Forward Water Technologies (TSX-V:FWTC) Corp has announced the listing from today, October 28, 2021, of its common shares for trading on the TSX Venture Exchange (TSX-V) under the symbol FWTC.
In a statement, Dr Howie Honeyman, president and CEO of Forward Water commented: "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."
Forward Water 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.
The company is led by an experienced management team with decades of experience commercializing innovative technology and leading start-ups. Initial funds raised will allow Forward Water to pursue its aggressive growth strategy to commercialize the technology and enhancing its targeted marketing and sales efforts.
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The company is a forerunner in the field of wastewater reclamation. Its simple three-step process technology allows manufacturers to clean their wastewater and reclaim 90% as clean water. Forward Water's technology extracts clean water through a membrane utilizing a proprietary Forward Osmosis method, which essentially removes impurities and separates out the clean water.
The 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.
Commenting on the broad applicability of the technology, Honeyman 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".
Forward Water said it also continues to explore new valuable applications in other sectors such as Food & Beverage and lithium brine treatment to enhance lithium recovery.
Contact the author at jon.hopkins@proactiveinvestors.com