BLUE WATER PETROLEUM TO ACQUIRE ITALIAN HYDROGEN TECHNOLOGY FIRM HIPER – GREEN & ENERGY TECHNOLOGIES SRL

April 03, 2023 at 08:54 AM EDT

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McapMediaWire -- Blue Water Petroleum Corp (OTC: BWPC), would like to announce that it has executed an Letter of Intent to acquire the hydrogen technology firm, Hiper – Green & Energy Technologies SRL of Cassano Irpino, Italy.

Hiper - Green & Energy Technologies developed and holds European Patent Office number EP3169937A1, relating to the field of the production of energy from renewable or green resources. It specifically relates to an apparatus for producing electrical energy and aqueous vapor starting from molecular hydrogen, oxygen and water that does not generate pollutant emissions and provides further safety and efficiency in producing energy through the course of its production.

This patent is based on intuitive but important concepts and was developed to use hydrogen efficiently, recognizing that it cannot be treated like other conventional fuels such as methane or gasoline. Hiper - Green & Energy Technologies addressed this issue and over years developed the patent on chemical and physical reactions, by creating a solution that maximizes efficiency in the use of hydrogen. The patented cell used in the technology contains a catalytic plate that reacts with hydrogen under certain temperature and pressure conditions.

By combining water with hydrogen in this cell, steam is produced which can be used as a primary source of energy. This technology can be employed in various applications such as steam production for industrial processes or the generation of electricity through steam turbines.

Hiper - Green & Energy Technologies has developed this innovative patented technology to fully utilize the potential of hydrogen as a fuel, through the use of a patented cell that maximizes efficiency in the use of this energy carrier. As a combined entity, BWPC and Hiper are planning on providing a benchmark for an entirely new technology, which is immediately applicable to entire industrial sectors thanks to the use of nanomaterials and energy storage technologies.

About Blue Water:

Blue Water Petroleum Corp, (BWPC) is a global environmental technology provider and patent aggregator, with proven executive and operations teams based in North America and Europe. Our Swiss based subsidiary, Attimar SA, is the holder of multiple patents that are publicly verifiable.

Our primary focus is on the global and potentially multi billion dollar market for graphene based products. Graphene is an innovative and versatile material that is increasingly attracting the attention of researchers, scientists and entrepreneurs around the world. It is a material composed of a single layer of carbon atoms, arranged in a hexagonal lattice structure. Thanks to its unique properties, graphene is becoming increasingly important in a wide range of industries, from technology to advanced materials.

One of the main advantages of graphene is its high strength, which makes it an ideal material for applications that require strength and durability. In addition, graphene is an excellent conductor of electricity and heat, making it ideal for applications in electronics and composite materials. Due to its high specific surface area, graphene can also be used as a catalyst in applications ranging from hydrogen production to the removal of pollutants from water.

Graphene has the potential to revolutionize the materials industry by providing more sustainable and innovative solutions to many of the problems humanity faces today. For example, graphene can be used to create high-capacity, low-cost batteries that could be used to store solar or wind energy. In addition, graphene can be used to create stronger and lighter composite materials, which could be used in aerospace or automotive applications. Due to its high specific surface area, graphene can also be used as a catalyst in applications ranging from hydrogen production to the removal of pollutants from water.

We also develop and implement modular systems, incorporating hydrocarbon recovery and recycling technologies. It is in this capacity that we offer sustainable, energy efficient and cost effective solutions.

UPDATE: Art Aqua Technologies Ltd. entered into an acquisition agreement with BWPC on 23rd January 2023. Both companies have mutually agreed not to pursue the combined project and ownership of Art Aqua UG Germany and Art Aqua North America LLC remain unaffected and all ongoing projects and services will be continued as planned and committed to. All prior patents and patent applications are still owned by Art Aqua Technologies Ltd. https://www.artaqua.co/cooperation-with-blue-water-petroleum-corp

The total issued common shares outstanding for the company is 208,081,981.

Information about Forward-Looking Statements: This press release contains "forward-looking statements" that include information relating to future events. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include but are not limited to: inability to gain or maintain licenses, reliance on unaudited statements, the Company's need for additional funding, the impact of competitive products and pricing, the demand for the Company's products, and other risks that are detailed from time-to-time in the Company's filings with the OTC Markets. For a more detailed description of the risk factors and uncertainties affecting Blue Water Petroleum Corp., please refer to the Company's recent financial reports, which are available at www.otcmarkets.com The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Blue Water Petroleum Corp

Contacts:

Vladimir Ivanov, CEO

Email: ir@bluewaterpet.com

Office: +1 702 605 0107

Website: bluewaterpet.com