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Recent News & Events
January 10, 2013
Global Water Technologies joins Indianapolis effort to promote "living laboratory" for sustainability
Local companies call for initiative to support water technology innovation and jobs
INDIANAPOLIS, January 10, 2013 -- Global Water Technologies (OTC Pink: GWTR) joins Peerless Pump, a Grundfos company, and the Construction Engineering Management Technology program at Indiana University Purdue University at Indianapolis (IUPUI) in promoting a living laboratory for sustainable water solutions.
The three organizations today issued the following open letter:
Dear colleagues and community leaders,
We have an excellent opportunity in 2013 to create new solutions using innovative water technology to make our communities more sustainable, create new jobs and provide leadership on an important issue for Indiana and the United States.
Across the country, aging water systems of underground pipes routinely lose more than 20 percent of our drinking water through undetected leaks and broken water mains. This is a big problem and the American Water Works Association estimates that more than $1 trillion is needed nationally over the next 25 years for underground infrastructure.
At the same time, growing water shortages and increased drought conditions (which we all experienced last summer) are raising awareness of how much we depend on fresh, clean water. We can no longer ignore this problem - instead we must use new technology to reduce water loss and better manage this valuable resource and our critical water infrastructure.
Water clusters are developing in cities like Philadelphia, Cincinnati, Milwaukee, Denver and San Francisco. Now we have a unique opportunity to demonstrate how Indianapolis can use its emerging technology community, strong research universities, advanced manufacturing base, skilled and energetic people and local entrepreneurship to create solutions that improve our system and can be a model for others.
The concept of a living laboratory for water technologies has been developed in partnership with several local companies and Indiana University Purdue University at Indianapolis (IUPUI). This would allow new solutions for people + pipes + policy to be tested in real-world conditions so that a smart water grid can be created with better measurement, more efficient delivery and greater customer education on water use and conservation.
We believe this new water effort will have a number of benefits for Indianapolis and the Central Indiana region, including the following:
improve the local water & sewer infrastructure and operations,
provide opportunities for new businesses and entrepreneurs to develop innovative ideas and create new jobs,
encourage the development of education and training aimed at building and supporting a skilled workforce for new businesses,
encourage sales and exports from existing area businesses, and
improve water and sewer services and reduce total community costs.
In addition, providing the means to improve our supply of water and sewer services will encourage sustainable practices that reduce water loss and save energy. Sustainability and compression thinking is important in helping us maintain and improve our standard of living in a time of limited financial and natural resources.
We are currently organizing an initiative to fully implement these ideas and tap into the creativity and business leadership across Central Indiana so that we can realize the benefits of sustainability, economic development and job creation for our region.
Please join us in this effort as we move forward in the coming year. For more detailed information on this initiative and how you can participate, please contact Tom Iseley at IUPUI, Andrew Warrington at Peerless Pump or Erik Hromadka at Global Water Technologies. (Click here for contact form)
Tom Iseley, Ph.D., Director, Construction Engineering Management Technology Program, Indiana University Purdue University at Indianapolis
Andrew Warrington, President, Peerless Pump
Erik Hromadka, CEO, Global Water Technologies
The Construction Engineering Management Technology program at IUPUI provides teaching, research and service opportunities for undergraduate and graduate students. More information is available at: http://engr.iupui.edu/cemt
Peerless Pump, a Grundfos company, is one of the largest manufacturers of vertical pumps in the world, with more than 70 years of progressive design, engineering and manufacturing. More information is available at: http://www.peerlesspump.com
Global Water Technologies is developing solutions to better manage the distribution of drinking water with a comprehensive people + pipes + policy approach as a model for sustainable water infrastructure. More information is available at: http://www.gwtr.com
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.