iWater and Intelligent Water
Welcome to the world of water quackery! Until I started researching this question from TA, I had no idea that there are so many kinds of new fangled waters out there that claim to do everything from cure Alzheimer's Disease to enhance your red blood cells - and all of it is complete bunk.
In the case of iWater, this was apparently developed as a result of the discovery of molecular resonance effect technology (M-RET) which supposedly activates water molecules that completely change the molecular structure of the water. Instead of a "cluster" structure, it is allegedly changed into a "linear structure" which is now known as M-RET.
"During the process of activation the subtle low frequency electromagnetic field is imprinted into the water. It closely resembles the natural geomagnetic field found near the healing water springs [of Chernobyl]." http://www.mret.com.sg/about
The result is water that is allegedly absorbed much more thoroughly by the body which leads to all kinds of remarkable improvements in health, such as improved skin condition, the healing of burns, improvements in Bells Palsy, etc.
Dr. Igor Smirnov apparently owns the U.S. patent on M-RET, although Stephen Lower, a retired faculty member of the Department of Physics at Simon Fraser University in Vancouver calls it a "junk patent" and says there is no scientific evidence to support any of it.
" . . . (T)hey offer several pages of 'scientific research' references that anyone who knows scientific literature would regard as junk — incomplete and unverifiable references to dubious journals, similarly unverifiable lists of institutions that have supposedly been involved, etc."
The bottom line is that there is no scientific support for iWater and no such thing as "Intelligent Water." These products apparently exist only in the minds of their creators.
Dr. Lower's website offers the most extensive list of water scams I have ever seen. It can be found at http://www.chem1.com/CQ/gallery.html