Island Sky enters new joint venture

Island Sky enters new joint venture

Atmospheric water generator manufacturer Island Sky Australia (ASX:ISK) has entered a joint venture with Featherlite Industries to build self-sustaining emergency water containers.

Featherlite Industries is a manufacturer of industrial containers for power generators, boilers and water treatment projects

The product is a Featherlite-based container capable of - in what which Island Sky is claiming as a world's first - supplying 900 gallons of drinking water per day from atmospheric humidity.

It has been designed as a ready-for use, self-contained water source, that can be deployed at natural disaster sites or remote locations.

Island Sky CEO Richard Groden said the product fills a growing need in a world of climate change.

Details of the structure of the joint venture were not provided.

ISK shares grew 14.29% in Thursday's trading to $0.008.

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Tags Manufacturingjoint venturenatural disasterRichaFeatherlite IndustriesIsland Sky Australia

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