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Recent News & Events
March 22, 2013
Global Water Technologies notes growing attention for drinking water supplies on World Water Day
Efforts seek to improve conditions in both developing countries and the United States
INDIANAPOLIS, March 22, 2013 -- Global Water Technologies (OTC Pink: GWTR) notes the growing attention that is focused on providing adequate drinking water and infrastructure, both in developing countries and here in the United States.
World Water Day is held annually on March 22 after being recommended by The United Nations Conference on Environment and Development and starting in 1993. This year's theme is Water Cooperation, emphasizing that water issues cross many boundaries and use of water impacts a wide range of groups, from individual families to agriculture and industry.
A lack of safe drinking water is an issue for nearly 1 billion people and with world population estimated to grow from 7 billion to 8 billion in the next 15 years, the value of fresh, clean water is growing quickly. Cooperation among governments, business leaders and the water industry is seen as key to addressing the problem.
While dire situations in many parts of the world are a real concern, we also have drinking water issues here in the United States, notes Erik Hromadka, CEO of Global Water Technologies. We have the highest consumption of water per capita and have neglected our distribution system for so long that leaking underground pipes now lose 20 percent of the drinking water that we've cleaned before it gets to any customer.
Fortunately, that issue is also starting to get attention. A U.S. Senate committee this week passed legislation that would create a Water Infrastructure Finance and Innovation Authority (WIFIA) as part of the Water Resources Development Act of 2013. The legislation is getting bipartisan support and expected to reach the Senate floor by May. If enacted, WIFIA would make low-interest federal loans available to address large water infrastructure projects in communities across the United States.
We also need cooperation among leaders at the local, state and federal levels to ensure that we protect our drinking water system and take steps to reduce water loss and make it more efficient, Hromadka said.
Global Water Technologies is working to create a pilot smart water grid that utilizes information technology to better manage the distribution of drinking water through a comprehensive people + pipes + policy approach that can be a model for sustainable water infrastructure.
More information about Global Water Technologies is available at: 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.