Forward Water Technologies (TSX-V:FWTC) Corp said it has signed a sales representative agreement with Mabarex Inc, confirming its leading position in the supply of innovative technologies for wastewater reuse and management.
The company said it expects to be able to better deliver its proprietary forward osmosis process and solutions to the Canadian market through Mabarex's extensive commercial relationships. It will provide laboratory, engineering, and system support to enable the implementation of its technology while Mabarex will identify commercial applications for its client base, it added.
The company noted that its patented forward osmosis solution recovers clean water from industrially produced wastewater. This process results in a significant reduction in the volume of wastewater sent for disposal while at the same time lowering operational costs, reducing energy requirements, and minimizing greenhouse gas emissions (GHG) in comparison to conventional technologies and approaches.
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“Forward Water’s low-cost forward osmosis system operates by selectively extracting pure water from difficult to treat feed streams, enabling new reuse opportunities in client processes or aquafer recharging,” the company’s CEO Howie Honeyman said in a statement. "Mabarex is well-positioned in Canada to identify and support commercial opportunities for Forward Water's technology and in doing so continue to provide value to their clients."
Forward Water said it expects that the low-energy requirements and remarkable capabilities of its technology combined with the technology offerings of Mabarex will allow for the delivery of innovative and unique treatment platforms in support of industrial wastewater, oil and gas, mining, agriculture, and municipal and other sectors concerned with water reuse sustainability and the lowering of their carbon footprint.
Forward Water Technologies (TSX-V:FWTC) is a 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. Its technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release.
Forward Water Technologies (TSX-V:FWTC)' 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 re-use market sectors.
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