Water is everywhere, yet it is still one of the earth’s most valuable resources. This company’s innovative technology seeks to reduce water waste for reuse.
Forward Water Technologies Corp. (TSX V:FWTC) is dedicated to the commercialization of its proprietary forward osmosis technology. With a potential to significantly reduce water usage in many industrial use applications, the company’s technology is being tested across industries.
According to the company’s press release, positive results include a reduction in water consumption by as much as 90% in many applications. The company is also researching how to add further value in the brine mining sector and is in the process of working with major lithium extraction companies.
Shares were flat in morning trade.
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