Forward Water Technologies Corp. Announces Successful Completion of a Proof of Concept Evaluation Contract

Executive Summary

• Forward Water Technologies Corp. successfully completed a client-sponsored proof of concept evaluating its proprietary forward osmosis (FO) technology for concentrating high-value feed streams.
• The trial demonstrated that FO can concentrate feed streams significantly beyond target goals, with the potential to eliminate costly multistage thermal evaporation and reduce downstream production costs.
• The client and company are now evaluating next steps toward commercial implementation, with plans to potentially scale and deploy the technology across additional sectors.

Key Details

• Successfully completed a client-sponsored proof of concept evaluation contract.
• Technology evaluated: Proprietary forward osmosis (FO) for concentrating high-value feed streams.
• Trial Results: Feed stream concentrated far in excess of target goals.
• Potential Operational Impact: Could effectively eliminate multistage thermal evaporation, currently used for downstream production, thereby reducing production costs.
• Next Steps: Client and company are considering subsequent project stages that would lead to commercial implementation.
• Strategic Outlook: Management indicated the technology could be rapidly deployed in other sectors following the completion of initial scale-up efforts.

Notable Quotes

• C. Howie Honeyman, CEO: "With this result there is good reason to believe that the developing technology FWTC has in its portfolio that a new cold concentration pathway can be established that surpasses those in the current marketplace".
• C. Howie Honeyman, CEO: "while we are excited to work with our current client, we will also be able to rapidly deploy this technology in other sectors once we complete these first scale up efforts".