Forward Water Technologies Corp.

Forward Water Technologies Corp. is a publicly traded Canadian company specializing in wastewater treatment through the commercialization of its proprietary forward osmosis (FO) technology. Headquartered in Sarnia, Ontario, Canada, the company's mission is to contribute to global water conservation by enabling the reduction of challenging waste streams and the recovery of fresh water for reuse or surface release. Its CEO, C. Howie Honeyman, emphasizes the company's mandate to transform water into an infrastructure asset rather than a disposable commodity.

The company's core offering is its industrial Forward Osmosis (iFO) technology, which employs a unique three-step process for water extraction, water/salt separation, and salt draw reconcentration, utilizing a patented "Switchable Water Salt" (SWS) and low-grade heat. This low-energy process allows for high-rate water extraction from complex waste streams. Forward Water Technologies provides a range of services, including lab and pilot plant services, operation services, and mobile iFO™ containerized systems for various industrial needs. Its technology is applied across diverse market segments, including industrial wastewater, oil and gas, direct lithium extraction (DLE), mining, agriculture, and municipal water supply and reuse, with ongoing research and development in the food and beverage sector.

Recent developments for Forward Water Technologies include the successful completion of a proof-of-concept evaluation contract demonstrating the efficacy of FO in concentrating high-value feed streams, which could lead to reduced production costs by replacing thermal evaporation. The company has also initiated new projects with major food and beverage corporations to enhance wastewater handling and produce superior concentrates. In 2023, its wholly-owned subsidiary licensed specific intellectual property from FUJIFILM Corporation, and it has been contracted by CleanTech Lithium for advisory services related to DLE processes in Chile. The company announced its financial results for the twelve-month period ended March 31, 2026, and closed a secured bridge debenture financing.