Quote & News
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Recent News & Events
Global Water Technologies issued new patent for sulfuric acid production
INDIANAPOLIS, January 11, 2011 -- Global Water Technologies, Inc. (Pink Sheets: GWTR) has been issued U.S. Patent Number 7,867,470 for the on-site production of sulfuric acid by the United States Patent and Trademark Office.
The patent covers a process for producing sulfuric acid directly at locations where it is needed and in quantities sufficient for immediate use, thereby reducing the cost and safety concerns of transporting and storing acid. Research and development of this process began while Global Water was seeking solutions for produced water treatment. The company is now seeking partners to commercialize the technology in that market and others where low-cost sulfuric acid is needed, especially in remote locations.
"This is an important step forward in our development as a technology company," said CEO Erik Hromadka. "We are pleased to begin the new year with this successful creation of intellectual property and expect to continue adding new technologies to our portfolio. As a small public company, we seek innovations and new opportunities in water technology as a way to invest in the world's most precious resource."
More information about Global Water Technologies and a recent update to shareholders is available at: www.gwtr.com.
FORWARD-LOOKING STATEMENT_ Statements 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.