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June 5, 2017
Global Water Technologies announces 2017 China BlueTech Award finalist
INDIANAPOLIS and SHANGHAI, June 5, 2017 -- Global Water Technologies (OTC: GWTR) is pleased to announce that its China business development efforts will be recognized this week at the Aquatech expo in Shanghai, where one of its partners has been named a finalist in the 2017 China BlueTech Awards.
The company’s China work began in 2014 and has been led by Dr. Tom Iseley, an international expert in trenchless technologies. One of the first technologies introduced in the China market was an innovative manhole and pipe rehabilitation system developed by Iowa-based AP/M Permaform.
Global Water Technologies also partnered with a research institute in China to commercialize the technology in that market. Working together, the patented PERMAFORM® system was deployed to reline manholes using a proprietary spincast system and custom blends of concrete and corrosion-resistant bonding agents. The process is a cost-effective way to renew aging infrastructure while minimizing disruption of traffic above ground and water flows below ground.
After initial testing, training and pilot projects, commercial use of the technology began in 2016 and is expected to grow in 2017. It is one of eight finalists for the awards that recognize innovation and China market readiness.
“We are honored to have this recognition from world-class water experts for the several years of dedicated efforts that have been invested to build a business pipeline into the largest infrastructure market,” said Erik Hromadka, CEO of Global Water Technologies.
More information about the 2017 China BlueTech Awards is available at www.aquatradetech.com/china.
More information about AP/M Permaform is available at www.permaform.net.
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.