Global Water Technologies subsidiary receives York International contract

Global Water Technologies, Inc., a leading equipment and services supplier of cooling water and treatment services to power plants and process industries worldwide, today announced its wholly owned subsidiary, Applied Water Technologies, Inc. (AWT), has signed an agreement with YORK International Corporation to provide its proprietary AquaPhysics(TM) cooling water treatment technology and services through York for a Hilton Hotel.

GOLDEN, Colo.(BUSINESS WIRE) July 10, 2001 -- Global Water Technologies, Inc., a leading equipment and services supplier of cooling water and treatment services to power plants and process industries worldwide, today announced its wholly owned subsidiary, Applied Water Technologies, Inc. (AWT), has signed an agreement with YORK International Corporation to provide its proprietary AquaPhysics(TM) cooling water treatment technology and services through York for a Hilton Hotel.

YORK International is the largest independent supplier of heating, ventilating, air conditioning and refrigeration (HVAC&R) equipment in the United States and a leading competitor in the industry internationally. The company's products are sold in over 120 countries and York has approximately 24,400 employees worldwide. In addition, YORK International provides outsourcing of service and maintenance contracts for many facilities where HVAC&R equipment is utilized.

Commenting on the contract, George Kast, President and CEO, stated: �We are very pleased to work with and support York on this project. York's reputation as a leader and innovator in the industry, combined with its ongoing service and maintenance programs, provides AWT an excellent platform for future sales of the AquaPhysics(TM) cooling water treatment system. Additionally, the AWT program incorporates a technology currently being used by York to enhance chiller performance and energy efficiency through the reduction and prevention of scale build-up. There are over 500,000 HVAC cooling water systems in operation today that require treatment. AWT's AquaPhysics(TM) system is providing this market with an environmentally sound means of cooling water treatment, while reducing water and energy usage.�

Ned Hebert, District Service Manager for YORK International, stated: �The AWT AquaPhysics(TM) program provides a tremendous value to the service we offer to our customers. The online monitoring feature of this program is of significant value in maximizing the cooling water system performance.�

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