Current Water reviews 2023 activities, progress
2023-10-18 09:47 ET - News Release
Dr. Gene Shelp reports
CURRENT WATER TECHNOLOGIES CORPORATE UPDATE
Current Water Technologies Inc. has provided its shareholders and supporters with the following corporate update.
Marketing activities
Two thousand twenty-three has been a transitional year for Current Water Technologies, with the establishment of a sales and marketing team that is engaging numerous domestic and international parties in the oil and gas, municipal, agricultural, fertilizer, biogas, and mining sectors. Management believes the future is bright for the company's innovative AmmEL-H2 technology as global social and political sentiments are aligned, and governments urgently seek solutions to the ever-worsening climatic conditions.
Most notably, after successfully competing to earn the right to participate, Current Water Technologies has been an invited speaker at technology forums organized by Isle Utilities of the United Kingdom. Isle Utilities is an international independent technology and innovation consultancy that brings together engineers and scientists with extensive and diverse consulting expertise to facilitate relationships in the water, waste, energy, carbon and the build environment sectors. The Isle team supports innovation, technology development, strategy and growth, and investment, and is experienced in bringing new technologies to market.
Through Isle's global innovation forum, the Technology Approval Group (TAG), Isle has established a strong record in identifying emerging technologies and accelerating their market uptake.
During the first half of 2023, Current Water Technologies participated in two technology forums in Europe, which have resulted in continuing negotiations with several municipal and industrial entities. Markus Ingelsson, MSc, Current Water's manager, engineering and technical services, has been invited to speak at the Joint Western Wastewater and Pacific Northwest TAG meeting on Thursday, Oct. 19, 2023. This in-person meeting will be hosted by Orange County Sanitation District in Fountain Valley, Calif., and include participation of major regional municipalities.
In-house interactive pilot-scale investigative studies
Currently, Current Water Technologies is conducting stage 1 in-house pilot-scale investigative studies for several municipal and industrial clients. For its clients, these studies are an important proof-of-concept step prior to adopting the company's innovative technologies. Current Water's interactive program format enables client participation following completion of the optimization stage of the test program.
Successful investigative studies should lead to an on-site pilot/demonstration project and subsequently, a commercial installation.
Aquaculture activities
In the third quarter, Current Water Technologies received a purchase order for four additional AmmEL-Aqua ammonia treatment systems. The systems are scheduled to be delivered during the fourth quarter of 2023. Current Water Technologies is optimistic that sales of AmmEL-Aqua systems will significantly increase in 2024 as its partners launch their innovative, best-in-class service for transport and storage of live aquatic animals utilizing containers equipped with BlueVita Technology.
Pumptronics activities
Following a busy first quarter, sales were relatively quiet during the second quarter. However, the sales and design team was very active, with the submission of 15 quotations, primarily for large to medium flood control/irrigation pumping systems. In August, 2023, a purchase order was received for a large flood control pumping system, as well as those for multiple smaller systems. Multiple sales for large to mid-size pumping stations are anticipated during the final quarter of 2023.
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, such as nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. Pumptronics Inc. operates as a division of the company and continues to function as an integrated pump station manufacturer specializing in custom design and automation.
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