Forward Water Technologies (TSX-V:FWTC) Inc has announced a strategic partnership for the North American market with water technology company Aquaporin.
Under the agreement, 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 and gas industry.
"We are proud to partner with Aquaporin, the leader in biomimetic water filtration technology,” said Forward Water president and CEO Howie Honeyman in a statement. “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."
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Forward Water will distribute the Aquaporin Inside Hollow Fiber Forward Osmosis products in the oil and gas and mining sectors including lithium-related applications in North America.
The company said 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.
Aquaporin CEO Matt Boczkowski commented: "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."
Forward Water Technologies 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.
The company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. Its 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.
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