Global Water Technologies, Inc. (GWTR)

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Global Water Technologies notes progress on Indiana water infrastructure financing

INDIANAPOLIS, November 1, 2017 -- Global Water Technologies (OTC: GWTR) is pleased to note progress on the new federal program for water infrastructure financing announced this summer.

In July, Indiana was selected as one of 12 entities in the United States invited to participate in the initial Water Infrastructure Finance and Innovation Act (WIFIA) program. The effort, which is being coordinated through the United States Environmental Protection Agency (US EPA), was supported by Global Water Technologies in 2013-14. The company was an initial member of the agency's national water cluster initiative and has worked on Indiana's participation since 2011.

During a national meeting of the Council of Infrastructure Financing Authorities (CIFA) held in Indianapolis this week and attended by representatives from more than 40 states, Indiana was recognized for having submitted the first completed application in the nation. A final decision on the proposed financing for the state is expected in early 2018.