Sustainable technology is expected to be a major theme over the coming years, and one of the companies making waves in that space is MDWerks Inc. (OTC: MDWK). This morning the company could be worth tracking in light of the fact that it was in focus yesterday after it made a key announcement about a subsidiary unit.
The Announcement
MDWerks announced yesterday that Two Trees Beverage Company, its subsidiary unit, had inked a pair of new, separate contracts with two leading spirits companies in the industry. As per the provisions of the agreement, Two Trees would be responsible for the deployment as well as licensing of MDWerks’ SRAS (Spirits Rapid Aging System). As per the first contract with one of the biggest distilleries in the United States, the company would not only build but also deploy an SRAS at the facilities in the next three months. There’s also the possibility of more deployments in the next 12 months.
Further Information
As per the provisions of the second contract with a major wholesaler and dealer of spirits in the United States, one SRAS will be built and then deployed at the facility at some point in the next 6 to 9 months. Further deployments may happen in the following 12 months.
CEO Quote
Steven Laker, CEO of MDWerks, commented, “We are thrilled to partner with two world-class spirits companies through the deployment of our proprietary Spirits Rapid Aging Systems and related energy wave technology in their facilities. These are win-win agreements: our new clients will receive the economic and sustainability benefits of our ‘Whiskey-as-a-Service’ model, while we receive recurring revenue through the licensing arrangements. We expect to build on these watershed agreements and grow our SRAS deployments with these customers and other top spirits companies.”
