- During the first quarter, Current Water Technologies received 47 requests for quotations for pumping stations and water treatment systems
- The company completed the fabrication of two custom-automated pumping systems during the first quarter
- Current Water Technologies has already received orders for new pumping stations totalling C$170,000
- Current Water is well-positioned to take advantage of the boom in infrastructure investment, given the increasing importance of water infrastructure
- Current Water Technologies offers advanced technology for the treatment of industrial and municipal wastewater and drinking water resources
- Current Water Technologies Inc. (WATR) is down 11.76 per cent, trading at $0.075 per share at 3 pm ET
Current Water Technologies Inc. (WATR) has provided a corporate update.
During the first quarter, Current Water Technologies received a record of 47 requests for quotations for sales of pumping stations and for municipal and industrial water treatment systems.
Also, during the first quarter of 2021, the company completed the fabrication of two custom-automated pumping systems. Fabrication of a third major pumping station is scheduled to be completed and shipped by the middle of May.
In response to recent sales and marketing activities, Current Water Technologies has already received orders for new pumping stations totalling C$170,000. The company anticipates strong sales of its proprietary custom-automated pumping stations in 2021.
Dr. Gene Shelp, Current Water’s CEO, said,
“We are excited about the accelerating sales growth potential for our pumping division. Furthermore, despite the challenges with COVID, we are optimistic that our continuing discussions with interested parties will result in near-term sales of our patented water treatment systems.
The company is encouraged by the Biden Administration’s recent announcement of a $2 trillion USA infrastructure plan, which includes a focus on green energy, as well as $112 billion for rebuilding the country’s water infrastructure.
We are well-positioned to successfully take advantage of the boom in infrastructure investment, especially with the increasing importance of water infrastructure. With our improved balance sheet, we are investing in hiring senior sales and technical staff to further our growth. We expect to make further announcements this quarter.
This initiative, coupled with the revival of the US EPA and environmentally responsible water management, represents a unique opportunity for CWTI as its strategic plan includes the recovery of clean energy in the form of hydrogen gas while treating ammonia, a significant environmental contaminant.”
Current Water Technologies offers advanced technology for the treatment of industrial and municipal wastewater and drinking water resources.
Current Water Technologies Inc. (WATR) is down 11.76 per cent, trading at $0.075 per share at 3 pm ET.
