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DENVER, June 4 /PRNewswire-FirstCall/ — Global Water Technologies, Inc., (”GWT”) a technology driven water purification and services provider to the $400 billion water industry, announced that it has signed an Agreement to provide well water Treatment services for a new residential development located in Weld County, Colorado.
Per the terms of the agreement, GWT will design, build and operate a well water Treatment plant to supply potable water under a 30 year services agreement. The plant will purify well water to be used for a new multi-family residential development located approximately 20 miles northeast of Denver. GWT will begin work on the project upon the developer’s receipt of required permits.
George Kast, CEO stated, “This is another application of our broad based water Treatment technologies and knowhow being applied to a rapidly growing water Treatment market opportunity. According to the CDC, between 40 and 45 million Americans regularly depend on private ground water wells for their drinking water and most are contaminated and must be purified to meet drinking water standards.”
The company is pleased to announce that Mark Marcin has joined GWT as its Technical Director. Mr. Marcin was most recently employed by the Pall Corporation , a recognized World Leader in water filtration, as a Process Application Specialist. He has a degree in Chemistry and brings over 24 years of water and waste water experience in both municipal and industrial sectors. Mr. Marcin’s expertise includes the design of low pressure membrane, MBR, and reverse osmosis systems for the municipal market.
The company also announced George Kast, Chairman and CEO, will be a speaker at the Profiting in the Water Industry Conference held June 5th in New York City.
ABOUT GLOBAL WATER TECHNOLOGIES:
Global Water Technologies, Inc. (Pink Sheets: GWTR) is a “CleanTech” water Treatment and services company with “clearly” innovative technologies, focused on the energy, power, oil and gas, process, HVAC and municipal markets. The company utilizes its proprietary technologies and services 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. GWT’s products treat over 10 billion gallons of water per day.
FORWARD LOOKING STATEMENT:
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.
Global Water Technologies, Inc.