GWTR partners with BAMI-I to seek pilot site
08 December 2012 - 6:08AM
OTC Markets
Global
Water Technologies
partners with BAMI-I
Seeks communities to host pilot project on
reducing water
main breaks
INDIANAPOLIS, December 7, 2012 – Global Water
Technologies
(OTC Pink: GWTR) has partnered with the Buried Asset Management
Institute – International
(BAMI-I) to test new solutions for aging water infrastructure.
Global Water Technologies is introducing a
patented new
system from Europe that uses multi-parameter sensors and software
to reduce
water loss in drinking water systems. This is a significant problem
in the
United States, where aging underground pipes typically lose more
than 20
percent of treated water before it reaches customers. In addition
to wasting
water and energy, leaking pipes result in hundreds of daily water
main breaks that
cause extensive damage and disrupt business.
BAMI-I provide a center of excellence for owners of underground
water
infrastructure to join with industry and researchers, using sound
science, to
evaluate and develop buried asset management protocols to benefit
ratepayers
and other stakeholders by:
•
protecting public health
•
maximizing asset lifecycle value
•
improving the environment
•
sustaining economic development
•
enhancing the quality of life
“Sustainable cities must improve efficiency in their water
infrastructure,”
said Erik Hromadka, CEO of Global Water Technologies. “This
requires new ideas
and collaboration among water utilities, community leaders,
research
universities and innovative companies.”
More information about BAMI-I is available at:
www.bami-i.com
Global Water Technologies is seeking municipal
and financial
partners for a pilot project in the U.S. to demonstrate how the new
technology
can provide early leak detection and reduce water main breaks.
Communities
interested in participating in a pilot project should contact the
company.
More information about Global Water
Technologies is
available 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.
CONTACT:
Investor Relations
Global Water Technologies, Inc.
Phone: (317) 452-4488
info@gwtr.com or www.gwtr.com
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