Forward Water Has 30+ NDAs With Lithium Companies and Signs Tech License With FUJIFILM Of Japan

The global water and wastewater treatment market is projected to grow from $285 billion in 2021 to $500 billion in 2030. If you’ve been watching the news you’ll know it's because 40% of the global population resides in regions marked as “water insecure”, with 1.1 billion people lacking access to water - and a total of 2.7 billion find water scarce for at least one month of the year.

As such, treatment of water and wastewater is necessary for mankind to meet the demand for water resources, not only for municipal and agricultural purposes but also for critical industry purposes.

ENTER FORWARD WATER TECHNOLOGIES $FWTC

$FWTC is commercializing its proprietary forward osmosis technology allowing industrial users to reduce water consumption by up to 90% and providing them with the following immediate benefits:

• Saving Water From Being Permanently Destroyed,
• Realizing Large Reductions In Their Operating Expenses

While many solutions we see are focused on the home, $FWTC is focused strictly on large-scale implementation in multiple sectors including:

• Lithium Extraction
• Industrial Wastewater,
• Oil And Gas / Mining / Agriculture
• And Ultimately Municipal Water Supply And Re-Use Market Sectors.

ON THE BRINK OF SUCCESS WITHIN LITHIUM EXTRACTION INDUSTRY

• 30+ NDAs Signed With Major Lithium Extraction Companies
• Engagement Contract With Cornish Lithium

1. Cornish funding ongoing trials
2. Follows favourable initial result increasing Li concentrations of geothermal water
3. Close to Commercialization … then dominos

• Announced An Early Development Contract With A Prominent Western Canadian Lithium Company To Further Optimize Lithium Isolation.

1. Recent studies in the Company's labs using real-world brines have shown that highly effective concentration, using their forward osmosis process, can be readily achieved, especially in the lithium sector.

• Early Development Testing Project … To Support A Globally Positioned Mining Company To Aid In The Sustainable Lithium Isolation Pathway.

1. Established in which Forward will test its water treatment capabilities with field sourced brines to ascertain its potential commercial effectiveness
2. In many cases, over 90% of the water can be removed from the brines leading to a potentially >10x increase in lithium concentration

• In Negotiations to Secure Pilot Unit in Chile

• The Company recognized $30,389 in revenue for the quarter, the first significant commercial revenue.

1. This is a result of new contracts with customers to test wastewater and water samples from mineral recovery processes as preliminary steps toward a project order

• Significant progress has been made on the building of the mobile demonstration unit which is now 80% complete, the completion of which will align with the first commercial contract

LICENSING AGREEMENT WITH MAJOR JAPANESE CORPORATION

Earlier this week, the company Announced Completion of Technology License with FUJIFILM Corporation.

Why is this significant?

The company has licensed specific IP from FUJIFILM Corporation in order to solidify protection of its water treatment technology platform. This will secure further clean water alternatives to legacy solutions to combat the ongoing global water crisis.

Why FUJIFILM?

FUJIFILM has extensive expertise in an array of water treatment technologies including the use of forward osmosis. As result of this industrial research, FUJIFILM Corporation created intellectual property that Forward Water is in a unique position to leverage.

What did Howie Honeyman, CEO & President of Forward Water have to say?

"Securing this license from FUJIFILM Corporation solidifies the unique right to practice the technology and further enhances and strengthens Forward Water's intellectual property protection in the marketplace on a global scale."

Want to learn more?

Sit back, relax and listen to this powerful interview with Howie Honeyman, President & CEO of Forward Water Technologies Corp.