Forward Water signs tech contract with manufacturer

Executive Summary

• Forward Water Technologies Corp. has signed a contract with a global food and beverage manufacturer to evaluate its proprietary forward osmosis technology for concentrating liquid food and beverage streams.
• The project aims to demonstrate the technology's ability to produce superior quality concentrates by increasing solid content while preserving delicate flavors and aromas through a cold concentration process that requires no heat.
• The CEO highlights that the technology offers a highly economical method for creating concentrates with lower costs, reduced energy usage, and no waste streams compared to conventional methods.

Key Details

• Contract Counterparty: A globally positioned food and beverage product manufacturer (specific name not disclosed).
• Project Scope: Technology evaluation project to assess the effectiveness of Forward Water's treatment technology for concentrating liquid food and beverage streams.
• Technology Mechanism: Uses proprietary forward osmosis technology to perform cold concentration, which increases solid content and preserves flavors/aromas without requiring heat.
• Operational Benefits:
  • Produces superior quality concentrates.
  • Lower production costs.
  • Reduced energy consumption.
  • No waste streams generated.
• Strategic Context: This initiative represents early-stage research and development for the treatment of food and beverage process streams, expanding the company's mandate beyond industrial waste water, oil and gas, mining, agriculture, and municipal water supply.

Notable Quotes

• "Superior concentrates are known to be created using forward osmosis. What FWTC brings to bear by using its proprietary technology is the potential for a highly economical method for creating these products. Thus, not only are the concentrates superior, they are also produced with lower costs, using less energy and without any waste streams compared to conventional concentration methods." — C. Howie Honeyman, Chief Executive Officer