Current Water Ships Novel Aquaculture Ammonia Treatment System Unit to Nature’s Way for Live Lobster Trials Scheduled to Begin January 2, 2022
December 09 2021 - 8:04AM
Current Water Technologies Inc. (TSX-V: WATR) ("CWTI" or "the
Company" or "the Corporation"), an emerging technology leader in
the management of industrial and municipal wastewater, completes
successful inhouse test program of its novel ammonia treatment
system (“AmmEl-Aqua”) for the safe transport of marine and fresh
water animals (refer to Press Releases dated Sept 21, 2021 and
October 06, 2021).
To complete the installation and commissioning,
CWTI will integrate the AmmEl-Aqua system with systems developed by
Nature’s Way for the management of dissolved oxygen and carbon
dioxide.
Following the completion of the initial trial
with lobster, the test program will be expanded to include
additional commercial species such as snow crab, halibut and arctic
char.
Ammonia, after oxygen, is generally considered
the water quality parameter that most affects the health of
aquaculture animals. This issue is most important in intensive
systems which require comprehensive treatment of the water before
recirculation. Even low levels of ammonia cause stress and poor
growth, damage gills and other tissue, and increase susceptibility
to bacterial infections.
Ammonia is the principal metabolic waste product
of fish and other aquaculture animals. Therefore, it is extremely
important that ammonia is not allowed to accumulate to toxic levels
by aggressively treating the water during pre-transport
conditioning and transportation.
Dr. Shelp said, “Results of the inhouse test
program have been outstanding. We anticipate commencing commercial
activity early in the New Year. Also, based on recent sales
initiatives we believe that 2022 will be Current Water’s most
successful year ever.”
Nature’s Way and CWTI are committed to executing
the Definitive Agreement by mid January. Given the positive test
results, CWTI remains very optimistic that the previously stated
near-term minimum sales milestones of 35 and 70 AmmEl-Aqua units
for outfitting the existing container fleet will be exceeded in
Y2022 and Y2023, respectively.
Neither the TSX Venture Exchange Inc. 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 release.
About Current Water Technologies
Inc.
Current Water Technologies is a
“Technology Company” applying its patented and proprietary
“Electrochemical Technologies” to the treatment of waste water,
desalination water and drinking water contaminated by metals or
nutrients, i.e., nitrate/ammonia associated with the mining, metal
processing, chemical, agricultural, municipal and waste management
sectors. Pumptronics Incorporated operates as a division of the
Company and continue to function as an integrated pump station
manufacturer specializing in custom design and automation.The
common shares trade on Tier ll of the TSX Venture Exchange under
the symbol “WATR”.
The TSX Venture Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this
release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor RelationsAndreas Curkovic, Proconsul
Capital: 416-577-9927
Dr. Gene S. Shelp, Ph.D., P.Geo.President and
CEO
Tel: (519) 836-6155Fax: (519) 836-5683E-mail:
gshelp@currentwatertechnologies.comWeb Site:
www.currentwatertechnologies.com
Forward Looking Statements
This news release contains forward-looking
statements within the meaning of the “safe harbour” provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties
and other factors that may cause Current Water Technologies Inc.
results to differ materially from expectations. These include risks
relating to market fluctuations, property performance and other
risks. These forward-looking statements speak only as of the date
hereof. Certain statements contained in this press release and in
certain documents incorporated by reference into this press release
constitute forward-looking statements. The use of any of the words
"anticipate", "continue", "estimate", "expect", "may", "will",
"project", "should", "believe" and "confident" and similar
expressions are intended to identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. Current Water believes that the expectations reflected
in those forward-looking statements are reasonable but no assurance
can be given that these expectations will prove to be correct and
such forward-looking statements included in, or incorporated by
reference into, this press release should not be unduly relied
upon. These statements speak only as of the date of this press
release. Current Water undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
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