Forward Water Technologies Inc., a game-changer in the water treatment industry, accomplished a significant financial milestone recently as they completed a steadfast non-brokered private placement of secured debentures. FWT is an innovative Canadian company specializing in water technology, which incorporates forward osmosis and switchable solvents to enable effective industrial water treatment solutions.
The remarkable transaction unveiled a robust financial strategy by raising a total of $1.6 million through debentures placement. The unflinching support and belief of investors in the potential and prospects of FWT have been reiterated through this financial endeavor. Further, the substantial investment not only emphasizes the strong presence of the company in the industry but also ensures the future endeavors of FWT.
FWT is renowned for its cutting-edge technology in the water treatment domain, with a sound emphasis on reducing water worries around the world. The company’s groundbreaking technology, known as ‘Engineered Osmosis (EO)’, leverages a unique approach to dealing with industrial waste containing high salt content. Utilizing a process of forward osmosis and switching solvents, it provides a virtually zero liquid discharge solution. It is this pioneering technology that has attracted solid investments into the company.
As part of the financial agreement, the debentures will be bearing an annual interest rate of 10%, allowing investors to accrue yearly. The secured debentures have a maturity of 36 months from the date of closing, with the potential for payment before maturity without any penalty. This strategy is designed to offer a safe and secure investment opportunity for stakeholders while ensuring the financial stability and growth of FWT.
Alongside the successful placement of debentures, FWT also announced plans to increase production capacities in their facilities located in Canada and one US state. This expands the scope of their operations and bolsters the company’s role in the water treatment industry. The expansion is directly linked to the fresh capital investments and aims to accelerate the rate at which the company can meet market demands.
Moreover, the funds raised from the placement will be utilized to foster the exploration of new markets, both geographic and demographic. The financial stability allows FWT to focus their resources on research and development, bringing more advanced and efficient water treatment solutions to the market.
The initiative has further stoked the confidence of investors who look up to Forward Water Technologies as a solid and responsible player in the water treatment industry. Successfully securing the non-brokered private placement, FWT demonstrates its financial acumen and further strengthens its commitment to harnessing and improving wastewater treatment technologies.
In summary, Forward Water Technologies’ successful completion of the non-brokered private placement of secured debentures underscores not just the promising future of the company, but also the continuing growth of the water treatment industry. The raised funds will serve as a stepping stone for aggressive expansion, more in-depth research, and development, and further broaden their footprint in the market. The move is a testament to FWT’s unwavering commitment to their environmental responsibilities and their dedication to providing effective water treatment solutions globally.