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March 31, 2014
Global Water Technologies sees growing interest in water efficiency tools
INDIANAPOLIS, March 31, 2014 -- Global Water Technologies (OTC Pink: GWTR) notes increasing water prices and limited supplies are increasing demand for tools that improve the efficiency of water distribution systems.
The company has assembled innovative technologies for improving water efficiency, ranging from sensors and software that reduce leaks and pipeline rehabilitation techniques to customer dashboards that improve usage data. All fit into the company's People + Pipes + Policy approach and can be used by water utilities to better manage drinking water distribution and improve customer service.
One example is GreenSuite, a new Software-as-a-Service (SaaS) platform that helps utility customers better understand their billing patterns, learn about conservation and infrastructure issues and save money through rewards and competition. Such services are being adopted among electric utilities, with companies such as Opower providing demand-side solutions, and rapidly increasing water rates and periods of shortage are highlighting the need for similar water solutions.
Global Water Technologies is in discussions with potential investors and water utilities about opportunities to deploy GreenSuite in beta testing to improve service for water customers.
Separately, the company has also submitted a proposal for a national research project on water efficiency at airports, in partnership with two leading universities and two private sector partners.
Global Water Technologies organized the research team in response for a request for proposals on an 18-month project to identify management strategies that improve water efficiency at airports in the United States. If selected for the project, the research would begin in the second half of the year.
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.