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Recent News & Events
November 15, 2010
Global Water Technologies secures initial funding for ballast water research
INDIANAPOLIS, November 15, 2010 -- Global Water Technologies, Inc. (Pink Sheets: GWTR) has completed an initial funding transaction to begin research on new methods of ballast water treatment.
Ballast water treatment and new regulations to control the invasive species that are unintentionally transported by international shipping are important issues for the next decade, said Erik Hromadka, chairman and CEO of Global Water Technologies. As a small technology company, we can move quickly to identify new solutions and are currently investigating options being developed in Australia and Canada.
Ballast water treatment is of particular concern to state and provincial economies of the Great Lakes, where strict new regulations in 2012 may impact the St. Lawrence Seaway.
Stratton Holdings, Inc. (Pink Sheets: STHG) made an initial investment in Global Water to support the research and development of new technologies for ballast water treatment and will also provide professional services from its headquarters in San Jose, California.
Global Water Technologies is a good fit for our strategy to identify and invest in small public companies that have demonstrated potential for significant growth, said Eric Stratton Racheff, CEO of Stratton Holdings, Inc.
Hromadka noted the investment is a validation of Global Water's approach to identify new technologies, create project teams to develop and deploy the most promising opportunities and then build business operations in those areas. We welcome Stratton Holdings as one of our initial investors in this area and continue to seek such strategic partnerships as we move forward and create value for all our stakeholders.
Additional information is available on the company's web site at: www.gwtr.com.
ABOUT GLOBAL WATER TECHNOLOGIES:
Global Water Technologies, Inc. (GWTR.PK) is a clean technology water treatment and services company that provides innovative non-chemical and filtration technologies. Global Water also builds strategic partnerships to identify, develop and commercialize new technologies to improve water efficiency.
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.