Forward Water Technologies Corp (“FWT”) is pleased to announce the listing of its common shares for trading on the TSX Venture Exchange (TSX-V) under the symbol "FWTC". The TSX Venture Exchange serves as a public venture capital marketplace for innovative emerging Cleantech companies such as FWT.
FWT is a green focused company using proprietary cutting-edge technology to recover water that would be permanently lost given traditional treatment methods. The company’s mandate is to revolutionize the way water is treated in manufacturing operations, allowing contaminated water that would otherwise be discarded to be reclaimed and further used in manufacturing operations. FWT is led by an experienced management team with decades of experience commercializing innovative technology and leading start-ups. Initial funds raised will allow the FWT to pursue its aggressive growth strategy to commercialize the technology and enhancing its targeted marketing and sales efforts.
Dr. Howie Honeyman, President and CEO of Forward Water Technologies Corp., comments: “We are excited to commence completing the commercial market entry of our proprietary forward osmosis process for the treatment of challenging waste streams. We feel this is a great opportunity to create shareholder value as we continue to see strong interest in wastewater and brine management with client samples already in hand.”
The company is a forerunner in the field of waste water reclamation. Its simple three-step process technology allows manufacturers to clean their wastewater and reclaim 90% as clean water. Our technology extracts clean water through a membrane utilizing a proprietary Forward Osmosis method, which essentially removes impurities and separates out the clean water.
The FWT solution is highly flexible and can be deployed in multiple industries that require water reuse and recycling. In addition, the system can be a natural bolt-on companion to existing treatment platforms and is proven to be a simple addition to pre-existing facilities. Honeyman commenting on the broad applicability of the technology stated that “Industrial sectors from energy production to fine chemical manufacturing and even semi-conductor production will be able to take advantage of our water treatment benefits”. FWT also continues to explore new valuable applications in other sectors such as Food & Beverage and lithium brine treatment to enhance lithium recovery.
About Forward Water Technologies Inc.
Forward Water Technologies Corp. is a publicly traded Canadian company dedicated to commercializing of its proprietary forward osmosis technology. The company was founded by GreenCentre Canada and is rooted on a platform technology developed at Queen’s University (Kingston, Ontario, Canada). The technology allows for the reduction of challenging waste steams with exceptionally high levels of dissolved salts while simultaneously returning fresh water for re-use or surface release. The company’s mandate is to focus on the large-scale implementation of its technology in industrial wastewater, oil and gas, mining, agriculture and ultimately municipal water supply and re-use market sectors. For more information, please visit www.forwardwater.com.
Mr. Howie Honeyman, Ph.D., Chief Executive Officer & President
Forward Water Technologies Corp.
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Forward Looking Statements
Neither the TSX Venture Exchange nor its Regulations Service Provider (as that term is defined in the policies of the TSX Venture Exchange) does accept responsibility for the adequacy or accuracy of this news release.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital
on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.