Current Water Technologies Receives Second Installment of US $100,000 From Separtis
GUELPH, Ontario, March 02, 2023 (GLOBE NEWSWIRE) -- Current Water Technologies Inc. (TSX-V: WATR) ("CWTI" or "the Company" or "the Corporation"), an emerging technology leader in the management of industrial and municipal wastewaters and drinking water resources, provides a corporate update.
During the final week of January, CWTI’s Markus Ingelsson, Manager, Engineering and Technical Services, attended Highland Engineering’s facilities in Howell, Michigan, to commission and conduct a water treatment trial of the AmmEl-LC-H2 pilot system using simulated aerobic digester centrate.
The simulated centrate contained high concentrations of total suspended solids (TSS), turbidity, and ammonia. In addition to the expected efficient removal of ammonia, CWTI was pleased to observe that practically all TSS and turbidity were removed from the waste water, producing a crystal clear treatment effluent. During the trial, the destruction of ammonia was confirmed the production of hydrogen gas.
Samples of the source and treated waters were collected during the trial for analysis of ammonia and other parameters. Last week, Highland Engineering reported that the analytical data obtained established the successful operation of the AmmEl-LC-H2 system.
Over the next few months, the client will conduct a comprehensive evaluation of the system’s performance under varying conditions.
CWTI RECEIVES SECOND INSTALLMENT OF US $100,000 FROM SEPARTIS
CWTI had expected to receive feedback on the Draft Definitive Agreement by the end of February, However, Separtis has informed us that due to unexpected delays, a copy shall be received within the next week for review and comment.
As a show of good faith, Separtis has advanced an additional US $100,000 to cover costs related to current joint business development activities.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 operates 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.
