Current Water Technologies Inc V.WATR

Alternate Symbol(s): ENPRF

Utilities Utilities - Regulated Water

Current Water Technologies Inc. is a Canada-based technology company. The Company is engaged in electro-static deionization (ESD) and the treatment of total ammonia (AmmEL) using electrochemical technologies. The Company is engaged in applying its patented and proprietary electrochemical technologies to the treatment of wastewater, desalination water and drinking water contaminated by metals or nutrients, i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. Its patented ESD (deionization) and its patented AmmEL (ammonia removal) technologies represent alternatives to biological, ion exchange, and reverse osmosis systems. The Company’s subsidiary, Pumptronics Incorporated, operates as a division of the Company and functions as an integrated pump station manufacturer specializing in custom design and automation.

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Current Water Technologies Inc > Discord Page 121 investors now

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Comment by G1945Von Mar 18, 2023 11:07am

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Post# 35346734

RE:RE:RE:RE:Discord Page 121 investors now

SISBOOMBAH wrote:
From several MDAs.

On February 7, 2017, Current Water (Enpar technologies) announced that it received a purchase order from Chemsbro of Saudi Arabia for an ESD water treatment plant with an approximate value of CAD $1,500,000.

The Chemsbro ESD unit is being constructed inside four, 40-foot shipping containers. The Company expects the system to be shipped this summer (2018), and its installation and commissioning to occur in the fall.

From August 25, 2020, to April 29, 2022, the Company is currently pursuing financing activities to raise additional funds to complete the Chemsbro unit at the earliest possible opportunity.

On August 26, 2022, the Company is working in conjunction with Chemsbro to complete this unit before the end of the third quarter 2022.

According to the MDA published November 23, 2022, the parties are currently in the process of shipping the system components to Saudi Arabia for final assembly. As of November 23, 2022, the total estimated cost of the unit is US$1,465,894. Chemsbro has paid $1,392,544 towards the total estimated cost of the ESD system.

Chemsbro is Current Water’s official representative in the Middle East and a managing director of Chemsbro sits on Current Water’s Board of Directors.

Financial problems or technical problems?