Current Drinking water Technologies Inc. Symptoms Binding Memorandum of Arrangement With Singapore-Primarily based Separtis Systems International Pte Ltd

GUELPH, Ontario, Feb. 01, 2023 (World NEWSWIRE) — Latest Water Systems Inc. (TSX-V: WATR) (“CWTI” or the “Company” or “the Corporation”), an rising technology leader in the management of industrial and municipal wastewater and drinking water resources, introduced now that the Organization has executed a binding Memorandum of Arrangement (MOA) with Separtis Technologies Worldwide Pte Ltd of Singapore.

CWTI’s CEO, Dr. Gene Shelp said that, “Separtis and CWTI have embarked upon an bold plan to create a 50/50 joint venture corporation for world profits and marketing things to do focused on the h2o treatment and inexperienced hydrogen sectors by the finish of Q1, 2023.

We think that a special and well timed company opportunity exist to integrate major-edge technologies with international marketplace possibilities, strategic government weather and strength initiatives, aligned culture and company interests, and funding particularly focusing on ‘ESG’ (Environmental, Social, Governance) tasks. The events be expecting to execute Definitive Revenue and Advertising and marketing and IP Transfer Agreements in February 2023.”

Current Water Systems Inc. shall grant the Joint Undertaking an distinctive license to market and market the Company’s in depth portfolio of patented, patent-pending and proprietary progressive electrochemical h2o therapy and environmentally friendly hydrogen and lithium restoration technologies.

A in the vicinity of-time period priority will be to actualize CWTI’s vision of changing high priced wastewater procedure amenities into earnings facilities. The ammonia in municipal and industrial waste waters will be converted into worthwhile environmentally dependable items these types of as superior purity, fuel mobile-quality environmentally friendly hydrogen gas, environmentally pleasant nitrogen gasoline, and a useful disinfectant (see Press Release, Sept 28, 2021). This ought to create the utility of the AmmEL-H2 green hydrogen technological know-how in creating nearby/regional electricity storage facilities/hubs − vital components in the future electrical grid.

At the “We You should not Have Time’s COP27 Local weather Hub” held in Egypt, in November, 2022, the AmmEL-H2 Inexperienced Hydrogen technological innovation was launched to the world environmentally-concentrated community. The phrase “Green HY-way” was coined to describe our strategy for linking the reduction of nitrogen air pollution from wastewater therapy in population clusters along significant transportation routes, to the generation of inexperienced energy. A community of strategically placed, considerably limitless valuable squander h2o sources, would ensure that hydrogen is created exactly where it is necessary and therefore switch the present-day design of geographically centralized and pricey, common big electrolyser hubs. Regular hydrogen creation amenities characteristically call for a responsible supply of high priced significant purity fresh new water and are expected to generate large greenhouse gasoline emissions relevant to the trucking of hydrogen prolonged distances to services nationwide and world-wide calls for. A duplicate of the presentation can be located at: https://www.youtube.com/observe?v=Q2hekwBVohc and on our Corporation web-site (www.currentwatertechnologies.com).

About Separtis Technologies International Pte Ltd and Subsidiary Separtis (Separtis)

Separtis Systems World wide Pte Ltd is a Singapore registered technological innovation system that is concentrated on squander administration and utilization. Its subsidiary, Separtis, is an progressive, Australian engineering organization functioning in the squander administration, remediation & recycling sector. Separtis is associated in the improvement and implementation of engineering that solves perplexing world wide environmental issues. From impressive, cell wastewater cure systems, to new plastic recycling procedures, to destruction of microplastics in the ocean, to smart restoration of metals from e-waste and mine tailings, Separtis is targeted on making use of innovative engineering options to improve our planet.

About Latest Water Systems Inc.

Present-day Drinking water Technologies is a “Technology Company” making use of its patented and proprietary “Electrochemical Technologies” to the generation of Environmentally friendly Hydrogen and to the procedure of waste h2o, desalination drinking water and drinking drinking water contaminated by metals or nutrients, i.e., nitrate/ammonia affiliated with the mining, oil and gasoline, metal processing, chemical, agricultural, municipal and squander management sectors. Pumptronics Included operates as a division of the Enterprise and carries on to purpose as an integrated pump station manufacturer specializing in custom design and automation.

The widespread shares trade on Tier ll of the TSX Undertaking Exchange beneath the symbol “WATR”.

The TSX Venture Exchange has not reviewed and does not acknowledge duty for the adequacy or accuracy of this launch.

FOR Even further Facts Be sure to Contact:

Dr. Gene S. Shelp, Ph.D., P.Geo.
President and CEO

Tel: (519) 836-6155
Fax: (519) 836-5683
E-mail: [email protected]
World wide web Website: www.currentwatertechnologies.com

Ahead Looking Statements

This news launch is made up of forward-looking statements inside the that means of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These ahead-searching statements are topic to hazards and uncertainties and other things that might induce Present-day H2o Technologies Inc. final results to vary materially from expectations. These include risks relating to sector fluctuations, house effectiveness and other risks. These ahead-searching statements talk only as of the day hereof. Sure statements contained in this press release and in certain documents included by reference into this press launch constitute ahead-on the lookout statements. The use of any of the phrases “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and “confident” and related expressions are intended to establish ahead-wanting statements. These statements require recognised and unknown dangers, uncertainties and other factors that could induce actual effects or occasions to differ materially from these anticipated in these kinds of forward-looking statements. Recent H2o thinks that the anticipations mirrored in these ahead-on the lookout statements are reasonable but no assurance can be specified that these anticipations will confirm to be appropriate and this kind of ahead-looking statements incorporated in, or integrated by reference into, this press launch should really not be unduly relied upon. These statements converse only as of the day of this push launch. Present H2o undertakes no obligation to publicly update or revise any ahead-on the lookout statements, irrespective of whether as a result of new information and facts, upcoming functions or normally.