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January 1, 2021

Global Water Technologies releases annual shareholder letter

Dear Shareholders of Global Water Technologies,

Well, we’ve closed the books on 2020.

The year started with significant opportunities, as noted in last year’s annual shareholder letter. Years of effort had led to purchase orders in hand, shortlisted projects and a consortium of technology partners ready to showcase innovation in a new federal program for water infrastructure.

Those plans were impacted by the pandemic through numerous project delays and cancellations. As a result, the company took aggressive moves to ramp down operations until circumstances allowed them to resume in a sustainable manner.

Looking forward to 2021, there are mixed signals on what the new year will bring. Several of the company’s key partners remain shut down, others are operating in a limited capacity and some are optimistic that long-awaited water infrastructure plans will finally get significant traction.

One positive development is the introduction of a new UV-C LED system for point-of-entry applications. Global Water Technologies is an authorized distributor for this new technology and has received one of the very first such units in the world. By providing safer and more efficient disinfection for drinking water, this new system has significant potential in targeted market segments.

The company has also explored several new opportunities to leverage its public company structure while market demand is strong. Initial discussions include established relationships with strategic entities operating in both the water and wireless sectors.

In 2020, shares of Global Water Technologies traded between $0.01 and $0.062 with a closing price of $0.015 and volume of 623,601. In 2019, shares of Global Water Technologies traded between $0.01 and $0.064 with a closing price of $0.049 and volume of 1,560,521.

The number of common shares at December 31, 2020 was 22,882,146 and the number of free-trading shares remains at 5,895,503. The company has issued warrants for the purchase of 2 million shares at $0.015 and has reserved 2 million shares for convertible promissory notes totaling $80,500. The company continues to prioritize actions that create value for new and existing shareholders.

On a personal note, we would like to express condolences to those who have been impacted by the COVID-19 pandemic and especially to those grieving the loss of family, friends and associates.

We look forward to a better year as we navigate the months ahead.


Sincerely,

Erik Hromadka
Chairman and CEO


FORWARD-LOOKING STATEMENT:
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

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