GUELPH, Ontario, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Current Water Technologies Inc. (TSX-V: WATR) ("CWTI" or "the Company" or "the Corporation"), an emerging technology leader in the management of ammonia in industrial and municipal wastewaters, announces the filing of a provisional patent application for its AmmEl-AQUA system for treatment of ammonia in the aquaculture sector.
The filing of this application with the U.S. Patent and Trademark Office (USPTO) establishes an early effective filing date and allows CWTI to ascribe the phrase “patent pending” to any commercial products, methods, or services contemplated by the subject matter claimed. The patent application, once converted into a U.S. non-provisional, utility application, provides the detailed claims upon which legal protection is afforded upon a grant of a U.S. patent. CWTI also plans to submit individual national stage patent applications in select international jurisdictions.
Dr. Gene Shelp, CEO said, “During the past 9 months, the CWTI team has designed, constructed and delivered 3 AmmEl-AQUA transport units for validation testing by our partner Ship Nature’s Way/ Blue Vita Technologies Inc. Based on the extremely positive results to date, the partners have recently expanded their marketing efforts to include recirculating aquaculture systems, fish storage facilities, mobile temporary storage, live haul fish transport, fishing vessel holding tanks, hatcheries, well boats, aquariums, shrimp pond culture, commercial fish retail outlets, and seafood distribution centers.
“This ground breaking technology will revolutionize both production and distribution within the aquaculture industry, resulting in less loss of aquatic life, humane and responsible husbandry, and greater sustainability. The forecast for this technology is in the tens of millions, allowing CWTI to explore additional funding sources to support near to medium term growth projections.”
Neither the TSX Venture Exchange Inc. 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 release.
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, i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. Pumptronics Incorporated operates 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 trade on Tier ll of the TSX Venture Exchange under the symbol “WATR”.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dr. Gene S. Shelp, Ph.D., P.Geo.
President and CEO
Tel: (519) 836-6155
Fax: (519) 836-5683
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 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 undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.