INDIANAPOLIS and SHANGHAI, June 5, 2017 --
Global Water Technologies (OTC: GWTR) is pleased to announce that its China business development efforts will be recognized this week at the Aquatech expo in Shanghai, where one of its partners has been named a finalist in the 2017 China BlueTech Awards.
The company’s China work began in 2014 and has been led by Dr. Tom Iseley, an international expert in trenchless technologies. One of the first technologies introduced in the China market was an innovative manhole and pipe rehabilitation system developed by Iowa-based AP/M Permaform.
Global Water Technologies also partnered with a research institute in China to commercialize the technology in that market. Working together, the patented PERMAFORM® system was deployed to reline manholes using a proprietary spincast system and custom blends of concrete and corrosion-resistant bonding agents. The process is a cost-effective way to renew aging infrastructure while minimizing disruption of traffic above ground and water flows below ground.
After initial testing, training and pilot projects, commercial use of the technology began in 2016 and is expected to grow in 2017. It is one of eight finalists for the awards that recognize innovation and China market readiness.
“We are honored to have this recognition from world-class water experts for the several years of dedicated efforts that have been invested to build a business pipeline into the largest infrastructure market,” said Erik Hromadka, CEO of Global Water Technologies.
IMO and FWIW.
