Current Water Technologies Inc. Files Provisional Patent Application for Its AmmEl-AQUA Technology
September 19 2022 - 7:02AM
Current Water Technologies Inc. (TSX-V: WATR) ("CWTI" or "the
Company" or "the Corporation"), an emerging technology leader in
the management of ammonia in industrial and municipal wastewaters,
announces the filing of a provisional patent application for its
AmmEl-AQUA system for treatment of ammonia in the aquaculture
sector.
The filing of this application with the U.S.
Patent and Trademark Office (USPTO) establishes an early effective
filing date and allows CWTI to ascribe the phrase “patent pending”
to any commercial products, methods, or services contemplated by
the subject matter claimed. The patent application, once converted
into a U.S. non-provisional, utility application, provides the
detailed claims upon which legal protection is afforded upon a
grant of a U.S. patent. CWTI also plans to submit individual
national stage patent applications in select international
jurisdictions.
Dr. Gene Shelp, CEO said, “During the past 9
months, the CWTI team has designed, constructed and delivered 3
AmmEl-AQUA transport units for validation testing by our partner
Ship Nature’s Way/ Blue Vita Technologies Inc. Based on the
extremely positive results to date, the partners have recently
expanded their marketing efforts to include recirculating
aquaculture systems, fish storage facilities, mobile temporary
storage, live haul fish transport, fishing vessel holding tanks,
hatcheries, well boats, aquariums, shrimp pond culture, commercial
fish retail outlets, and seafood distribution centers.
“This ground breaking technology will
revolutionize both production and distribution within the
aquaculture industry, resulting in less loss of aquatic life,
humane and responsible husbandry, and greater sustainability. The
forecast for this technology is in the tens of millions, allowing
CWTI to explore additional funding sources to support near to
medium term growth projections.”
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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