CALGARY,
AB, July 31, 2023 /CNW/ - CVW CleanTech
Inc. (the "Company" or "CVW CleanTech") (TSXV: CVW) is pleased
to announce that it has published a Process and Technology Overview
of its patented Creating Value from Waste™ ("CVW™") technology.
This document is available on the Company's website using the URL
below and will be posted on SEDAR in the coming days.
https://cvwcleantech.com/technology/process-and-technology-overview/
The Process and Technology Overview provides detailed insight
into the CVWTM technology as well as the extensive
efforts of the Company to bring it to commercial readiness. The
overview highlights various aspects of the CVWTM
technology including the Company's intellectual property, expected
commodity recoveries, potential environmental benefits to
Alberta and Canada, and the economic benefits that will be
generated through commercial implementation.
About CVW CleanTech
Inc.
CVW CleanTech Inc. is a clean technology innovator, working
to develop sustainable technology solutions. The Company has
developed a suite of technologies called CVW™ that recovers
bitumen, solvents, critical minerals and water from oil sands froth
treatment tailings while significantly reducing their emissions and
enhancing tailings management.
Disclosure regarding forward-looking
information
This news release contains forward-looking statements and
information within the meaning of applicable Canadian securities
laws (collectively, "forward-looking information") that reflect the
current expectations of management about the future results,
performance, achievements, prospects, or opportunities for CVW
CleanTech.
Forward-looking statements are frequently, but not always,
identified by words such as "expects", "anticipates", "believes",
"intends", "estimates",
"potential", "possible" and similar expressions, or statements that events, conditions or results "will",
"may", "could" or "should" occur or be
achieved. The forward-looking statements may include statements
regarding the results of deployment of CVWTM
technologies and its business plan, expected commodity recoveries,
potential environmental benefits to Alberta and Canada, economic benefits generated through
commercial implementation CVWTM and statements regarding
the benefits and implications of the implementation of our
technologies or other statements that are not statements of
fact. Forward-looking statements are statements about the
future and are inherently uncertain, and actual achievements of the
Company may differ materially from those reflected in
forward-looking statements due to a variety of risks, uncertainties
and other factors. For the reasons set forth above, investors
should not place undue reliance on forward-looking statements.
Important factors that could cause actual results to differ
materially from the Company's expectations include: uncertainties
in the timing and receipt of regulatory and exchange approvals;
uncertainties involved in disputes and litigation; fluctuations in
interest rates, commodity prices, currency exchange rates, and
other financial conditions, and the resultant effect on viability
of investments; changes in the availability, and cost, of technical
labour required for our business; price escalation and/ or
inflationary pressures affecting the cost of equipment and material
required to commercialize our projects; the uncertainty of
estimates of capital and operating costs; the need to obtain
additional financing and uncertainty as to the availability and
terms of future financing; the impact on the Company of increasing
inflation; and other risks and uncertainties disclosed in other
information released by the Company from time to time and filed
with the appropriate regulatory agencies.
All forward looking statements are based on the Company's
beliefs and assumptions which are based on information available at
the time these assumptions are made. The Company has made the
following assumptions in relation to the forward-looking statements
in this press release: the expected environmental and economic
benefits to be achieved from CVW™ technologies; the ability of the
Company to successfully access various government funding programs;
the details of government funding programs and that such programs
will be implemented (and not change) as expected; that the Company
will continue to be able to protect its intellectual property;
assumptions as to various market and commercial opportunities for
the Company and its technologies; and the ability of the Company to
continue to develop and commercialize its technologies. The
forward-looking statements contained herein are as of the date set
out above and are subject to change after this date, and the
Company assumes no obligation to publicly update or revise the
statements to reflect new events or circumstances, except as may be
required pursuant to applicable laws.
Although management believes that the expectations
represented by such forward-looking information or statements are
reasonable, there is significant risk that the forward-looking
information or statements may not be achieved, and the underlying
assumptions thereto will not prove to be accurate. Actual results
or events could differ materially from the plans, intentions and
expectations expressed or implied in any forward-looking
information or statements, including the underlying assumptions
thereto, as a result of numerous risks, uncertainties and factors
including: failure to obtain regulatory approvals; the possibility
that opportunities will arise that require more cash than the
Company has or can reasonably obtain; dependence on key personnel;
dependence on corporate collaborations; potential delays;
uncertainties related to early stage of technology and product
development; uncertainties as to fluctuation of the stock market;
uncertainties as to future expense levels and the possibility of
unanticipated costs or expenses or cost overruns; and other risks
and uncertainties which may not be described herein.
For further information, please contact:
Akshay Dubey
|
Kevin Moran
|
CEO
|
CTO
|
Akshay.Dubey@CVWCleanTech.com
|
Kevin.Moran@CVWCleanTech.com
|
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE CVW CleanTech Inc