GUELPH, Ontario, Aug. 31, 2018 (GLOBE NEWSWIRE) -- Dr. Gene Shelp, President and CEO of Current Water Technologies Inc. (TSX-V: WATR ) (“CWTI” or “the Company”), is pleased to announce that the Company continues to develop ammonia destruction opportunities for its patented AmmEL Technology within the mining and municipal sectors.
Building on our recent large scale on-site demonstration successes in the Abitibi region of Quebec and Western Canada, as well as the new Metal & Diamond Mining Effluent Regulations that include unionized ammonia as a prescribed deleterious substance, CWTI is pleased to report that another prominent mining company, this time in northern Ontario, has engaged CWTI for the purpose of mini- pilot testing its AmmEL ammonia destruction technology.
Following the current testing program, CWTI anticipates proceeding to a two-month onsite program with its versatile, state-of-the-art AmmEL demonstration scale unit proven capable of treating approximately 4 m 3 per hour of mine wastewater effluent containing ammonia levels ranging from 40-50 mg/L. The system is designed to effectively maintain the ammonia level in treated water below 10 mg/L at temperatures as low as 0 o C.
Furthermore, in Q4, the Company anticipates partnering with another leading mining company in northern Ontario to conduct a similar staged ammonia destruction testing program.
The AmmEL-LC Electrochemical Ammonia Treatment System is a two-stage process consisting of ion exchange, followed by electrochemical oxidation of ammonia to environmentally friendly nitrogen gas (N 2 ). Designed to achieve high ammonia removal rates in industrial and municipal wastewater, groundwater sources and industrial process waters, the technology does not produce nitrate, a known carcinogen, or the greenhouse gas nitrous oxide (N 2 O). Unlike conventional biological systems, the technology is also not adversely affected by low water temperatures (>0 °C) and has the ability to achieve very low ammonia levels in treated streams (<1 mg NH 4 /L). The system can be implemented as a full-scale, stand-alone treatment plant or as a complementary upgrade to conventional methods at new or existing water treatment facilities.
In contrast to competing physicochemical approaches for the treatment of ammonia, CWTI's innovative ammonia treatment system is extremely efficient even under the high hardness (high calcium and magnesium) conditions characteristic of mine wastewater.
Dr. Shelp commented that "based on commitments from current strategic partners/investors, the Company is poised to execute its new business strategy centered on a profit driven Build-Own-Operate financial model for its patented disruptive ammonia destruction system within Canada and the USA. After years of dedicated research and development it appears the Company is strategically positioned to take advantage of timing as it relates to Government Regulations and the commercial technological successes in North America and internationally."
“CWTI looks forward to the opportunity to work closely with the Canadian Mining Industry to implement its proven technology to further improve the Canadian Mining Industry’s world leadership in water management and environmental stewardship. CWTI is poised to establish a solid presence in environmental stewardship within Canadian and international markets.”
About Current Water Technologies Inc.
CWTI is a “Technology Company” applying its patented and proprietary “Electrochemical Technologies” to the treatment of waste water, desalination water and drinking water contaminated by metals or nutrients, e.g., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. The common shares trade on Tier ll of the TSX Venture Exchange under the symbol “WATR”.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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
Forward Looking Statements
This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Current Water Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and "confident" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Current Water believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. Current Water undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
