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    EMOR   US57387H1059

HEALIXA INC.

(EMOR)
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Healixa, Inc. Forms Strategic Partnership in Guyana with Vitality SE

09/16/2021 | 09:47am EDT

Healixa Inc. and Vitality SE announced that they have entered into a long-term strategic partnership that is expected to accelerate growth for both companies in the quickly emerging Economy of Guyana. The new innovative partnership leverages the respective strengths of Healixa and Vitality to create compelling value for both companies and their respective shareowners, as well as the people of Guyana. Importantly, the partnership strategically aligns both companies for the long-term by combining the strength of Healixa’s sustainability technologies with Vitality’s dedicated focus and expertise in building climate resilient communities in the country of Guyana. Guyana’s projected economic growth for 2021, measured through its real Gross Domestic Product (GDP), has doubled from 8.1% to 20.9%, according to the biannual International Monetary Fund (IMF)’s World Economic Outlook. This growth builds on the 26.2% real GDP growth estimated for 2020. Based on the World Bank’s latest estimates the country is set to record economic growth of 20.9% at the end of 2021, 26.0% in 2022 and 23.0% in 2023. By 2026 Guyana is projected to have the highest per capita oil production of any country in the world at around a barrel per person per day. Previous forecasts issued by the IMF put Guyana's economy at $14.1 billion by 2025, almost three times the 2019 figure.


© S&P Capital IQ 2021
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Managers and Directors
Ian Parker Chief Executive Officer
Joseph G Mayo Chief Financial Officer
Kealy Altman Vice President-Marketing
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