Forward Water Technologies moves forward with strategic initiatives after completing financing
October 30, 2023 at 10:26 pm IST
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Forward Water Technologies CEO Howie Honeyman joined Steve Darling from Proactive to announce a significant milestone for the company.
Forward Water Technologies has received a strong vote of confidence from its supporters, marked by a substantial investment from key shareholders, management, and insiders. This investment came through a successful closure of a non-brokered private placement, which resulted in the company raising nearly half a million dollars.
Honeyman elaborated to Proactive that the proceeds from this successful raise will be strategically allocated to support crucial aspects of the business. These include bolstering commercial efforts, enhancing customer development initiatives, and providing essential support for general working capital needs.
Forward Water Technologies' ability to secure this funding underscores its commitment to advancing its mission and expanding its presence in the market. With these financial resources in place, the company is well-positioned to continue its journey towards innovation and success in the water technology sector.
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Proactive Canada
+1 604-688-8158
na-editorial@proactiveinvestors.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Forward Water Technologies Corp. is a Canada-based company, which is engaged in the commercialization of its forward osmosis technology. The technology allows businesses to clean their wastewater that would otherwise require costly disposal. The Company is focused on the implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately, municipal water supply and re-use market sectors. In addition, the Company has initiated early-stage research and development (R&D) for the treatment of food and beverage process streams. The Forward Osmosis (FO) is a natural membrane process found in nature capable of extracting pure water from impure sources. Its services include lab & pilot plant services, operation services and mobile FO services. It serves various industries, including Industries lithium, mining, brine management, oil & gas and Zero-Liquid Discharge (ZLD) and Minimal Liquid Discharge (MLD).