Blue Water Petroleum Corp (OTCMKTS:BWPC) Stock On Radar After Acquisition News
Earlier on in the week on February 14 Blue Water Petroleum Corp (OTCMKTS:BWPC) was in the news after it announced that its subsidiary unit ArtAqua Technologies Ltd had completed the acquisition of a desalination technology.
On Wednesday, BWPC stock ended flat at $2.7300 with 300 shares, compared to volume of 31.53K shares. The stock moved within a range of $2.7300 – 2.7300 after opening trade at $2.7300.
Blue Water Petroleum’s Artaqua Acquires Desalination Techology
The technology was acquired for a form of Variable Velocity Filtration System (VVF), which is deployed for ecological water purification. The technology could well prove to be an important part of the company’s arsenal in the long run. The technology is meant for providing desalination without actually releasing brine into the sea following the completion of the process. In addition to that, it also helps in controlling the extreme blossoming of algae and seaweed.
In this regard the company did announce that its VVG system works in the capacity of a pre-cleaning desalination unit and helps in eradicating as much as 90% of the impurities and salt. The rest of the impurities and salt are then eradicated through evaporation-condensation technology so as to leave only pure water.
The acquisition of the technology was a major new development for Blue Water’s subsidiary unit and it may be a good idea for investors to consider keeping an eye on the company’s stock over the course of the coming days.