Current Water Technologies Provides Key Corporate Update
Current Water Technologies Corporate Update
Current Water Technologies Inc. (TSX-V: WATR) ("CWTI" or "the Company" or "the Corporation") is a global leader in the development of novel electrochemical technology for the treatment of ammonia in municipal and industrial wastewater sectors and in the development of an international Green Hydrogen production network. CWTI is pleased to provide our shareholders and supporters with the following corporate update.
Testing Activities
Since our last corporate update, CWTI has focused its energy on introducing its innovative AmmEL-H2 wastewater treatment technology to domestic and international municipal, military, and various industrial sectors, including agriculture, oil & gas, fertilizer, biogas, and mining.
The proven AmmEl-H2 System is uniquely designed to extract the intrinsic value of waste waters containing problematic levels of ammonium compounds. In addition to eliminating the release of nitrogen compounds, known to have significant negative impacts on aquatic ecosystems and climate change, this unique approach generates multiple high-value revenue streams. CWTI envisions playing an important role in establishing a network of highly profitable, technology-advanced wastewater treatment facilities.
During the first half of the current year, CWTI completed very successful in-house pilot scale studies for two clients and anticipates future discussions of the report findings and possible next steps.
New in-house pilot scale testing projects will commence this month with multinational industrial clients with operations in North America. Please note that during the past year, CWTI entered into Non-Disclosure agreements with several clients. Consequently, without the client’s written consent, CWTI is restricted from releasing client names and related confidential information at this time. During the same time period, CWTI has been engaged in discussions with several entities across North America and Europe, which have led to the submission of proposals for in-house and on-site testing programs. A busy upcoming period is anticipated.
About Current Water Technologies Inc.
Current Water Technologies is a “Technology Company” applying its patented and proprietary “Electrochemical Technologies” to the treatment of wastewater, desalination water, and drinking water contaminated by metals or nutrients, including nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal, and waste management sectors. Pumptronics Incorporated operates as a division of the Company and continues to function as an integrated pump station manufacturer specializing in custom design and automation.
The common shares trade on Tier II of the TSX Venture Exchange under the symbol “WATR”.
Contact Information
For further information, please contact:
Dr. Gene S. Shelp, Ph.D., P.Geo.
President and CEO
Tel: (519) 836-6155
Fax: (519) 836-5683
E-mail: gshelp@currentwatertechnologies.com
Web Site: www.currentwatertechnologies.com
Frequently Asked Questions
What technology does Current Water Technologies focus on?
Current Water Technologies focuses on electrochemical technologies for wastewater treatment and green hydrogen production.
What industries does the AmmEL-H2 technology serve?
The AmmEL-H2 technology serves municipal, military, and industrial sectors such as agriculture, oil & gas, fertilizer, biogas, and mining.
What are the recent developments from Current Water Technologies?
Recent developments include successful in-house pilot scale studies and new pilot projects beginning with multinational clients.
How does the AmmEL-H2 system benefit the environment?
The AmmEL-H2 system eliminates nitrogen compound release, benefiting aquatic ecosystems and addressing climate change issues.
Who can be contacted for more information?
For more information, Dr. Gene S. Shelp, President and CEO, can be contacted via phone or email as provided above.
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