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December 22, 2011
Global Water Technologies notes new water infrastructure report
INDIANAPOLIS, December 22, 2011 -- Global Water Technologies, Inc. (OTC Markets: GWTR) notes a new report by the Water Innovations Foundation (waterinnovations.org) underscores the growing need for innovative solutions to the nation's water infrastructure problems.
We announced leaking pipes as an area of interest in October and this new report highlights the urgency of the problem, said CEO Erik Hromadka.
The Water Innovations Foundation has undertaken research on the topic over the past several months to better understand its impact on utilities and communities. Some of the initial key findings include:
- It will take 15 to 20 years of significant investment to stabilize and modernize the U.S. water infrastructure
- Predicted costs to repair U.S. water infrastructure system are $365 billion
- Approximately 15 percent of municipal water is lost to leaks
- Public water systems that serve more than one million people in the United States average a loss of 17 percent through leakage
- 45 percent of the country's pipes will be rated poor, very poor or beyond repair by 2020
- Leaking pipes lose an estimated 7 billion gallons of clean drinking water a day
- A water information technology system will lower annual operating costs on average of 33 percent, providing more impact on larger systems
- Such a system is not one project, but hundreds of interconnected projects
The foundation also notes that aside from aging infrastructure, the United States has entered an era of severe fiscal restrictions faced by federal, state, and local governments. Therefore, investment must be adequately prioritized and well-directed and innovative technologies for sensing and monitoring, information exchange, and data analytics can improve efficiency of water use and distribution.
More information on the research is available by contacting the Water Innovations Alliance through its web site at: www.waterinnovations.org
Additional 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.