Global Water Technologies Locates in 16 Tech Distr

INDIANAPOLIS, Nov. 09, 2015 (GLOBE NEWSWIRE) -- Global Water Technologies (OTC Pink:GWTR) has taken an initial step to support the 16 Tech district by locating an office at 1100 Waterway Boulevard, in a planned innovation community just northwest of downtown Indianapolis.

“We have been supporting innovation in this area since 2012, when we developed a plan for demonstrating new solutions to improve water efficiency in local infrastructure,” said Erik Hromadka, CEO of Global Water Technologies. “It’s exciting to see those efforts begin to take shape as Indianapolis moves forward as one city with a commitment to leadership in both technology and sustainability.”

The 16 Tech initiative envisions a mix of new development providing research labs, corporate offices and business incubators, as well as residential, retail and park space that draws top talent from around the country. The location just north of the Indiana University Purdue University at Indianapolis (IUPUI) campus is expected to be anchored by a bioresearch institute and attract other world-class facilities in the coming years.

Bordered by the White River and Fall Creek, the area serves as a hub for water infrastructure in Indianapolis. When the city hosted the 2012 Super Bowl, Global Water Technologies flew a hot air balloon over downtown from the 16 Tech area to call attention to the condition of water infrastructure. The company joined local partners to develop a living lab for water technologies in the area and has supported a number of initiatives to reconnect the city with its waterways, including a massive $1.6 billion project to build 28 miles of underground tunnels and prevent wastewater overflows. Global Water Technologies seeks to improve efficiency in water infrastructure though the use of innovative tools providing better measurement and monitoring of conditions in distribution and collection systems. Hromadka will be discussing those efforts at an IUPUI water symposium on November 16. More information about Global Water Technologies is available at:  www.gwtr.com

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.

CONTACT: Erik Hromadka, info@gwtr.com