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Recent News & Events
July 9, 2012
Global Water Technologies announces new partnership
Effort seeks to develop early warning system for water main breaks
INDIANAPOLIS, July 9, 2012 -- Global Water Technologies (OTC Pink: GWTR) is pleased to announce a new partnership with Martinek Water Management, GmbH, an Austrian company that has developed a patented sensor and software system for early leak detection in water mains.
Global Water Technologies will introduce the system for the first time in the United States, as a majority of the country is currently experiencing drought conditions and improving water efficiency is an urgent matter. The technology targets water loss in drinking water systems, where aging underground pipes typically lose 20 percent or more of treated water before it reaches customers.
This is a significant step forward in our previously announced effort to address water infrastructure issues, said Erik Hromadka, CEO of Global Water Technologies. As water needs become more acute, we can no long afford to continue losing large amounts of drinking water through leaking pipes and broken water mains.
We are pleased to be working with Global Water Technologies to introduce this system in North America, said Peter Martinek, president of Martinek Water Management. The technology has been used successfully in Europe and we look forward to showing how it can help to improve water efficiency as part of creating a smarter water network.
The patented sensor system provides real-time monitoring of pressure, flow and sound metrics in water mains and analyzes that data to provide early notification of changes in leak conditions. Hromadka said the system is a first step in the company's effort to develop an early warning system for water main breaks, which occur when leaking pipes fail and cause massive water loss and damage to surrounding areas.
The company is also exploring funding and development options for the new project.
More information is available on the company's web site 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.