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November 20, 2013
Global Water Technologies supports new report on water infrastructure needs
INDIANAPOLIS, November 20, 2013 -- Global Water Technologies (OTC Pink: GWTR) is developing smart water solutions to reduce water loss in the nation's drinking water distribution system and supports recommendations in a new report on such efforts in the Great Lakes states.
The Case for Fixing the Leaks notes aging underground infrastructure is wasting an estimated 66.5 billion gallons annually in the Great Lakes region, according to the Center for Neighborhood Technology (CNT), a Chicago-based nonprofit focused on sustainable cities.
The amount of money lost through aging infrastructure and collateral damage to communities from increasing numbers of water main breaks is an issue that deserves national attention and our region is taking a leadership role in developing solutions, said Erik Hromadka, CEO of Global Water Technologies and one of the individuals cited in the report.
Water rates are among the fastest-rising utility bills and customers are starting to demand greater efficiency and transparency. Global Water Technologies is developing solutions that include sensors and software to identify hidden leaks in underground pipes and better reporting with incentives for water customers.
The company's People + Pipes + Policy approach recognizes change in the system must include customer education, infrastructure upgrades and innovative regulation. Those elements are included in the report, which calls for a collaborative approach from the region's leaders to implement research, education and water auditing as best practices for utilities.
Our aging water supply infrastructure has been an 'out of sight, out of mind' problem, said Harriet Festing, CNT's Water Program Director. The good news is that there's a clear desire for change.
The report notes failing infrastructure and faulty metering has contributed to an increase of 90 percent in the cost of water between 1996 and 2010. Meanwhile, investments in water infrastructure and new technologies have been effective ways to save money and create new jobs.
The complete report is available at: The Case for Fixing the Leaks and more information about CNT's water supply efforts is available at: CNT's Water Supply page.
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.