Global Water Technologies Signs Agreement To Provide Hospital With Cooling Water Treatment Technology And Services
The University of Maryland Medical Center is a large academic health center that combines medical education, biomedical research, patient care, and community service. It is a major part of the University of Maryland Medical System, a regional, multi-hospital system of 1,900 beds and 9,000 employees. It operates in conjunction with the University of Maryland Medical School, the 5th oldest medical school in the United States. Under the 5-year agreement, the AWT program will service an 8,100 GPM cooling water system that will be expanding to approximately 12,000 GPM next year. AWT's AquaPhysics™ treatment system components have been designed to allow for this expansion.
Commenting on the agreement, George Kast, President and CEO stated, "We are pleased to help support the university in their efforts to reduce hazardous chemical use, conserve water and energy, and enhance patient and employee safety within their facilities. Since our program addresses each of these issues while also providing expert operations and maintenance services, we anticipate growing interest from the entire hospital industry that includes over 13,000 hospitals nationwide. This is further confirmation of our business strategy and the investment we have been making in our two new business opportunities which we believe will have a significant impact on future revenues and profitability."
"During the last 10 years, the technology that AWT utilizes for microbiological control in cooling water circuits has emerged as a leading method for controlling bacteria and the biofilm that harbors them in hospital water systems," explains Timothy Kast, VP Engineering, AWT. "Backed by scientific research by independent experts, medical facilities have selected the technology employed by AWT in over 500 potable water systems to control bacteria, including Legionella pneumophila, which is responsible for Legionnaire's disease. With AWT's Cooling Water Management Program, hospitals, hotels and other property managers can now achieve this same level of control on their cooling water systems."
ABOUT GLOBAL WATER TECHNOLOGIES:
Global Water Technologies, Inc.'s global strategy is to invest in and develop business opportunities in the world's largest industry - WATER. In support of this strategy, GWT has three synergistic subsidiaries that represent this strategy and business. The first wholly owned subsidiary, Psychrometric Systems, Inc. (PSI), provides process cooling water primarily through the design, engineering and project management of water cooling towers to industrial and manufacturing clients worldwide. Applied Water Technologies, Inc. (AWT) another subsidiary of GWT, provides our customers with proprietary environmentally-sound water treatment systems and services which are designed to meet the growing need for cooling water treatment and re-use worldwide. Global Water Services, Inc. (GWS), another wholly owned subsidiary of GWT, provides total cooling water solutions and service programs to our customer base, including cooling water systems and water treatment services. Global Water Technologies, Inc. trades on the over-the-counter bulletin board under the symbol "GWTRD".
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. 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 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 in product purchases, and changes in foreign exchange rates. These factors, and other factors, which could materially affect the Company and its operations are included in the Company's filings with the Securities and Exchange Commission and are incorporated herein.
FOR MORE INFORMATION:
Please refer to our web site: www.gwtr.com or contact:
Michael Freiermuth, Investor Relations Coordinator
Global Water Technologies, Inc.
Phone: 303/215-5144
Fax: 303/215-0595