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2022-08-26 | TSXV:FWTC | Press Launch

2022-08-26 | TSXV:FWTC | Press Launch

TORONTO, ON / ACCESSWIRE / August 26, 2022/ Ahead Water Applied sciences Corp. (TSXV:FWTC) (the “Firm” or “FWTC“) is happy to announce that it has filed its condensed consolidated un-audited monetary statements and associated administration’s dialogue and evaluation for the three months ended June 30, 2022. Copies of those monetary statements and associated administration’s dialogue and evaluation will be discovered on the Firm’s issuer profile at www.sedar.com. All monetary info on this information launch is reported in Canadian {dollars}, except in any other case indicated.

Q1 Monetary Highlights

  • Whole bills have been $559,939 for the three months ended June 30, 2022 in comparison with $501,662 for a similar interval in 2021.
  • Internet loss and complete loss was $541,966 for the three months ended June 30, 2022, in comparison with a internet loss and complete lack of $565,985 for a similar interval in 2021.
  • Primary loss per share was $0.01 for the three months ended June 30, 2022 which is unchanged to the fundamental loss per share for a similar interval in 2021.

Working Highlights and Current Company Developments

  • On April 25, 2022, FWTC signed a improvement testing contract with Cornish Lithium Ltd (UK) to judge the power of FWTC’s course of to pay attention lithium containing feed streams on the engineering analysis scale in Sarnia ON
  • On Could 26, 2022, the Firm introduced that it has been chosen by the panel of The Centre for Ganga River Basin Administration and Research (cGanga) to take part within the Surroundings Know-how Verification (ETV) program. The ETV program is used to speed up the introduction, piloting and adoption of modern new water and wastewater applied sciences into the India market
  • Could 30 – June 3, 2022, Howie Honeyman, CEO and Grant Thornley, VP of Engineering Gross sales, introduced on the IFAT Convention in Munich, the world’s largest platform for water, sewage, waste and uncooked supplies administration
  • June 11-22, 2022, Howie Honeyman visited the Goldfinch ahead water pilot web site in Boisar, India to evaluation the method and supply technical help
  • June 13-15, 2022, Grant Thornley introduced at PDAC in Toronto, a global mining and exploration convention.

Administration Commentary

“The Firm continues to progress on its projected marketing strategy and industrial improvement. Our focus stays on continued shopper engagement by way of the usage of our experience, technical assets, and offering entry to our proprietary gear platform,” mentioned Howie Honeyman, CEO of the Firm.

Abstract of Monetary Outcomes

Earnings Assertion

2022-08-26 | TSXV:FWTC | Press Launch

Steadiness Sheet

Forward Water Technologies Corp., Friday, August 26, 2022, Press release picture

Assertion of Money Flows

Forward Water Technologies Corp., Friday, August 26, 2022, Press release picture

About Ahead Water Applied sciences Corp.

Ahead Water Applied sciences Corp. is a publicly traded Canadian firm devoted to saving the earth’s water provide utilizing its patented Ahead Osmosis expertise. The Firm was based by GreenCentre Canada, a number one expertise innovation centre supported by the federal government of Canada. The Firm’s expertise permits for the discount of difficult waste streams concurrently returning contemporary water for re-use or floor launch. The Firm’s mandate is to give attention to the large-scale implementation of its expertise in a number of sectors, together with industrial wastewater, oil and fuel, mining, agriculture and finally municipal water provide and re-use market sectors. As well as, the Firm has initiated early stage R&D for the remedy of meals and beverage course of streams.

For extra info, please go to www.forwardwater.com.

Contact Info

For extra info or interview requests, please contact:

C. Howie Honeyman – Chief Govt Officer

[email protected]

416-451-8155

Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this information launch.

Ahead-Trying Statements

Sure statements contained on this information launch represent “forward-looking info” as such time period is utilized in relevant Canadian securities legal guidelines together with statements relating to growth and uptake of the Firm’s expertise and the power for the Firm to attain its progress technique and marketing strategy. Ahead-looking info is predicated on plans, expectations and estimates of administration on the date the data is supplied and is topic to sure components and assumptions, together with, the power to scale the expertise and the adoption of the expertise by potential prospects.

Ahead-looking info is topic to quite a lot of dangers and uncertainties and different components that would trigger plans, estimates and precise outcomes to differ materially from these projected in such forward-looking info. Among the dangers and different components that would trigger outcomes to vary materially from these expressed within the forward-looking statements embody, however will not be restricted to: the impacts from the coronavirus or different epidemics, normal financial situations in Canada, america and globally; unanticipated working occasions; the provision of capital on acceptable phrases; the necessity to get hold of required approvals from regulatory authorities; inventory market volatility in addition to the opposite dangers and uncertainties relevant to the Firm as set forth within the Firm’s steady disclosure filings filed below the Firm’s profile at www.sedar.com. The Firm undertakes no obligation to replace these forward-looking statements, apart from as required by relevant regulation. Though the Firm has tried to establish necessary components that would trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different components that trigger outcomes to not be as anticipated, estimated or meant. Accordingly, readers mustn’t place undue reliance on forward-looking info.

SOURCE: Ahead Water Applied sciences Corp.

View supply model on accesswire.com:

https://www.accesswire.com/713712/Ahead-Water-Applied sciences-Publicizes-First-Quarter-2022-Monetary-Outcomes