INDIANAPOLIS, Dec. 22, 2011 /PRNewswire/ -- Global Water
Technologies, Inc. (OTC Markets: GWTR) notes a new report by the
Water Innovations Foundation (waterinnovations.org) underscores the
growing need for innovative solutions to the nation's water
infrastructure problems.
"We announced leaking pipes as an area of interest in October
and this new report highlights the urgency of the problem," said
CEO Erik Hromadka.
The Water Innovations Foundation has undertaken research on the
topic over the past several months to better understand its impact
on utilities and communities. Some of the initial key findings
include:
KEY FINDINGS:
- It will take 15 to 20 years of significant investment to
stabilize and modernize the U.S. water infrastructure
- Predicted costs to repair U.S. water infrastructure
system are $365 billion
- Approximately 15 percent of municipal water is lost to
leaks
- Public water systems that serve more than one million people in
the United States average a loss
of 17 percent through leakage
- 45 percent of the country's pipes will be rated poor, very poor
or beyond repair by 2020
- Leaking pipes lose an estimated 7 billion gallons of clean
drinking water a day
- A water information technology system will lower annual
operating costs on average of 33 percent, providing more impact on
larger systems
- Such a system is not one project, but hundreds of
interconnected projects
The foundation also notes that aside from aging infrastructure,
the United States has entered an
era of severe fiscal restrictions faced by federal, state, and
local governments. Therefore, investment must be adequately
prioritized and well-directed and innovative technologies for
sensing and monitoring, information exchange, and data analytics
can improve efficiency of water use and distribution.
More information on the research is available by contacting the
Water Innovations Alliance through its web site at:
www.waterinnovations.org
Additional 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.
SOURCE Global Water Technologies, Inc.