Forward Water Technologies:Innovative Technology Supporting the Quest for Clean Water – Investing News Network

Forward Water Technologies (TSXV:FWTC)) helps in the reduction of environmental impact of lithium mining companies and other industries through innovative wastewater treatment technology that enables industrial operations to reduce liquid waste volume by up to 95 percent.
Transformative wastewater technologies are critical for both businesses and the world’s population. In fact, unless sufficient progress is achieved, UNICEF and WHO estimate that 1.6 billion people will be without access to safe drinking water by 2030, and 2.8 billion will be without access to safe sanitation and hygiene. Water treatment technologies can disrupt current trends and improve global access to safe drinking water.
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Forward Water Technologies (TSXV:FWTC) is helping lithium mining companies and other industries reduce their environmental impact through its innovative wastewater treatment technology that enables industrial operations to reduce liquid waste volume by up to 95 percent.
Environmental, social and governance (ESG) ratings continue to be a key business strategy for organizations as they impact public perception and partnership possibilities. For water-intensive industries, such as mining, sustainable wastewater management is critical.
Transformative wastewater technologies are critical for both businesses and the world’s population. In fact, unless sufficient progress is achieved, UNICEF and WHO estimate that 1.6 billion people will be without access to safe drinking water by 2030, and 2.8 billion will be without access to safe sanitation and hygiene. Water treatment technologies can disrupt current trends and improve global access to safe drinking water.
Through its Forward Osmosis (FO) technology, Forward Water is providing an environmentally friendly alternative to traditional wastewater disposal. Traditionally, wastewater disposal requires transporting untreated wastewater for deep well disposal or high-intensity thermal treatment. Forward Water’s FO system is installed at the client site, and wastewater is treated to reduce waste volume and produce valuable clean water for reuse in the manufacturing process. Then, the significantly reduced volume of wastewater is transported and disposed of, significantly saving on transportation and disposal costs.
The FO technology targets three massive sectors: industrial wastewater, mining and food manufacturing. Forward Water’s unique and patented FO technology achieves high-rate water extraction within a low-energy continuous process. The process reduces waste and allows up to 95 percent water recovery, ready for reuse.
Forward Water’s Li-FO™ technology is ideal for lithium-brine mining operations, allowing mines to “fine tune” brine sources to improve concentration by up to 20 times. This results in improved recovery and makes lower-concentration brines economically viable. Forward Water is currently embarking on an early development testing project to further evaluate and refine the technology’s viability in lithium mining.
Howie Honeyman, CEO, recently explained how the company’s technology can improve lithium mining industry operations. “A lot of lithium being mined today around the world is coming from underground aquifers that store the lithium brine. The challenge is that the lithium is surrounded by other minerals and salts, requiring chemical ‘tweezers’ to pluck out that lithium. What we can do is, at multiple places in that process, we can concentrate that lithium-containing water stream, which makes it far easier for these miners to handle the volumes they need to extract that lithium.”
An experienced management team with technical expertise leads the company towards further refining and deploying its technology. The team includes experts in materials science, chemistry and engineering. Additional experts in corporate administration and financing round out the leadership team to lead the company toward its goals.
Forward Osmosis (FO) is a naturally occurring process in which water is spontaneously drawn across a membrane when one solution is higher in salt concentration than the other. The difference in salinity, known as the osmotic gradient, creates a low-energy water treatment process.
Forward Water Technologies has leveraged the naturally occurring process to innovate its patented three-step FO technology, allowing for 95 percent wastewater reduction and 95 percent water recovery.
Project Highlights:
Dr. Howie Honeyman has 20 years of experience commercializing new technologies at Xerox, Cabot Corp., E Ink, Natrix Separations and as former CTO of GreenCentre Canada. Commercialized high capacity high throughput membranes for bioprocessing as SVP of Natrix Separations, which was recently acquired by Millipore-Sigma. Since 2015, Honeyman has been leading Forward Water to become a premier wastewater treatment solution. Honeyman is also an inventor of record on over 50 US patents and holds a PhD in chemistry from the University of Toronto.
Michael Willetts has over 25 years in financial leadership roles primarily in manufacturing, from large multinational businesses to startups, both public and private. He previously worked as an engineer in the automotive industry before entering into finance at Ford Motor Company. Willets went on to progressively larger finance roles in several international automotive suppliers (Textron, GKN, DSM) and Canadian manufacturers (Armtec, Stronach International, AirBoss of America). Willetts is currently providing fractional CFO services through WD Numeric Corporate Services in the manufacturing, SaaS and cannabis industries. Willetts graduated with a BASc, BComm and MBA from the University of Windsor.
Dr. Wayne Maddever received his Ph.D. in materials science engineering from the University of Toronto. Since 1985, he has held senior executive management positions with technically based businesses in start-up, turnaround or acquisition situations where his skills in change management have brought considerable success in the commercialization of new technologies. His experience in both private and public companies, domestically and internationally, spans a broad variety of industries, including bio and advanced materials, precision manufacturing, recycling, waste-to-energy and medical devices. He holds a number of patents in several fields. He is a fellow of the Canadian Academy of Engineering. In addition to his duties as COO of Forward Water, he is currently portfolio manager at Bioindustrial Innovation Canada, one of the major shareholders of Forward Water.
Grant Thornley is a business strategist with more than 25 years of experience. He has developed and grown international water/wastewater markets through innovative growth hacking techniques and processes, synergized with product development and positioning, data analytics and acceleration of go-to-market strategies through alliances and partnerships. Having expertise in chemical, mechanical and biological treatment processes as well as designing hundreds of municipal and industrial applications, Thornley brings a knowledge-to-action approach to helping clients solve problems and realize new opportunities in water reuse, energy conservation and CO2 reduction.
Leonard Seed has over 18 years of experience developing and commercializing new water and wastewater treatment technologies, primarily in a start-up environment. Seed is named as an inventor on over seven patents and has authored several publications. Seed is a professional engineer and has an MSc in environmental engineering from the University of Guelph. Leonard holds inventorship on seven US patents and is an instructor at Mohawk College teaching aspects of water treatment technologies and leading research efforts on forward osmosis.
Dr. Philip Jessop is a professor and Canada Research Chair of Green Chemistry at the Department of Chemistry, Queen’s University in Kingston, Ontario. He also serves as the technical director of GreenCentre Canada and executive research director at Forward Water Technologies. After his Ph.D. (British Columbia, 1991) and a postdoctoral appointment (Toronto, 1992), he became a contract researcher in Japan working for R. Noyori (Nobel Prize 2001). As a professor at the University of California-Davis (1996-2003) and since then at Queen’s, he has studied green solvents and the chemistry of carbon dioxide. Distinctions include the NSERC Polanyi Award (2008), Killam Research Fellowship (2010), Canadian Green Chemistry & Engineering Award (2012), Eni Award (2013), Fellowship in the Royal Society of Canada (2013), a Canada Research Chair Tier 1 (2013 to 2020), and the NSERC Brockhouse Prize (2019). He serves as chair of the editorial board for the journal Green Chemistry, has chaired three international conferences, and helped create GreenCentre Canada, a national center of excellence for the commercialization of green chemistry technologies. Forward Water is a spin-off company based on Dr. Jessop’s switchable solvents.
Forward Water Technologies Corp. ("Forward Water" or the "Company") (TSXV:FWTC) announces that Mr. Grant Thornley, Vice-President of Engineering Sales as well as Alessandra Rodriguez, Research Engineer will be exhibiting live at WEFTEC in New Orleans from October 8 to October 12, 2022
Date: October 8 – October 12, 2022
Location: New Orleans Morial Convention Center, Booth #4047 in Hall F in the Canadian Pavillion
Link: https://www.weftec.org
WEFTEC 2022 is an event where water professionals from around the world showcase the best in water quality education, the latest technologies, and trends. The Company is proud to present its patented forward osmosis solution that has the potential to significantly reduce water usage in many industrial use applications at this water quality event. Vice-President of Engineering Sales, Mr. Thornley comments "We are excited to be exhibiting at WEFTEC this year, as it provides us the opportunity not only to promote our technology and solution offerings but also to meet with our representatives and to network with industry experts".

About Forward Water Technologies Corp.
Forward Water Technologies Corp. is a publicly traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately municipal water supply and re-use market sectors. For more information, please visit www.forwardwater.com.
About the WEFTEC Water Quality Event 2022
The WEFTEC is celebrating its 95th annual Technical and Exhibition Conference this year in New Orleans. This is the largest water/wastewater conference in North America, providing access to the most cutting-edge technologies in the field. With thousands of water and wastewater professionals from around the world in attendance each year, sharing their experience with trends, water quality and proven solutions. For more information, please visit https://www.weftec.org.
Mr. Howie Honeyman, Ph.D., President & Chief Executive Officer
Forward Water Technologies Corp.
howie.honeyman@forwardwater.com
For further information please contact:
Kayla.ferderber@forwardwater.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 news release.
Forward Looking Statements
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to the need to obtain required approvals from regulatory authorities; stock market volatility as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
SOURCE: Forward Water Technologies Corp.
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Forward Water Technologies Corp. ("Forward Water" or the "Company") (TSXV:FWTC) announces their participation, in conjunction with Membracon UK, to support a study of Forward Osmosis with Cranfield University
Forward Osmosis is a water separation process which uses a semipermeable membrane and the natural energy of osmotic pressure to separate water from dissolved solutes. This solution technology process is, in most manners, used for product concentration, wastewater concentration and the extraction of clean water for reuse. With the ongoing world wide water crisis these emerging technologies will provide clean water alternatives to legacy solutions. As a leader in the global clean water initiatives, Forward Water is looking to expand their partnerships with leading educational institutions to assist in clean water recovery.

Cranfield University is a research intensive, exclusively post-graduate institution, working closely with business, industry and government to produce transformational sustainable solutions using their science, engineering, and management expertise. Cranfield Water Science Institute hosts unique world-class research facilities that expedite the delivery of leading-edge impact-oriented insights and solutions. Membracon and Forward Water will support the project in part, with significant additional funding from the UK. President and CEO, Mr. Honeyman comments, "Forward Water and Membracon view this relationship and the on-going study of forward osmosis as a path to rapid technology introduction into the UK market. With Cranfield providing a critical analysis of our process performance, we collectively remove barriers to adoption and allow faster and higher confidence implementation." The Company's patented technology solution has the ability to improve concentration feeds by extracting clean water and facilitating the isolation process.
About Forward Water Technologies Corp.
Forward Water Technologies Corp. is a publicly-traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by Green Centre Canada a leading technology innovation centre, supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately municipal water supply and re-use market sectors. For more information, please visit www.forwardwater.com.
Mr. Howie Honeyman, Ph.D., President & Chief Executive Officer
Forward Water Technologies Corp.
howie.honeyman@forwardwater.com
Phone: (519) 333-5888
For further information please contact:
Kayla.ferderber@forwardwater.com
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, the ability to scale the technology and the adoption of the technology by potential customers.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility as well as the other risks and uncertainties applicable to the Company as outlined in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.
Neither 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 news release.
SOURCE: Forward Water Technologies Corp.
News Provided by ACCESSWIRE via QuoteMedia

Forward Water Technologies Corp. ("Forward Water" or the "Company") (TSXV:FWTC) announces that it has secured an early development testing project to support a globally positioned mining company to aid in the sustainable lithium isolation pathway
The supply of lithium carbonate is projected to be realized by sourcing lithium from naturally occurring water sources such as aquafers. Critical to this isolation process is the handling of high-strength brine solutions. Methods of brine concentration will be a needed part of the process train and those methods must be both economical and be of limited impact on the surrounding environment. As lithium extraction methods rely on water as a key material, the implementation of new water technologies that ensure water will be preserved becomes essential. The Company's patented technology solution has the ability to concentrate the lithium containing feeds by extracting clean water and facilitate the isolation process. Once completed, the clean water is then returned to the original source, used in replenishing the aquifer or re-used in the industrial process all while creating a more efficient procedure.

An early development testing project has been established in which Forward will test its water treatment capabilities with field sourced brines to ascertain its potential commercial effectiveness. This is the first step in ensuring a commercial, profitable, and environmentally responsible production pathway. President and CEO, Mr. Honeyman comments, "We are pleased to initiate the first steps in exploring how our technology can be exploited for lithium production. If successful our potential partnership will allow rapid deployment of an efficient water preserving process across the globe." The Company's ability to concentrate challenging brines throughout the lithium processing path positions Forward Water to be an exceptional tool and an asset for lithium production. Moving forward with an economically advanced process as well as a reduced carbon footprint is essential for the sustainability of the world.
About Forward Water Technologies Corp.
Forward Water Technologies Corp. is a publicly-traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by Green Centre Canada a leading technology innovation centre, supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately municipal water supply and re-use market sectors. For more information, please visit www.forwardwater.com.
Mr. Howie Honeyman, Ph.D., President & Chief Executive Officer
Forward Water Technologies Corp.
howie.honeyman@forwardwater.com
Phone: (519) 333-5888
For further information please contact:
Kayla.ferderber@forwardwater.com
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, the ability to scale the technology and the adoption of the technology by potential customers.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility as well as the other risks and uncertainties applicable to the Company as outlined in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.
Neither 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 news release.
SOURCE:Forward Water Technologies Corp.
News Provided by ACCESSWIRE via QuoteMedia

Forward Water Technologies Corp. ("Forward Water" or the "Company") (TSXV:FWTC) announces that it has secured an early development contract to support a prominent western Canadian lithium company to further optimize lithium isolation
Ensuring proficient lithium capture is essential to minimize costs, limit the consumption of water, and provide the highest quality battery-grade lithium materials. Guaranteeing a steady supply of this mineral while minimalizing the carbon footprint associated with their production and trade is critical to building a sustainable future. Using Forward Waters low energy demand forward osmosis process to concentrate the brines will lead to new and more efficient processing methods for mineral recovery. Recent studies in the Company's labs using real-world brines have shown that highly effective concentration, using their forward osmosis process, can be readily achieved, especially in the lithium sector. In many cases, over 90% of the water can be removed from the brines leading to a >10x increase in lithium concentration. President and CEO, Mr. Honeyman comments, "FWTC's unique ability to concentrate challenging brines throughout the lithium processing path positions FWTC to be an exceptionally useful tool for lithium production. Working cooperatively with Canadian producers allows us to magnify both of our opportunities.".

The government of Canada has estimated a lithium resource of approximately 2.9 million tonnes and with the use of this new technology solution, there will be a direct effect on the manufacturer's carbon footprint both in the manufacturing process and the emission of greenhouse gasses. Through the use of this new technology, compared to the current methods of disposal, large energy savings will be recognized for the sustainability of the country. This is especially important as the demand for materials such as lithium is expected to vastly outstrip supply for many years to come.
About Forward Water Technologies Corp.
Forward Water Technologies Corp. is a publicly-traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by Green Centre Canada a leading technology innovation centre, supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately municipal water supply and re-use market sectors. For more information, please visit www.forwardwater.com.
Mr. Howie Honeyman, Ph.D., President & Chief Executive Officer
Forward Water Technologies Corp.
howie.honeyman@forwardwater.com
Phone: (519) 333-5888
For further information please contact:
Kayla.ferderber@forwardwater.com
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, the ability to scale the technology and the adoption of the technology by potential customers.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility as well as the other risks and uncertainties applicable to the Company as outlined in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.
Neither 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 news release.
SOURCE:Forward Water Technologies Corp.
News Provided by ACCESSWIRE via QuoteMedia

Alkaline Fuel Cell Power banks on innovative clean tech to quickly "bring power to the people"youtu.be
An innovative technology that allows hydrogen to flow through natural gas pipelines will speed up the process of powering residential and commercial buildings with clean energy.
Through a joint venture with Progressus Clean Technologies, Alkaline Fuel Cell Power (AFCP) (NEO:PWWR,OTCQB:ALKFF) is leveraging hydrogen separator technology that allows customers to extract hydrogen — a clean source of energy — from the existing natural gas grid, explained CEO Frank Carnevale.
“We're showing two great technologies: a hydrogen separator technology and then our alkaline fuel cell, which is really cost-effective compared to alternatives,” Carnevale said. "We're doing this because we want to speed up how we bring our fuel cells to (the) market. And that's critical to our success."
On average, about 20 percent of the pipeline capacity of natural gas utilities can be filled with hydrogen, Carnevale said. That means when a local gas company injects hydrogen to one side of its system, that hydrogen flows with the natural gas through the pipeline to various customers, providing cleaner power.
Through AFCP’s fuel cells and Progressus' hydrogen separator device, which can be attached through that pipeline on the customer’s property, users can choose to extract only hydrogen energy to flow into their home or facility, which then is used to run AFCP's 4 kilowatt Micro-CHP or 4 kilowatt generator for pure hydrogen power, explained Carnevale.
“Fundamentally, we're bringing power to the people … it's a global energy transition we're all dealing with, and we're trying to make sure that we bring affordable, renewable and reliable power to the people,” Carnevale added.
In September 2022, AFCP announced that its wholly owned Belgian subsidiary Fuel Cell Power had earned ISO 9001:2015 certification for its quality management system for the development of alkaline fuel cells, an important step for the company to demonstrate to investors that it intends to move forward and scale the business, Carnevale said.
Watch the full interview with Alkaline Fuel Cell Power CEO Frank Carnevale above.
Disclaimer: This interview is sponsored by Alkaline Fuel Cell Power (NEO:PWWR,OTCQB:ALKFF). This interview provides information which was sourced by the Investing News Network (INN) and approved by Alkaline Fuel Cell Power in order to help investors learn more about the company. Alkaline Fuel Cell Power is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Alkaline Fuel Cell Power and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Facedrive Inc. (" STEER " or " the Company ") (TSXV: FD) (OTCQX: FDVRF), an integrated ESG technology platform, is pleased to announce it has received TSX Venture Exchange (the " TSXV ") approval for its corporate name change from "Facedrive Inc." to "STEER Technologies Inc." and its related stock symbol change to "STER". This announcement follows on the Company's news release dated April 20, 2022, announcing its overall rebranding efforts to "STEER" and the approval of its shareholders to a corporate name change on July 12, 2022. Trading on the TSXV in the Company's common shares under the new ticker symbol "STER" will commence at market opening on October 11, 2022. Contemporaneously, it is anticipated that the Company's common shares on the OTCQX will begin trading under the new stock symbol "STEEF".

The Company's common shares have a new CUSIP number of 858335102 and ISIN number of CA8583351025. The transfer agent of the Company continues to be Odyssey Trust Company. There is no change in the capitalization of the Company in connection with the change of name and new trading symbols. No action is required by existing security holders of the Company with respect to the name change and new trading symbols. Outstanding common shares certificates or DRS notices do not need to be exchanged. If registered shareholders have any questions or wish to receive an updated DRS statement or share certificate, they can contact the Company's transfer agent, Odyssey Trust by calling toll free 1 (587) 885-0960, or by email at shareholders@odysseytrust.com or by visiting www.odysseycontact.com .
"We are extremely excited to take this final step in repositioning our brand as "STEER" and get all final approvals to start trading under the updated symbol. We feel the new name and logo truly encapsulate the entirety of STEER's value proposition as a means to steer the world towards eco-friendliness and social responsibility in a nimble and agile manner. Market response and acceptance of the new name and logo have been positive since the launch of the rebranding campaign, and we believe that the strong new brand we are creating will continue to drive growth and steer us to be a global leader of on-demand and subscription-based mobility services," said Suman Pushparajah, CEO of the Company.
About the Company
STEER is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The Company's goal is to build a one-of-a-kind system that aggregates conscientious users, through a series of connected offerings, and enables them to buy, sell, or invest with the same platform, STEER. The Company's offerings generally fall into two categories: subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating delivery, B2B marketplace, Delivery-as-a-Service (DaaS) and rideshare businesses. The Company's platform is also powered by EcoCRED, its big data, analytics and machine learning engine which seeks to capture, analyze, parse and report on key data points in ways that measure the Company's impact on carbon reductions and offsets.
For more about the Company, visit www.steeresg.com .
Suman Pushparajah, CEO
suman@steeresg.com
STEER
100 Consilium Pl, Unit 400
Scarborough, ON
Canada M1H 3E3
www.steeresg.com
Forward-Looking Information
Certain information in this press release contains forward-looking information, including with respect to the Company's business, operations and condition, management's objectives, strategies, beliefs and intentions, and the company's forward plans to scale up its electric vehicle fleet. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events (for example, the success of the Company's rebranding campaigns with its new name) may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.
See "Forward-Looking Information" and "Risk Factors" in the Company's Annual Management Discussion & Analysis (MD&A) for the year ended December 31, 2021 (filed on SEDAR on May 2, 2022) and its interim MD&A for the periods ended March 31, 2022 (filed on SEDAR on May 30, 2022) and June 30, 2022 (filed on SEDAR on August 29, 2022) for a discussion of the uncertainties, risks and assumptions associated with these statements and other risks. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation and regulatory requirements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221005005331/en/
Company: Maria Verbytska, investor@steeresg.com
Media: Sana Srithas, sana@steeresg.com , Tel: 1-888-300-2228
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The global biofuels market was valued at US$120.6 billion in 2020 and is anticipated to reach US$201.21 billion in 2030. Despite previous dips, the outlook for the biofuels industry and US biofuel stocks is positive.
The driving forces behind rising demand for biofuels include a growing need for alternatives to gasoline in road transportation, and government mandates to blend automotive fuels with biofuels.
In 2021, the US was the largest biofuels-producing country. Midway through the year, the country’s Department of Energy (DOE) announced close to US$34 million in funding for 11 research and development projects aimed at improving and producing biofuels, biopower and bioproducts. A year later, the DOE launched a US$59 million funding initiative to support the scale-up of integrated biorefineries and greenhouse gas reduction in ethanol production for renewable diesel, aviation, marine and rail fuels.

What’s more, there are ongoing cleantech innovations that could move the needle forward, such as drop-in biofuels, the use of enzymes to boost bioprocessing and the use of agricultural waste products as fuel.
With the biofuels opportunity in mind, the Investing News Network has used TradingView’s stock screener to compile a list of US biofuel stocks with market caps under US$2 billion. The companies are listed in alphabetical order, and all figures were current as of market close on August 18, 2022.
Market cap: US$348.95 million; current share price: US$10.09
Aemetis is an advanced renewable fuels and biochemicals company. It produces advanced fuels and chemicals by acquiring, developing and commercializing technologies that can replace “traditional” petroleum-based products through the conversion of first-generation ethanol and biodiesel plants into biorefineries.
The company owns and operates a 60 million gallon per year ethanol and animal feed production facility in California. In addition, Aemetis owns and operates a 50 million gallon per year integrated fuels and chemical production facility on the east coast of India. The firm produces distilled biodiesel and refined glycerin for customers in Europe and Asia at that location.
Market cap: US$388.34 million; current share price: US$5.23
With headquarters in Sacramento, California, Alto Ingredients is a producer of industrial and beverage alcohols, premium feed and food products, as well as low-carbon renewable fuel in the form of ethanol.
Alto has seven distilleries across the states of Illinois, Idaho, Oregon and California. These facilities are capable of producing ethanol co-products, including wet and dry distillers grains, wet and dry corn gluten feed, corn condensed distillers solubles, corn gluten meal, corn germ, corn oil and distillers yeast.
Market cap: US$47.02 million; current share price: US$0.59
Next on this US biofuel stocks list is Comstock, which owns a portfolio of patented and proprietary process technologies designed to convert woody biomass feedstocks into cellulosic ethanol. These technologies are also capable of producing co-products, including renewable diesel and crystalline graphite.
The company recently announced it is targeting commercial-scale, first-generation ethanol production facilities for upgrades using its cellulosic ethanol production technology. “Our goal is to accelerate the commercialization of decarbonizing technologies,” said Executive Chairman and CEO Corrado De Gasperis. “We are ready to enable dramatic improvements in GHG reductions and ethanol profitability today, with existing corn-based producers.”
Market cap: US$328.22 million; current share price: US$7.50
FutureFuel is a developer and producer of diversified chemical products, specialty organic chemicals, premium biodiesel and other biofuels, such as ethanol and biomass solids.
FutureFuel launched its biofuels product platform in 2005, and has a current biodiesel production capacity of 59 million gallons per year. In 2021, it declared a special cash dividend for its investors.
Market cap: US$814.85 million; current share price: US$3.46
Gevo is a renewable chemicals and next-generation biofuels company. Its integrated fermentation technology platform, GIFT, was designed to produce low-cost renewable isobutanol, and it is comprised of two key elements: biocatalysts and a proprietary separation unit that removes isobutanol from a fermentation broth.
With headquarters in Colorado, Govo produces isobutanol, ethanol and high-value animal feed at its fermentation plant in Minnesota. Over in Texas, Gevo operates a biorefinery that converts alcohols into products that range from renewable jet fuel to octane and even ingredients for plastics.
Market cap: US$594.8 million; current share price: US$33.30
The last US biofuel stock is REX American Resources, a company that has interests in six ethanol production facilities. Through those facilities, it shipped 700 million gallons of ethanol over the 12 month period ended on April 30, 2022.
The company’s investment interests include One Earth Energy, NuGen Energy and Big River Resources.
Biofuel is a type of renewable energy derived from living material known as biomass. Biomass includes algae, as well as plant and animal waste, and examples of biofuels are ethanol, biodiesel, green diesel and biogas. Biofuels can be solid, liquid or gaseous.
Depending on the type of biomass being used, biofuels can be produced in a variety ways.
The typical processes include chemical reactions, dry milling, fermentation and heat to break down starches, sugars and other molecules. The resulting products are then refined to produce the end-product fuel.
Ethanol can be produced from corn, as is common in the US. In Brazil, ethanol is produced from sugarcane.
This is an updated version of an article originally published by the Investing News Network in 2017.

Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Facedrive Inc. (" STEER " or " the Company ") (TSXV: FD) (OTCQX: FDVRF), an integrated ESG technology platform, is pleased to announce its electric vehicle subscription service (" STEER EV ") has added Florida, USA, as a new service area with an operational hub in Tampa. STEER EV's subscription service is available to the eligible residents of the state as of September, 2022. After successfully securing the financing necessary to facilitate further growth, STEER is actively expanding its geographical footprint throughout the second half of 2022 and growing its EV fleet to support the new regions in operation.
From its inception, the STEER EV platform has been focused on challenging the traditional car ownership model and accelerating the general public's switchover to environmentally friendly transportation through an automobile subscription service. Having transformed the platform into one of the leading providers of subscription-based EV services, the Company feels its turnkey month-to-month model which includes insurance, maintenance, vehicle swaps and concierge delivery presents an attractive alternative for customers seeking a time-efficient and hassle-free transportation solution.

The Company sees STEER EV capitalizing on two mega-trends in the personal transport industry: increasing eco-consciousness on part of individuals and governments alike, as well as a general shift away from traditional car ownership in favour of more flexible options such as per-use or subscription-based services, particularly among the younger generation. The global car subscription market was valued at $3.55 billion in 2019, and is projected to reach $12.1 billion by 2027, representing a compounded annual growth rate (CAGR) of 23.1%. ¹ As an ESG ecosystem, STEER is confident that its commitment to working alongside responsible governments, businesses and individuals in addressing environmental, social and governance concerns positions it well to capture growth in the electric vehicle subscription services market in the years to come.
Florida represents a key market to the STEER EV platform, strengthening its leadership position in the Southern region of the USA and providing for greater fleet management efficiencies. The Company also feels this expansion strongly aligns with the commitment of the US Government to build out a network of 500,000 electric vehicle chargers along America's highways and in communities by 2030 as part of a shift towards cleaner fuels and a general decarbonisation of the country's transportation sector ² .
"We are excited to bring our EV subscription services to Florida, which is our third market in the USA and fifth overall. Florida is home to diverse and vibrant communities, and we are looking forward to assisting them with their green transportation needs. This is also STEER's third consecutive month adding new operational areas to its service network, with Texas added in July and British Columbia in August. This reflects our team's hard work and dedication to delivering on its commitment to offer new sustainable personal transportation options to more communities in North America this year. Shortly after Florida, the STEER EV service should become available to the residents of California," said Suman Pushparajah, CEO of STEER.
About the Company
STEER is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The Company's goal is to build a one-of-a-kind system that aggregates conscientious users, through a series of connected offerings, and enables them to buy, sell, or invest with the same platform, STEER. The Company's offerings generally fall into two categories: subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating delivery, B2B marketplace, Delivery-as-a-Service (DaaS) and rideshare businesses. The Company's platform is also powered by EcoCRED, its big data, analytics and machine learning engine which seeks to capture, analyze, parse and report on key data points in ways that measure the Company's impact on carbon reductions and offsets.
For more about the Company, visit www.facedrive.com .

Suman Pushparajah, CEO
suman@facedrive.com
STEER
100 Consilium Pl, Unit 400
Scarborough, ON
Canada M1H 3E3
www.facedrive.com
Forward-Looking Information
Certain information in this press release contains forward-looking information, including with respect to the Company's business, operations and condition, management's objectives, strategies, beliefs and intentions, and the company's forward plans to rebrand. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events, such as those pertaining to the Company's planned future launches and intended fleet growth, may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.
See "Forward-Looking Information" and "Risk Factors" in the Company's Annual Management Discussion & Analysis (MD&A) for the year ended December 31, 2021 (filed on SEDAR on May 2, 2022) and its interim MD&A for the period ended March 31, 2022 and June 30, 2022 (filed on SEDAR on May 30, 2022 and August 29, 2022 respectively) for a discussion of the uncertainties, risks and assumptions associated with these statements and other risks. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation and regulatory requirements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
¹ https://www.alliedmarketresearch.com/car-subscription-market-A10188#:~:text=The%20global%20car%20subscription%20market,with%20a%20CAGR%20of%2021.7%25
² https://www.whitehouse.gov/briefing-room/statements-releases/2022/06/09/fact-sheet-biden-harris-administration-proposes-new-standards-for-national-electric-vehicle-charging-network/

View source version on businesswire.com: https://www.businesswire.com/news/home/20220920005844/en/
For further information:
Company Contact: Maria Verbytska, investor@facedrive.com
Media Contact: Sana Srithas, sana@facedrive.com , Tel: 1-888-300-2228
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As the Biden administration pushes to tackle climate change in America, the top US solar energy stocks offer opportunities for investors looking to enter the clean energy sector.
According to the latest report from the Solar Energy Industries Association (SEIA) and Wood Mackenzie, during H1 2022, solar accounted for 39 percent of new electricity-generating power, and the US market installed 4.6 gigawatts (GW) of solar capacity during that period. Residential solar installations totalled 1.35 GW of direct current, setting a fifth quarterly record.
Over the next few years, the firms forecast that the solar industry will continue to break annual installation records. From 2023 to 2027, they expect total solar deployment to increase by 62 GW of direct current

Following US President Joe Biden's mid-2022 executive action geared at spurring clean energy manufacturing in the country, the SEIA released the following statement:
While the COVID-19 pandemic has disrupted growth in global markets, upside potential in the US solar energy market still exists. Evidence of this can be seen in SunRun’s (NASDAQ:RUN) US$3.2 billion all-stock acquisition of Vivint Solar in 2020.
This trend continued on a worldwide scale the next year, with Solar Industry Magazine reporting that in 2021, there were 58 solar corporate deals, the most in a year since 2010. Total global corporate funding, including venture capital and M&A deals, reached US$27.8 billion for the year, up 91 percent over 2020.
Gibraltar Industries (NASDAQ:ROCK) made two such acquisitions to expand its solar energy portfolio. The company acquired solar racking technology firm TerraSmart for US$220 million, and software solutions provider Sunfig for US$3.75 million.
Even though the costs involved in producing electricity from solar energy are higher than they are for traditional sources, companies in the sector have a number of financial benefits, largely due to the ongoing green energy transition. These include government subsidies and tax credits to encourage the production of clean energy.
To help investors learn more about individual solar-focused companies, the Investing News Network has put together a list of the top US solar energy stocks by market cap. The list below includes companies listed on the NASDAQ and NYSE, and it was generated using TradingView's stock screener on August 31, 2022.
Market cap: US$167.89 billion
NextEra Energy Resources is the top clean energy company in North America, and leads the world in wind and solar energy production. The firm develops, constructs and operates electric power projects, markets electricity to wholesale customers and invests in critical infrastructure for power delivery. NextEra’s operations include more than 150 wind and solar universal energy centers located in 26 states and four provinces in Canada, generating more than 17,000 megawatts of wind and solar energy.
The diversified energy company recently declared a regular quarterly common stock dividend of US$0.425 per share, payable on September 15. After the Biden administration announced it would ease tariffs on solar modules made in Cambodia, Malaysia, Thailand and Vietnam, NextEra Energy President and CEO John Ketchum stated, "The Biden administration's announcement of a two-year pause on new solar tariffs is an important step to help the solar industry recover from the uncertainty of the last three months. I want to thank the administration for recognizing the challenges that trade uncertainty presents to our industry and the country and for taking this important action.”
Market cap: US$15.28 billion
SolarEdge bills itself as “a global leader in smart energy technology,” addressing a broad range of energy market segments through its photovoltaic (PV), storage, electric vehicle charging, battery, uninterruptible power supply and grid service solutions. The company has developed the SolarEdge DC optimized inverter solution for managing PV systems. This smart inverter maximizes power generation while lowering the cost of energy produced by the PV system.
In mid-2022, SolarEdge announced the European launch of SolarEdge Home, a portfolio of home energy management products and solutions. “We developed a full system that enables both harvesting more energy from the sun and energy independence for homeowners. We believe that smart energy management is increasingly important as electricity costs and consumption continue to grow,” said SolarEdge CEO Zivi Lando. “Innovative solutions that can interconnect multiple energy sources, consumption loads, and battery storage are key to future energy independence and sustainable living.”
Market cap: US$13.64 billion
First Solar designs and manufactures solar power systems and uses a thin-film semiconductor technology to manufacture solar modules. The company’s supporting services include finance, construction, maintenance and end-of-life panel recycling.
In August 2022, First Solar pledged to spend US$1.2 billion on expanding its US manufacturing capacity. “We have never before had any sort of legislation or commitment to grow the entire sector all at the same time,” said Samantha Sloan, First Solar’s vice president of global policy, sustainability and marketing. “It is a first step towards really investing in all shapes of clean-energy sectors that’s going to drive investment at every stage.”
Market cap: US$10.29 billion
Brookfield Renewable Partners is one of the world’s largest publicly traded renewable power companies. It sells the bulk of its power production under long-term, fixed-rate power purchase agreements.
Brookfield Renewable’s expansive asset portfolio includes hydroelectric, wind and solar energy-generation facilities, as well as energy storage assets. This translates into roughly 21,000 megawatts of capacity and nearly 6,000 generating facilities across North America, South America, Europe and Asia.
Market cap: US$7.45 billion
Clearway Energy owns, operates and acquires contracted renewable and conventional energy-generation and thermal infrastructure assets across the US. The electric utility company’s operations include conventional generation, renewables and thermal power.
Clearway Energy, which prides itself as being “built for 21st century energy markets,” provides customers with low-cost clean energy generated from solar and wind installations across North America. The company’s portfolio includes more than 5 GW of wind, solar and energy storage operations.
Market cap: US$7.01 billion
SunRun is one of the leading home solar panel, battery storage and energy services companies in the US. Founded in 2007, the San Francisco-based company provides residential solar electricity via installing, monitoring and maintaining solar panels on homeowners’ rooftops. SunRun is a pioneer in home solar service plans, making local clean energy more accessible with no upfront costs. The company’s Brightbox home battery solution allows customers to access affordable and reliable energy.
SunRun’s purchase of Vivint Solar, at the time the number two company in the US solar energy sector by market share, allowed for the creation of a new solar energy giant in the US residential solar market.
Investors who don’t want to focus on specific stocks may want to consider exchange-traded funds (ETFs). Within the solar sector, there is only one solar energy ETF, the Invesco Solar ETF (ARCA:TAN). It tracks the MAC Global Solar Energy Index, and offers exposure to a broad basket of solar energy companies.
This is an updated version of an article originally published by the Investing News Network in 2017.

Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Facedrive Inc. (" STEER " or " the Company ") (TSXV: FD) (OTCQX: FDVRF), an integrated ESG technology platform, today announced and filed its interim financial statements for the quarter ended June 30, 2022 (" Q2 2022 "). All financial results are reported in Canadian dollars, unless otherwise stated.

STEER reported a quarterly revenue record of $15,048 ,939 in Q2 2022, up from $4,521,548 in Q2 2021, representing 232.83% year-over-year growth. Q2 2022 revenue also represents 40.19% quarter-over-quarter growth compared to Q1 2022 revenue of $10,734,515 . All revenue growth was organic. The Company also reported a record Gross Merchandize Value ⁱ of $ 21,661,109 in Q2 2022, up from $14,304 ,750 during Q2 2021, representing 51.43% year-over-year growth. Compared to $19,465 ,604 in Q1 2022, this also represents approximately 11.28% quarter-over-quarter growth.

Net loss was $7,776,605 compared to $7,559,851 in Q2 2021, representing 2.87% year-over-year increase. Compared to $8,182,039 in Q1 2022, STEER has achieved 4.96% quarter-over-quarter net loss decrease.
As a result, the Company's Management is confident that the streamlining measures undertaken thus far in 2022 including: (i) operational realignment (with a view to centralizing and consolidating resources and focusing on selling Subscription and On-demand offerings); and (ii) continued improvements in expense management, will continue to result in increased operational efficiency. As such, STEER is experiencing revenue growth at a faster pace than the corresponding increase in operational expenses. The Company is confident this trend will further strengthen in Q3 and Q4 Fiscal 2022.
Q2 2022 Interim Financial and Operational Highlights
Revenues
For the three
months ended
June 30, 2022
Δ (YoY)
For the three
months ended
June 30, 2021
Δ(QoQ)
For the three
months ended
March 31, 2022
($'000)
($'000)
($'000)
On-Demand Offerings
Q2 2022
Q2 2021
Q1 2022
B2B Marketplace
12,730.37
476.81 %
2,207.04
52.82 %
8,330.04
Suppr APP (Foods Delivery, Rideshare, Daas, Health )
1,523.53
-6.05 %
1,621.70
-7.46 %
1,646.37
Subtotal On-Demand Offerings
14,253.90
272.29 %
3,828.75
42.88 %
9,976.41
Subscription-Based Offerings
Vehicle subscription
699.28
5.62 %
662.10
5.51 %
662.78
EcoCRED
95.76
211.87 %
30.71
0.46 %
95.32
Subtotal Subscription-Based Offerings
795.04
14.76 %
692.80
4.87 %
758.10
Total Revenue
15,048.94
232.83 %
4,521.55
40.19 %
10,734.52
"In Q2 2022, STEER continued a strong growth trajectory set in Q1 2022. This past quarter, we more than tripled revenues as compared to Q2 2021 and continue to increase our operational efficiencies while focusing on growth and expansion. Therefore, the platform we have built continues to demonstrate that we can increase revenues significantly while managing costs, which is evident in our Q2 results.
Q2 has also been remarkable for STEER in the sense that the Company significantly expanded the geographical presence of its EV subscription platform, STEER EV. Having launched the service in Texas and British Columbia , Management for the Company feels that STEER is well-positioned to capitalize on the burgeoning demand in the personal vehicle subscription sector. Moreover, we continue to enhance our ESG reporting tool suite as well as extend our ESG mandate throughout all of the Company's business processes", said Suman Pushparajah , Chief Executive Officer of the Company.
Selected Financial Highlights
The following provides a summary of the Financial Results of the Company. For detailed information please refer to Facedrive's Q2 2022 Interim Financial Statements and its Management's Discussion and Analysis of Financial Condition and Results of Operations for the quarter-ended June 30, 2022 (the " Q2 2022 MD&A "), filed on SEDAR at www.SEDAR.com .
For the three months ended June 30
2022
2021
REVENUE
$
15,048,939
$
4,521,548
COSTS AND OPERATING EXPENSES
Cost of revenue
15,313,179
5,346,764
General and administration
1,850,006
1,679,591
Operational support
4,189,919
3,461,044
Research and development
685,425
465,113
Sales and marketing
525,349
938,504
Amortization
286,559
695,064
Depreciation
383,417
92,004
Total costs and operating expenses
23,233,854
12,678,084
OPERATING LOSS
(8,184,915)
(8,156,536)
OTHER INCOME (EXPENSES)
Government and other grants
631,653
909,373
Foreign exchange loss
(115)
(110,245)
Interest expenses
(284,021)
(193,782)
Interest income
61
9,260
Gain from sale of equipment
–

–
Gain or Loss on termination
47,684
(17,921)
Fair value loss on investment
–
–
LOSS BEFORE INCOME TAXES
$
(7,789,653)
$
(7,559,851)
Deferred income tax recovery
13,048
–
NET LOSS
(7,776,605)
(7,559,851)
Cumulative translation adjustment
(44,864)
(39,146)
NET LOSS AND COMPREHENSIVE LOSS
$
(7,731,741)
$
(7,598,997)
Loss per share – basic and diluted
$
(0.06)
$
(0.08)
Weighted average shares outstanding – basic and diluted
130,929,814
93,788,556
About the Company
STEER is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The Company's goal is to build a one-of-a-kind system that aggregates conscientious users, through a series of connected offerings, and enables them to buy, sell, or invest with the same platform, STEER. The Company's offerings generally fall into two categories: subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating delivery, B2B marketplace, Delivery-as-a-Service (DaaS) and rideshare businesses. The Company's platform is also powered by EcoCRED, its big data, analytics and machine learning engine which seeks to capture, analyze, parse and report on key data points in ways that measure the Company's impact on carbon reductions and offsets.
For more about the Company, visit www.facedrive.com .
Suman Pushparajah , CEO
suman@facedrive.com
STEER
100 Consilium Pl, Unit 400
Scarborough, ON
Canada M1H 3E3
www.facedrive.com
Forward-Looking Information
Certain information in this press release contains forward-looking information, including with respect to the Company's business, operations and condition, management's objectives, strategies, beliefs and intentions, and the company's forward plans to scale up its electric vehicle subscription business. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.
See "Forward-Looking Information" and "Risk Factors" in the Company's Annual Management Discussion & Analysis (MD&A) for the year ended December 31, 2021 (filed on SEDAR on May 2 , 2022),its interim MD&A for the period ended March 31, 2022 (filed on SEDAR on May 30, 2022 ), and its interim MD&A for the period ended June 30, 2022 (filed on SEDAR on August 29, 2022 ) for a discussion of the uncertainties, risks and assumptions associated with these statements and other risks. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation and regulatory requirements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
_________________________
ⁱ " Gross Merchandise Value " (GMV) means the total value of all merchandise and services sold over a given period of time through the Company's ESG platform of product and services offerings.  Gross Merchandise Value is a metric most commonly used by e-commerce companies.  It is intended to measure the growth of the business or use of a platform to sell merchandise and services, some or all of which may be owned by others and is therefore not all revenue to the platform owner or provider (such as the Company). In the Company's case, GMV includes the value of the food, supplies and merchandise ordered and the gross fees charged by the Company to customers on account of rides and deliveries, a substantial portion of which the Company does not recognize as revenue. The most directly comparably or correlated GAAP financial measure in the context of our Company is revenue which, for Q2 2022 was $15,048,939 and $4,521,939 in Q2 2021. Note that GMV is a non-GAAP financial measure, meaning that it is not a standardized financial measure under the financial reporting framework used to prepare the Company's financial statements and it might not be comparable to similar financial measures disclosed by other issuers.
SOURCE Facedrive Inc.

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