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Recent News & Events
December 7, 2012
Global Water Technologies partners with BAMI-I
Seeks communities to host pilot project on reducing water main breaks
INDIANAPOLIS, December 7, 2012 -- Global Water Technologies (OTC Pink: GWTR) has partnered with the Buried Asset Management Institute - International (BAMI-I) to test new solutions for aging water infrastructure.
Global Water Technologies is introducing a patented new system from Europe that uses multi-parameter sensors and software to reduce water loss in drinking water systems. This is a significant problem in the United States, where aging underground pipes typically lose more than 20 percent of treated water before it reaches customers. In addition to wasting water and energy, leaking pipes result in hundreds of daily water main breaks that cause extensive damage and disrupt business.
BAMI-I provide a center of excellence for owners of underground water infrastructure to join with industry and researchers, using sound science, to evaluate and develop buried asset management protocols to benefit ratepayers and other stakeholders by:
protecting public health
maximizing asset lifecycle value
improving the environment
sustaining economic development
enhancing the quality of life
Sustainable cities must improve efficiency in their water infrastructure, said Erik Hromadka, CEO of Global Water Technologies. This requires new ideas and collaboration among water utilities, community leaders, research universities and innovative companies.
More information about BAMI-I is available at: www.bami-i.com
Global Water Technologies is seeking municipal and financial partners for a pilot project in the U.S. to demonstrate how the new technology can provide early leak detection and reduce water main breaks. Communities interested in participating in a pilot project should contact the company.
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.