Forward Water Technologies Corp. and Aquaporin Announce Strategic Partnership
posted on Apr 04, 2022 08:01AM
Water that would otherwise be forever lost to be re-introduced into manufacturing operations, creating a strong ROI's and dramatically reducing their environmental impact
TORONTO, ON / ACCESSWIRE / April 4, 2022 / Forward Water Technologies Corp. ("Forward Water" or the "Company") (TSXV:FWTC) is pleased to announce a strategic partnership for the North American market where Forward Water will sell Aquaporin's unique biomimetic forward osmosis membranes for applications associated with lithium mining and extraction and water management within the Oil & Gas industry.
Forward Water will distribute the Aquaporin Inside® Hollow Fiber Forward Osmosis products in the Oil & Gas and mining sectors including lithium-related applications in North America. The use of Aquaporin's membranes within Forward Water's industrial forward osmosis systems has the potential to deliver a new level of performance; higher water selectivity, cleaner permeate for reuse, higher recovery percentage, and most importantly lower operation costs.
Forward Water President and CEO Howie Honeyman comments: "We are proud to partner with Aquaporin, the leader in biomimetic water filtration technology. Forward Water has had a long and positive experience using Aquaporin's forward osmosis modules and is now pleased to aid in the distribution of these high-performance products across North America."
Aquaporin CEO Matt Boczkowski is pleased to have Forward Water as strategic partner. He adds: "North America, lithium mining, and the Oil & Gas industry are three markets where our forward osmosis technology not only offers a new level of performance but also empowers customers to take responsibility for the Earth we live on, and the water supplies we live off. We are pleased to embark on this journey with Forward Water."
About Forward Water Technologies Corp.
Forward Water Technologies Corp. is a publicly traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by GreenCentre Canada, a leading technology innovation centre, supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams 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 multiple sectors, including industrial wastewater, oil and gas, mining, agriculture, and ultimately municipal water supply and reuse market sectors. For more information, please visit www.forwardwater.com.
Aquaporin is an innovative water technology company dedicated to preserving the world's most valuable resource: water. Using aquaporins - nature's own water purifiers - they mitigate water pollution and scarcity to ensure sustainable production patterns and support the global sustainability agenda. Aquaporin's proprietary technology, Aquaporin Inside®, is based on Nobel Prize-winning research and embedded in all their membranes. With the Aquaporin Inside® membranes, Aquaporin empowers industries to treat and recycle wastewater, paving the way for a future with zero liquid discharge. For more information, please visit www.aquaporin.com.
Mr. Howie Honeyman, Ph.D., President & Chief Executive Officer
Forward Water Technologies Corp.
Phone: (519) 333-5888
For further information please contact:
Forward Looking Statements
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 statements in this press release include statements regarding the plans for the joint venture and the ability of the technology to provide new economic and environmental solutions for municipal leachate treatment.
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; unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility 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.
SOURCE: Forward Water Technologies Corp.