Global Water Technologies Subsidiary Sells Non-Chemical Water Treatment System to Switzerland
GOLDEN, Colo., Nov. 16 /PRNewswire-FirstCall/ -- Global Water Technologies, Inc., ('GWT') a technology driven water purification and services provider to the $400 billion water industry, announced that its subsidiary, Electric H2O, Inc. has sold another 'non-chemical' water treatment system to York International Switzerland.
Electric H2O (EH2O) is a provider of environmentally sound 'non-chemical' water treatment technologies and services. EH2O's proprietary technologies include the patented ED2000 system, which is an electro-coagulation unit (ECU) for the removal and prevention of scale in heat transfer equipment, such as chillers, heat exchangers and evaporative condensers. The ED2000 system has over 200 installations in 10 countries. In addition, EH2O has a complete line of media filters and separators for the removal of various particulates in water systems. EH2O also offers comprehensive 'non-chemical' water treatment systems and service programs for the HVAC and light industrial markets. EH2O's customers include HVAC service providers, commercial RIETS, Universities, Hospitals and commercial facilities worldwide.
George Kast, CEO stated, 'We are pleased that York has again selected us for this new project. This further confirms that our technologies perform in the field and that customers are realizing the value and benefits of our proprietary systems. The future of water treatment will be driven by technology that is 'non-chemical' in nature and GWT is well positioned to capitalize on this essential movement away from traditional chemicals. The growing desire of manufacturers and providers of goods and services to be 'green' is having a positive impact on the demand for our products. GWT will be participating in the 'Greenbuild International Expo' held this week in Denver, Colorado, which serves as the pre-eminent showcase for leading-edge green technologies.'
ABOUT GLOBAL WATER TECHNOLOGIES:
Global Water Technologies, Inc. (OTC: GWTR) is a water treatment and services company with 'clearly' innovative technologies, focused on the energy, power, oil and gas, process, HVAC and municipal markets. Through its subsidiaries, Electric H2O, Inc. and Watergy Produced Water Solutions, Inc., the Company utilizes its proprietary technologies and service programs to increase operating efficiencies and reduce water usage through comprehensive water management solutions. GWT has an established client base of over 500 customers in more than 25 countries worldwide with cumulative revenues in excess of $350 million. GWT's products treat over 10 billion gallons of water per day.
FORWARD LOOKING STATEMENT:
This news release contains forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive and other factors, including, among other things, the ability of the Company to obtain adequate banking and bonding facilities, the size and timing of customer orders, changes in laws, new or increased competition, delays in new products, production problems, changes in market demand, market acceptance of new products, seasonal product purchases, and changes in foreign exchange rates.
www.gwtr.com www.electrich2o.com www.ed2000.net
SOURCE Global Water Technologies, Inc.
Source: PR Newswire (November 16, 2006 - 11:14 AM EST)
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