November 13, 2018, Guelph, Ontario: Current Water Technologies Inc. (TSX-V:WATR) (“CWTI” or the “Company”) is pleased to announce that the Company has entered into a consulting contract to participate in the evaluation of water treatment options for the treatment of ammonia at a Canadian gold mining operation owned by a major North American mining company.
Industrial activities such as metal mining and fertilizer production can generate considerable ammonia. Ammonia is regulated due to its toxicity to aquatic life, and the new Metal & Diamond Mining Effluent Regulations, to be fully enacted by June 2021, includes unionized ammonia as a prescribed deleterious substance. CWTI’s field-proven patented AmmEl technology represents a leading solution for treating ammonia in mining and other industrial activities world-wide. The Company welcomes the opportunity to work closely with Canadian mining operations to incorporate its ammonia treatment system.
CWTI anticipates completing the Scope of Work by year-end.
About Current Water Technologies Inc.
Current Water Technologies Inc. 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 will operate 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 of the Company trade on Tier ll of the TSX Venture Exchange under the symbol “WATR”.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gene S. Shelp, Ph.D., P.Geo., President and CEO
Tel: (519) 836-6155
Fax: (519) 836-5683
E-mail: gshelp@currentwatertechnologies.com
Web 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 Technologies Inc. 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 Technologies Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.