infrastructure as well as a deep range of traditional environmental and engineering services. For more info, visit us at www.cardinalres.com.
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Source: Cardinal Resources Inc.