Forward Water Technologies Corp. (FWTC:TSX.V) started commercializing its patented industrial water treatment system. At a time when 40% of the world's population is experiencing some degree of water scarcity according to the World Health Organization (WHO), Forward Water's technology could not be more relevant and timely.
Forward Water Technologies Corp. is the result of the reverse takeover of Hope Well Capital Corp., an Ontario-based capital pool firm, by Forward Water Technologies Inc.
This proprietary technology allows manufacturers to clean and then use their wastewater and garner several benefits by doing so. By being able to re-employ up to 92% of their dirty water after reclamation, companies reduce their overall water usage. Also, they save most of the transportation, energy and other costs of disposing of their liquid waste, ultimately reducing their impact on the environment. All of these advantages translate to an additional investment never before had.
Forward Water Technologies' system employs a patented process, through which forward osmosis separates the impurities in the waste stream and propels the cleaned water through a permeable membrane. The process does not involve applied pressure, applied energy or forced filtration; it only consists of forward osmosis.
Forward Water Technologies Corp. was recently added to Toronto's Venture Stock Exchange and began trading Tuesday October 26 under the ticker symbol FWTC.
To force the water to move, the Ontario, Canada-based company uses an osmotic gradient, a proprietary chemical package. Once clean water is extracted from the waste stream, the chemical package can be immediately converted to gases. When the gases are emitted from the water, they are captured and reused.
For manufacturers to be able to use this technology, a water treatment facility must be installed at their site. For this, the company designed modular containerized equipment that is transportable.
Forward Water Technologies Corp. recently was added to Toronto's Venture Stock Exchange and began trading Tuesday, October 26 under the ticker symbol FWTC. The corporation is the result of a reverse takeover of Hope Well Capital Corp., an Ontario-based capital pool firm, by Forward Water Technologies Inc., the original forward osmosis water cleaning system company, and a merging of the two entities. Hope Well, now charged with continuing the business of Forward Water, changed the name of the new company to Forward Water Technologies Corp.
The applications of Forward Water's innovative technology come into clear focus when one considers that about 700 million people will be displaced due to global drought by the year 2030, according to the WHO.
As part of their mission, "Forward Water is focused on the large-scale implementation of its technology in industrial wastewater, oil and gas, mining, agriculture, and ultimately municipal water supply and re-use market sectors."
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