Ontario Water News

Forward Water Technologies Receives Private Investment

Forward Water Technologies has announced that Bioindustrial Innovation Canada and GreenCentre Canada have made a private investment in the Mississauga, Ontario-based company.

The strategic investment will support the commercial scale-up of the company’s proprietary forward osmosis technology, which holds the potential to alleviate the increasing global demand for fresh water, and substantially reduce waste water treatment and disposal costs.

Forward Water has been engaged in the commercial development of this technology and has brought it from the lab toward commercial readiness. This investment not only unlocks a substantial non-dilutive government-based funding opportunity previously announced, but propels the company closer to its first commercial sale, which it hopes to achieve in 2019.