Freedom will be the exclusive U.S. provider of ballast water reception facilities that utilize Bawat’s

unique, patented, Coast Guard-approved ballast water treatment system based on the principle of

pasteurization. It will integrate the Bawat technology along with other key equipment and systems that

provide ballast water treatment-as-a-service (TaaS) to ships and vessels in various ports. Deployment will

start in the Mississippi Delta in Louisiana, where an operating permit is pending.

Furthermore, Bill Burroughs, CEO of Monstrant Viam stated: “Not all vessel owners will choose to

install and operate ballast water treatment systems on board. Amongst those that do, the systems may not

be in compliance as evidenced by a recent study showing as many as 30%-50% of onboard systems go

out of compliance within 6 months. The U.S. is leading the world in enforcing ballast water discharge

requirements. In particular, the lower Mississippi river region in Louisiana with its high traffic corridor

has created the potential for high demand for these services. We are being approached for this service

even before being fully deployed.”

“Ocean sustainability and preserving the delicate ecosystem around ports and waterways is critical. We

want to provide the opportunity for all ship and vessel owners to not only meet a legally-required

discharge mandate, but also gain business efficiencies as a result of not needing to carry and maintain on

board ballast water solutions.” said Chetan Chothani, CEO of Green Swan Partners.