GUELPH, Ontario, June 08, 2018 (GLOBE NEWSWIRE) -- Current Water Technologies Inc. (TSXV:WATR) (“CWTI” or “the
Company”) is pleased to provide an update on its recent trade mission to Hebei Province and Beijing, China. On behalf of the
Company, the CWTI team, comprised of Dr. Gene Shelp, President and CEO, and Mr. Edward Tsang, Director, would like to express
their sincere appreciation to Ms. Jaclyn Zhang, Chair of the Canada China Trade Innovation Alliance (CCTIA), and her team in
Canada, Hebei Province and Beijing, China for an excellent trade mission. The delegation met with: the Honorable Xu Qin, the
Governor of Hebei Province (Figure 1); the Mayor of Shijiazhuang, the Capital of Hebei Province; the Provincial Minister of
Commerce; the Deputy Minister of Science and Technology; and, several other senior Provincial and Municipal officers.
As previously reported, the Government of China is planning the construction of Xiong'an New District, the
Beijing New Airport and facilities required for the 2022 Winter Olympics. CWTI's goal was to meet with like-minded individuals and
corporations with interests in innovating and collaborating on opportunities related to these major infrastructure projects.
Following the trade show in Langfang, the CWTI delegation traveled south to Xingtai City, Hebei Province to
attend a business investment conference. The delegation met with representatives of the steel industry, for discussions of water
management practices and the benefits of CWTI's portfolio of technologies and services.
The final stop was Shijiazhuang, the Capital of Hebei Province, for high level meetings with government
officials, a panel of clean-tech experts from Hebei University of Science and Technology, and B2B meetings with leaders of private
and state-owned clean-tech companies.
In order to pursue business opportunities in China, CWTI must establish close relationships with leading edge
research institutions such as Hebei University of Science and Technology, which serve an important advisory role for
governments.
To this end, the CWTI team explained to the Clean-tech panel, the advantages of CWTI's innovative
electro-chemical water treatment system over conventional approaches. Based on the success of this meeting and others, Dr. Shelp
was invited to attend a ceremony at Hebei University of Science and Technology where he received an official certificate from the
University’s President, Dr. Sun Hexu, conferring him the title of Professor (Figure 2). Dr. Shelp and the CWTI technical team look
forward to working closely with our colleagues at Hebei University of Science and Technology.
CWTI is currently negotiating with several companies in Hebei Province with the goal of establishing long-term
business relationships.
The final day of the trade mission was focused on high level meetings with senior government officials to
discuss the path forward.
Jaclyn Zhang, Chair of CCTIA, stated: “I was proud to have Dr. Shelp and Mr. Tsang join CCTIA’s Trade Mission to
China. Their excellent presentation and CWTI’s advanced and innovative technologies are attractive to Hebei Province. I believe
that there are now several business opportunities for CWTI in China.”
Dr. Shelp commented that, “Mr. Tsang and I were extremely pleased with the outcome of this initial trade mission
to Hebei Province. Given the genuine interest in CWTI’s technologies, we expect to return to Hebei Province in late July to execute
formal agreements."
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, i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste
management sectors. Pumptronics Incorporated will operate as a division of the Company and continue to function as an integrated
pump station manufacturer specializing in custom design and automation.
The common shares trade on Tier ll of the TSX Venture Exchange under the symbol “WATR”.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of
this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dr. Gene S. Shelp, Ph.D., P.Geo.
President and CEO
Tel: (519) 836-6155
Fax: (519) 836-5683
E-mail: gshelp@currentwatertechnologies.com
Web Site: www.currentwatertechnologies.com
Forward Looking Statements
This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of
the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and
other factors that may cause Current Water Technologies Inc. results to differ materially from expectations. These include risks
relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the
date hereof. Certain statements contained in this press release and in certain documents incorporated by reference
into this press release constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate",
"expect", "may", "will", "project", "should", "believe" and "confident" and similar expressions are intended to identify
forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such forward-looking statements. Current Water believes that the
expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release
should not be unduly relied upon. These statements speak only as of the date of this press release. Current Water undertakes no
obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise.
Photos accompanying this release are available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/3bf97827-5c99-4d13-a512-302650590039
http://www.globenewswire.com/NewsRoom/AttachmentNg/fd37cf25-270d-4ed8-a9de-3c8fd8dbcbc0
