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Water Gen: Israeli company creates drinkable water out of airIsraeli Company Water Gen signed a memorandum of understanding with the Hanoi Province in Vietnam and India to provide them with new technology capable of turning water vapor in the air into drinking water. According to the document, the company will earn 150 million dollars from the deal.
Israeli company Water Gen developed technology capable of turning air into drinkable water. Over the past several weeks, the company signed a memorandum of understanding (MOU) with the Hanoi Province in Vietnam and with India, agreeing to provide them with the technology for no less than 150 million dollars.
The innovative technology, which seems ideal for countries suffering from drought or remote villages without access to water, takes advantage of the water vapor in the air and turns it into water suitable for drinking. According to the company, any device sold can produce about 6,000 liters of water per day.
The man behind the company is Michael Mirilashvili, who is considered one of the richest men in the world. He holds 70% of the company’s stock and accompanied Israeli President Reuven Rivlin on his trip to Vietnam two weeks ago, during which he signed the MOU.
“The Vietnamese government greatly appreciates the Israeli technological development,” stated Mirilashvili. “I hope that with the technology provided to Vietnam we can improve the water situation in the country.”
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