Forward Water Technologies Corp (TSX-V:FWTC) has announced a non-binding letter of intent (LOI) that outlines the terms of a proposed business relationship with US-based architecture and engineering firm Mead & Hunt, which is expected to help enable the rapid commercialization of Forward Water's Forward Osmosis (FO) process to address client needs.
The company said it will guide project support with its FO expertise, design know-how, and technical assets, while Mead & Hunt will provide extensive supply chain connections, engineering design experience, capabilities to fabricate the needed treatment equipment, as well as an established customer pipeline.
“With Mead & Hunt in a position to utilize its expansive design and fabrication capabilities, integrate pre- and post-treatment equipment, and leverage its customer base, Forward Water will be able to provide complete end-to-end solutions for a broad spectrum of usage of the FO technology,” Forward Water Technologies CEO Howie Honeyman said in a statement.
Forward Water noted that through the partnership both the company and Mead & Hunt can rapidly deliver a robust and unique process to enable an array of customer applications.
Forward Water Technologies was founded by Green Centre Canada, a leading technology innovation center supported by the Canadian government. Its patented Forward Osmosis technology allows for the reduction of challenging waste streams while simultaneously returning fresh water for reuse or surface release.
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