Forward Water Technologies Corp. ("FWTC" or the "Company") (TSXV: FWTC) is pleased to announce that the Company has successfully completed a client sponsored wastewater treatment demonstration project. FWTC designed and implemented a treatment process that incorporated its proprietary iFO forward osmosis process and achieved over 97% recovery of water meeting or exceeding reuse quality metrics and at exceptionally low power consumption rates compared to that use of conventional thermal evaporation.
The client, a Fortune 500 company, has a specific desire to make a contentious improvement in water usage across its global operations. Collaborating with FWTC has demonstrated that FWTC's iFO forward osmosis treatment can process wastewater and achieve exceptionally high recovery rates. Moreover, the recovered water also meets the high standard re-use quality metrics. Upon completing the project FWTC met or exceeded all identified KPI's laid out for the project. In concept, the project illustrated that at commercial scale water reuse could be vastly improved over current technology approaches.
C. Howie Honeyman, CEO of FWTC remarked, "when our iFO technology is intelligently deployed in a commercial setting, the net result leads to the recovery and re-use of water that would otherwise be sent for disposal or delivered to a municipal sewer system. Allowing such high levels of reuse while maintaining high quality metrics allows FWTC to realize water resources as infrastructure instead of a consumable material that gets destroyed in operations."
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 re-use market sectors. In addition, the Company has initiated early-stage R&D for the treatment of food and beverage process streams.
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