Current Water Technologies Positive First Quarter Update Sales Exceed $1.3 Million in January/February
March 01 2022 - 7:00AM
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 wastewaters and
drinking water resources, provides a corporate update.
The Company’s Pumptronics Division has
experienced robust commercial sales in the first quarter of 2022,
despite continuing COVID restrictions. Pumptronics received
purchase orders for two custom designed and built, state-of-the-art
automated pumping stations to be installed in Western Canada. The
first, a storm water pump station ($648,000), is to be installed in
Calgary, Alberta, and the second, a transfer pump station
($278,150), is be installed in the City of Chestermere, Alberta.
The current fabrication pipeline for smaller pump stations also
includes an additional $76,000 in sales.
CWTI has also had solid commercial success for
2022, which includes an approximate $250,000 contract from Highland
Engineering for development of its patent-pending novel AmmEl-H2
technology (see February 1, 2022 press release), and the purchase
of a second leading edge AmmEl-Aqua system ($46,000) with the
signing of the Definitive Sales and Marketing Agreement with
Partners Ship Nature’s Way Inc. and GIS Ventures (see February 22,
2022 press release).
Dr. Gene Shelp, Current Water’s CEO, said, “the
Company is having a strong start to 2022 and anticipates continued
long-term future sales growth for both CWTI and
Pumptronics.”
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:
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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