CVW Cleantech Releases Process and Technology Overview
News Release – July 31, 2023 Page 1
CVW CLEANTECH RELEASES PROCESS AND TECHNOLOGY OVERVIEW
CALGARY, ALBERTA – (July 31st, 2023) – CVW CleanTech Inc. (the “Company” or “CVW CleanTech”) (TSX-
V: 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
News Release – July 31, 2023 Page 2
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 it s 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
[email protected] [email protected]
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.