Forward Water Technologies Corp. announced that it has entered into negotiations to deliver a FWTC forward osmosis pilot system on-site in Chile to support a customer's lithium extraction process. The Company's decision to pursue this opportunity comes in response to the growing demand for its innovative technology in the region.

FWTC enables sustainable operations by providing customers with a proprietary cutting-edge technology to recover water that would be permanently lost given traditional treatment methods. Processes that preserve water for re-use or safe surface discharge are paramount concerns for lithium extraction in Chile and the surrounding region. Through its clients' operations, FWTC will be able to demonstrate the effectiveness of its process on-site and in a real-world setting, while gaining valuable insights into the lithium market.

The Company expects to complete negotiations and deploy the unit on-site in the coming months.