TORONTO, ON / ACCESSWIRE / February 29, 2024 / Forward Water Technologies Corp. (TSXV:FWTC) (the “Company”) is pleased to announce that it has filed its condensed consolidated audited financial statements and related management’s discussion and analysis for the three and nine months ended December 31, 2023. Copies of these financial statements and related management’s discussion and analysis can be found on the Company’s issuer profile at www.sedarplus.ca. All financial information in this news release is reported in Canadian dollars, unless otherwise indicated.
Operating Highlights and Recent Corporate Developments
Management Commentary
“During the last quarter, we are pleased with the reaction of investors to the private placement without intermediaries and continue to look for other financing projects to ensure support for all commercial activities. Just as importantly, we continue to provide advice on water treatment needs. for our customers, specifically in the lithium resources sector, which is important for sustainable energy management.
Summary of Financial Results
Income Statement
Balance Sheet
Statement of cash flows
About Forward Water Technologies Corp.
Forward Water Technologies Corp. is a publicly traded Canadian company dedicated to saving the earth’s water supply using its patented Forward Osmosis technology. The Company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The Company’s technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company’s mandate is to focus on the large-scale 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 R&D for the treatment of food and beverage process streams.
For more information, visit www. forwardwater. com.
Coordinates
For more information or service requests, please contact: C. Howie Honeyman – Director généralhowie. honeyman@forwardwater. com (519) 333-5888
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Statements
Certain statements contained in this news release constitute “forward-looking information” as such term is used in applicable Canadian securities laws including statements regarding financing initiatives, expansion and uptake of the Company’s technology and the ability for the Company to achieve its growth strategy and business plan. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, the ability to scale the technology and the adoption of the technology by potential customers.
Forward-looking data is subject to a variety of hazards, uncertainties and other points that could cause actual plans, estimates and effects to differ materially from those projected in such forward-looking data. Some of the dangers and other points that may simply cause actual effects to differ materially from those expressed in the forward-looking statements include, but are not limited to: the effects of the coronavirus or other epidemics, general economic situations in Canada, the United States and globally ; unforeseen operational events; the availability of capital on appropriate conditions; the desire to discharge required regulatory approvals; equity market volatility and other dangers and uncertainties applicable to the Company, as set forth in the Company’s continuous disclosure documents filed under the Company’s profile at www. sedarplus. ca. The Company assumes no legal responsibility to update such forward-looking statements as required by law.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.
SOURCE: Forward Water Technologies Corp.