Indianapolis, IN, Florence, KY and Amsterdam (GLOBE NEWSWIRE) - Global Water Technologies (OTC Pink:GWTR) is pleased to announce it has signed a Memorandum of Understanding (MOU) with AquiSense Technologies, a Kentucky company that is unveiling the world’s first UV-C LED production product for water disinfection at Aquatech Amsterdam.
“We are pleased to take the first steps toward working with a company that has developed truly innovative new technology for more efficient water treatment,” said Erik Hromadka, CEO of Global Water Technologies. “In 2013, we presented at International Water Week in Amsterdam on new opportunities from our region of the United States and we’re excited to see this new technology as a great example.”
Both Global Water Technologies, based in Indianapolis, Indiana, and AquiSense Technologies, based in Florence, Kentucky, are part of a regional water cluster formed by the U.S. Environmental Protection Agency and U.S. Small Business Administration to drive innovation and entrepreneurship in the water sector.
“We are honored to be one of just eight companies to exhibit in the Amsterdam Innovation Pavilion,” said Oliver Lawal, founder and CEO of AquiSense Technologies. “Our compact PearlAqua product marks a key milestone as the first production volume UV-C LED water disinfection system. It is the result of eight years of development work, over $5 million of investment and hundreds of hours of user interactions.”
Global Water Technologies is an initial customer of the PearlAqua system, which began shipping this week and uses state-of-the-art LED technology to provide water disinfection without the use of chemicals or mercury-based UV lamps. “We look forward to working with AquiSense to identify new opportunities to commercialize this innovative technology where traditional UV applications may not have been feasible,” Hromadka said.
More information about Global Water Technologies is available at: www.gwtr.com
More information about AquiSense Technologies is available at: www.aquisense.com
More information about Aquatech Amsterdam is available at: www.aquatechtrade.com/amsterdam
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.
© Copyright 2015, GlobeNewswire, Inc. All Rights Reserved.
SOURCE: Global Water Technologies, Inc.