Forward Water Technologies Corp. ("Forward Water" or the "Company") (TSXV:FWTC) announces their participation, in conjunction with Membracon UK, to support a study of Forward Osmosis with Cranfield University. Forward Osmosis is a water separation process which uses a semipermeable membrane and the natural energy of osmotic pressure to separate water from dissolved solutes. This solution technology process is, in most manners, used for product concentration, wastewater concentration and the extraction of clean water for reuse. With the ongoing world wide water crisis these emerging technologies will provide clean water alternatives to legacy solutions. As a leader in the global clean water initiatives, Forward Water is looking to expand their partnerships with leading educational institutions to assist in clean water recovery.
CORRECTION: Forward Water Technologies Announces Definitive Agreement with Membracon UK
Forward Water Technologies Corp. (“Forward Water” or the “Company“) (TSXV:FWTC) is pleased to announce an amendment to the signing of a non-binding letter of intent and announce that the Company has signed and entered into a definitive agreement dated February 3rd, 2022 with Membracon (UK) Ltd. (“Membracon“) that outlines the terms of their joint venture. The joint venture will be resourced by both Membracon and Forward Water and will be responsible for delivery of Forward Water’s proprietary forward osmosis processes and solutions within the United Kingdom and Ireland. Matt Williams, Managing Director for Membracon said,” The addition of Forward Water’s FO technology to the Membracon water treatment portfolio allows us to better serve our client base and provide unique and highly effective solutions for their challenging water management needs.”