GLTC +.13 News out today on landing FireIce contract with ConEdison.
GelTech Solutions, Inc. (OTCBB: GLTC), creators of FireIce, a revolutionary water enhancing fire suppressant that has the potential to change current firefighting techniques, announced today that Con Edison (NYSE: ED) has expanded their use of FireIce to combat manhole and electric pole fires throughout their system wide network after seeing successful results. Con Edison predicts a significant cost-savings from using FireIce by limiting damage to manholes, electric poles and surrounding infrastructure.
Con Edison has also placed an initial order for GelTech's newly developed Emergency Manhole FireIce Delivery System (EMFIDS), a system that is custom designed to coat the ladder and Con Edison workers inside a manhole in case of an emergency. Con Edison provided funding and materials for GelTech to research and develop EMFIDS.
"We are very pleased Con Edison recognizes the effectiveness of our product to combat manhole and electric pole fires. Con Edison understands the benefits of our product as a sustainable solution to improve overall public and worker safety," said GelTech CEO, Michael Cordani. "Their focus on and attention to overall worker safety was instrumental in our development of the EMFIDS."
"It's gratifying to work with a customer who has contributed financial resources and materials to assist us in developing EMFIDS. EMFIDS is designed to quickly spray FireIce into a manhole in the event of an emergency incident while Con Edison workers are performing routine maintenance or repairs," stated GelTech CTO, Peter Cordani. "We are excited to be associated with delivering this innovative solution, now in its infancy, which has the potential for world-wide acceptance."
GLTC +.13 News out today on landing FireIce contract with
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