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Parkway Corporate Limited (ASX:PWN)

ALERT: Price-sensitive ASX Announcement for PWN
Current share price for PWN : $0.010 0.001 (5.26%)+
Announcement
Release
19 May 2026 8:14AM
Price at Release
$0.010
Full Release
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Summary
Parkway Corporate Limited has announced a strategic collaboration with Hitachi Aqua-Tech Engineering Pte Ltd to develop ultra-high brine concentration systems. This partnership, formalized through a binding memorandum of understanding (MOU), focuses on creating standardized modular systems for efficient deployment in key markets such as Australia, New Zealand, and the MENA region. The collaboration will leverage Parkway's process technology and Hitachi's industrial capabilities to address challenges in industrial water treatment and brine management. The systems, particularly designed for Parkway's QBMC project, aim to improve the processing of waste brine into green chemicals. The partnership underscores the potential for further collaborative opportunities and highlights the strategic importance of Parkway's infrastructure assets, particularly in the Queensland coal seam gas industry.
Key Points
  • Strategic collaboration between Parkway and Hitachi for brine concentration systems.
  • Focus on developing modular systems for deployment in Australia, New Zealand, and MENA.
  • The MOU is binding with a five-year term and includes provisions for intellectual property ownership.
  • Collaboration aims to enhance waste brine processing at the QBMC project.
  • Potential for further collaborative opportunities in industrial water treatment.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.