Quote & News
Global Water Technologies notes progress on Indiana water infrastructure financing.
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Indianapolis wins 2017 Smart Cities Council Challenge Grant.
Indianapolis named finalist for 2017 Smart Cities Council Challenge Grant.
Global Water Technologies promotes smart city initiative.
Global Water Technologies prepares for growth in 2017.
Global Water Technologies releases annual shareholder letter.
Recent News & Events
July 18, 2012
Reducing water loss critical as drought conditions spread to majority of U.S.
Public attention on water efficiency provides opportunity to address infrastructure needs
INDIANAPOLIS, July 18, 2012 -- As drought conditions worsen across the United States, public attention is focusing on ways to use water more efficiently and reduce water loss. For example, severe conditions in Indiana this week prompted the Department of Homeland Security to issue a water shortage warning for the entire state.
Large water consumers have been asked to reduce consumption by 10 to 15 percent and the City of Indianapolis has issued a ban on watering lawns and washing cars. The city broke a 104-year record for the longest dry spell with only 0.09 inches of rain from June 1 through July 16.
While such emergency measures are necessary in the short term, Global Water Technologies (OTC Pink: GWTR) is focusing on long-term solutions to reduce water loss. The company is introducing a patented new technology from Europe that addresses underground water problems where large amounts of treated water are lost though old, leaking pipes.
The innovative system provides a real-time monitoring solution that measures pressure, flow and noise conditions in water mains and uses proprietary software to analyze changes in leak conditions. In addition, Global Water intends to begin development work on software analytics that may allow predictive modeling of such metrics for use in an early warning system for water main breaks.
More information on reducing water loss is available on a new page of 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.