INDIANAPOLIS, IN, Dec. 31, 2012 -- Global Water Technologies (OTC Pink: GWTR) has released its annual shareholder letter with a review of the company's progress and future opportunities.
Global Water Technologies is working to create a pilot "smart water grid" that utilizes information technology to better manage the distribution of drinking water in the United States. CEO Erik Hromadka said a comprehensive "people + pipes + policy" approach can be a model for sustainable water infrastructure.
The company is seeking municipal and financial partners to demonstrate how its new technology can provide early leak detection and reduce water main breaks.
Hromadka also provided an update related to a patent the company was issued in 2011 for the on-site production of sulfuric acid and noted that securing additional funding is a top priority in 2013.
The company's GWTR stock continues to maintain its "Current Information" status, which is the highest tier for pink sheet companies on the OTC Markets. At the end of 2012, the company had 11,698,605 shares of its common stock issued and outstanding.
"Thank you to all our shareholders, customers, partners, vendors and staff for continuing to support the company as we build Global Water Technologies and look forward to a successful new year," Hromadka said.
The complete shareholder letter and more information about Global Water Technologies is available on the company web site at: www.gwtr.com.