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Forward Water Technologies Corp. Announces Resignation of Director Andrew Pasternak

Monday, 10 June 2024 08:30 AM

Forward Water Technologies Corp.

TORONTO, ON / ACCESSWIRE / June 10, 2024 / Forward Water Technologies Corp. (TSXV:FWTC) (the "Company" or "FWTC") announces the resignation of Andrew Pasternak from the Board of Directors of Forward Water Technologies Corp. Mr. Pasternak has been aiding FWTC prior to its listing on the TSXV and well afterward. The Company's board will continue to review potential replacements for Mr. Pasternak and will issue a further news release if and when a replacement is identified.

FWTC's CEO, C. Howie Honeyman said,"Mr. Pasternak has been a key asset in the formation of FWTC and has provided essential support for many years. His positive contributions will continue to resonate for many years. We are saddened to see him depart but know he will continue aiding others in bringing innovative technologies to commercial reality."

About Forward Water Technologies Corp.

Forward Water Technologies Corp. (TSX.V:FWTC) 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, DLE, 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.

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Contact Information

For more information or interview requests, please contact:

C. Howie Honeyman - Chief Executive Officer
[email protected]
(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 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 information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable 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.

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