INDIANAPOLIS, Oct. 27, 2011 /PRNewswire-FirstCall/ -- 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.
FORWARD-LOOKING STATEMENT:
Statements 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.
www.gwtr.com
SOURCE Global Water Technologies, Inc.