Dr. Gene Shelp reports

CURRENT WATER TECHNOLOGIES FINANCIAL UPDATE

Current Water Technologies Inc. has provided a corporate update.

By the end of the second quarter, July 31, 2023, the company had revenue of approximately $1.7-million with net earnings of $465,405. Since the end of the second quarter, the company has received additional revenue from equipment sales, fees and services exceeding $950,000.

Dr. Gene Shelp, Current Water's chief executive officer, said: "The company is optimistic that the revenue for the second half of Y2023 will be greater than that during the first half. Management believes the next 24 months will be exciting as successful preliminary testing of its leading-edge technologies for the treatment of ammonia and the production of green hydrogen transition to on-site demonstration-scale projects and finally commercial installations."

About Current Water Technologies Inc.

Current Water Technologies 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, such as nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. Pumptronics Inc. operates as a division of the company and continues to function as an integrated pump station manufacturer specializing in custom design and automation.

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