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Forward Water Technologies Corp V.FWTC

Technology
Forward Water Technologies Corp. is a Canada-based company, which is engaged in the commercialization of its forward osmosis (FO) technology. The Company's technology allows for the reduction of challenging waste streams and simultaneously returning fresh water for re-use or surface release. It is focused on the implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, direct lithium extraction (DLE), mining, agriculture and municipal water supply and re-use market sectors. In addition, it has initiated early-stage research and development for the treatment of food and beverage process streams. The FO is a natural membrane process found in nature capable of extracting pure water from impure sources. Its services include lab & pilot plant services, operation services and mobile FO services. It serves various industries, including lithium, mining, brine management, oil and gas and zero-liquid discharge (ZLD)/minimal liquid discharge (MLD).


TSXV:FWTC - Post by User

Forward Water Technologies Corp > Revenue US $25 million ?? MarketCap CA$2 million !!
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Post by moorageon May 31, 2024 11:08am
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Post# 36066294

Revenue US $25 million ?? MarketCap CA$2 million !!

Revenue US $25 million ?? MarketCap CA$2 million !!
TORONTO, ON / ACCESSWIRE / May 31, 2024 / Forward Water Technologies Corp. ("Forward Water" or the "Company") (TSXV:FWTC) announces today a commercial update based on enquiries received since its press release of March 20, 2024. With respect to the opportunities currently being pursued by Forward Water to develop direct lithium extraction projects, the Company estimates that should commercial scale plants be built incorporating FWTC's process technology, each plant could represent approximately US$25 million of revenue to FWTC.
 
FWTC also continues to purse multiple industrial wastewater opportunities with its marketing partners. The applications of FWTC's technology process vary by customer and application but preliminary engineering work to date suggests that each opportunity could represent US$2-6 million of revenue to FWTC should they proceed. It should be noted that this information is not to be construed as a forecast and none of these projects may advance to commercial contracts.

https://www.stockwatch.com/News/Item/Z-C!FWTC-3561156/C/FWTC

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