DRiWATER PLANTS
MILLIONTH TREE IN SAHARA DESERT
Egyptian
success leads to lucrative incentives package to establish manufacturing
facility in Tunisia
Santa Rosa, CA – DRiWATER, Inc., manufacturer of pioneering water-conservation
technology, today announced the completed planting of 1 million DRiWATER
irrigated trees in a single development outside Cairo, Egypt. The company,
which ultimately will plant over 17 million trees in the development,
also announced it has secured a lucrative package to establish a manufacturing
facility in Tunisia. Both milestones reflect the growing interest of water-poor
regions, both in the U.S. and abroad, in DRiWATER’s extremely efficient
and environmentally safe form of plant irrigation.
“DRiWATER is bringing water-dependent vegetation to regions that
formerly could only dream of such growth, and Egypt and Tunisia are leading
the way by embracing our technology” said Joseph Paternoster, President
and Chief Executive Officer. “There is no greater proof of DRiWATER’s
capabilities than to see 1 million trees suddenly bloom in the middle
of the Sahara Desert. Whether it is increased potential for economic development,
reduced water and labor costs or improved living conditions, the benefits
of DRiWATER are revolutionizing the way the world uses water.”
Egypt is using DRiWATER gel to grow eucalyptus, acacia, olive, mesquite,
gazira, ficus and orange trees in and around its new Sixth of October
city development. The millionth tree completes phase one of the three-phase
project, which calls for DRiWATER to plant more than 17 million trees
over 35,000 acres.
Tunisia, the world’s second-largest grower of olive trees, reacted
to DRiWATER’s success in Egypt by offering the company a generous
package to establish a Tunisian manufacturing facility. The incentives
include a 25% grant to build the factory, another 35% of overall project
costs, a 10-year income tax exemption and a permanent import tax exemption
on all materials used in the production for export. Tunisia will continue
to purchase DRiWATER from the company’s 30,000 square-foot Egyptian
factory until the Tunisian facility is completed.
DRiWATER, Inc., a Santa Rosa, CA-based company, is the manufacturer of
DRiWATER, water bound in gel form that slowly releases moisture into soil
over time. The product is used to irrigate plants in commercial and retail
markets. DRiWATER is changing the world, turning deserts into forests,
growing food where it was never possible and conserving one of Earth’s
most precious resources – water. Visit DRiWATER on the Web at www.driwater.com.
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