GWTR entered into a partnering agreement with Nalco over ten years ago as following pr states. Apparently Nalco has over 700 employees currently working in the Gulf cleanup. Could some of GWTR employees also be currently involved in Gulf cleanup? Notice if this partnering agreement still exists today.Nalco could still be involved in the outsourcing of Electric H2O cooling tower manufactured equipment products.PSI Division referred to in pr entered chapt.7 prior to GWTR entering intact from bankruptcy protection.
March 27, 2000 - GWT Subsidiary Signs Agreement With Nalco Industrial Outsourcing Company
Global Water Technologies, Inc. (OTCBB:GWTR), a company utilizing advanced technologies and engineered solutions to provide process cooling water to industry and municipalities worldwide, today announced that its wholly owned subsidiary, Psychrometric Systems, Inc. ("PSI''), signed a reciprocal marketing and development agreement with Nalco Industrial Outsourcing, a wholly owned subsidiary of Nalco Chemical Company of Naperville, Illinois. \r
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Nalco, the world's largest water treatment company, through its newly formed subsidiary, Nalco Industrial Outsourcing, will supply PSI's cooling towers with their water treatment equipment and services to outsource process cooling water to power plants, refineries and other industrial plants. Nalco has over 3,500 sales and service representatives worldwide. This will enable both entities to better serve all of their customers and provide for significant new sales opportunities. \r
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Commenting on the agreement, George Kast, President and CEO of Global Water Technologies, stated: "We are extremely pleased to work with Nalco. They have a tremendous sales and service organization, worldwide, which will enable us to provide a more comprehensive program to our customers. Industry is looking for ways to outsource their essential non-core businesses, and together we can provide an efficient cooling water service program. Nalco's expertise in the water treatment arena, combined with the technologies and capabilities of PSI, will be unmatched in the marketplace for bringing total cooling water solutions to the world's largest water users.''\r
