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Recent News & Events
October 27, 2011
Global Water Technologies targets leaking pipes to improve water efficiency
INDIANAPOLIS, October 27, 2011 -- Global Water Technologies, Inc. (OTC Markets: GWTR) has identified better monitoring of leaking water mains as an opportunity to improve efficiency of the nation's drinking water infrastructure.
Our cities treat water to drinking quality standards and then pump it through old, leaking underground pipes where often more than 20 percent of that water is lost, said CEO Erik Hromadka. We then use approximately two percent of the water for drinking or cooking, combine the rest with dirty water and repeat the process. It's an extremely inefficient system that needs new technology.
Global Water Technologies believes one tool to address the problem is early detection of leaks in water mains. By using new sensor technology to identify which leaks are growing and provide an early warning to water companies, repairs can be made before water mains burst and cities can save water while reducing costs and collateral damage. Aging infrastructure across the United States and increasing water prices are driving demand for such solutions and present significant market opportunities.
Global Water Technologies seeks to identify, develop and commercialize proprietary new technologies to increase water and energy efficiencies. The company is reviewing a number of such new technologies and developing strategic partnerships where it can leverage its resources as a small public company to create value for its shareholders.
Additional information, including a third quarter update to shareholders, 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.