09:29:03 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Forward Water Technologies Corp
Symbol FWTC
Shares Issued 105,600,099
Close 2023-05-29 C$ 0.07
Market Cap C$ 7,392,007
Recent Sedar Documents

Forward Water signs LOI with Mead & Hunt

2023-05-30 13:26 ET - News Release

Mr. Howie Honeyman reports

FORWARD WATER TECHNOLOGIES ANNOUNCES LETTER OF INTENT WITH MEAD & HUNT

Forward Water Technologies Corp. has signed a non-binding letter of intent that outlines the terms of a proposed business relationship with Mead & Hunt, a leading architecture and engineering firm based in the United States.

Together, Forward Water and Mead & Hunt structured a mutually beneficial business relationship to help enable the rapid commercialization of Forward Water's forward osmosis (FO) process to address client needs. Forward Water guides project support with its FO expertise, design know-how and technical assets. Mead & Hunt provides extensive supply chain connections, engineering design experience, capabilities to fabricate the needed treatment equipment as well as an established customer pipeline.

By partnering, both Forward Water and Mead & Hunt can rapidly deliver a robust and unique process to enable an array of customer applications. Tom Bachman, EPC (engineering, procurement and construction) group leader for Mead & Hunt, comments, "Mead & Hunt is pleased to support this new technology that is on the cutting edge for water conservation." Also Jeff VanVoorhis, EPC vice-president for Mead & Hunt, comments, "While our ability to engineer, procure and construct large projects brings a turnkey solution to FWTC clients, Mead & Hunt clients also benefit from our synergistic partnership because of the expanded solutions our firm can offer through access to FWTC's patented technology."

Forward Water's chief executive officer and president, C. Howie Honeyman, comments, "With Mead & Hunt in a position to utilize its expansive design and fabrication capabilities, integrate pre- and posttreatment equipment, and leverage its customer base, Forward Water will be able to provide complete end-to-end solutions for a broad spectrum of usage of the FO technology."

About Forward Water Technologies Corp.

Forward Water Technologies, a publicly traded Canadian company, uses its patented forward osmosis technology to save the Earth's water supply. Founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada, the company's technology reduces challenging waste streams while simultaneously returning fresh water for reuse or surface release. The company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial waste water, oil and gas, mining, agriculture, and, ultimately, municipal water supply and reuse market sectors. In addition, the company has initiated early-stage research and development for the treatment of food and beverage process streams.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.