Innovative Water Purification Technology Marks New Milestone
Current Water Technologies Makes Headlines with New Sale
In a remarkable development, Current Water Technologies Inc. (TSX-V: WATR) has successfully executed the sale of a patented water treatment system designed specifically for producing high purity water. This advancement is expected to not only elevate the company's market presence, but also significantly contribute to various sectors requiring innovative water treatment solutions.
Identifying Growth Opportunities
Through proactive market analysis and collaboration with industry partners, Current Water Technologies has pinpointed a niche market poised for substantial growth. The company's leadership is optimistic that this initial sale will pave the way for future opportunities, leading to heightened revenues and expanded customer reach.
Private Placement and Insider Participation
In addition to exciting product developments, Current Water Technologies has engaged in a Private Placement involving significant stakeholders. Gene Shelp, the CEO, and director of the company, participated by acquiring 3,000,000 units with no accompanying warrants. This move aligns with Multilateral Instrument 61-101, which outlines protections for minority security holders.
This participation marks a continuation of insider involvement, yet the overall ownership structure has remained consistent. Current Water Technologies is confident regarding compliance with applicable regulations, providing assurance to its shareholders.
About Current Water Technologies Inc.
Current Water Technologies operates within the technological sphere, specializing in advanced electrochemical processes for treating water contaminated with harmful substances. Their systems effectively address challenges presented by mining, agricultural, and municipal activities. Furthermore, the company's division, Pumptronics Incorporated, continues to thrive by offering bespoke pump station designs tailored to various applications.
The Future of Water Treatment
As environmental concerns grow globally, the demand for sustainable and effective water treatment solutions becomes increasingly critical. Current Water Technologies is well-positioned to meet this demand with its innovative technologies. The company's commitment to creating a cleaner, more sustainable water supply is evident in its continual pursuit of groundbreaking solutions, underscoring its role as a leader in the industry.
Company Contact Information
For more information, you can get in touch with:
Dr. Gene S. Shelp, Ph.D., P.Geo.
President and CEO
Tel: (519) 836-6155
Fax: (519) 836-5683
Email: gshelp@currentwatertechnologies.com
Website: www.currentwatertechnologies.com
Frequently Asked Questions
What technology does Current Water Technologies specialize in?
Current Water Technologies focuses on electrochemical technologies for water treatment, specifically targeting ammonia and other contaminants in various water sources.
What recent development has Current Water Technologies announced?
The company announced a significant sale of its patented water treatment system for high purity water production, signaling growth in its market presence.
Who participated in the recent Private Placement?
Gene Shelp, the CEO of Current Water Technologies, participated by acquiring significant units while adhering to regulatory standards.
What are the primary markets served by Current Water Technologies?
The company serves the aquaculture, municipal, and industrial water treatment sectors while also addressing needs in agriculture and mining.
How does Current Water Technologies ensure compliance with regulations?
The company follows specific guidelines set forth in Multilateral Instrument 61-101 to ensure transparency and protection for its minority shareholders.
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