Global Water Technologies releases annual shareholder letter
JANUARY 1, 2025
https://gwtr.com/news_01-01-2025.php
Dear Shareholders of Global Water Technologies,
Thank you for joining us as we begin another new year and look forward to some exciting opportunities with new partners and a chance to participate in the world’s largest prize competition for innovative ways to address water scarcity.
As we announced in September, the company formed a team for the XPRIZE Water Scarcity competition, a 5-year global effort to create reliable, sustainable and affordable seawater desalination systems that is being sponsored by the Mohamed bin Zayed Water Initiative. We were one of five teams that presented at the North American team summit in New Orleans during the WEFTEC water industry conference in October and will be participating in the qualification round during the first half of 2025.
While the competition will be challenging with hundreds of teams participating from around the world, we believe the event fits nicely with our efforts over the past several years to integrate new methods of non-chemical water treatment for desalination and disinfection in a manner that improves water and energy efficiency. We have licensed a new method of capacitive deionization that was funded by NASA research and taken steps to combine this technology with traditional desalination systems in a way that may provide superior benefits for decentralized systems.
These efforts have also been coordinated with our previous plans to evaluate opportunities for potential mergers and acquisitions that fit nicely with the long history of Global Water Technologies seeking innovative solutions in the water sector. We held discussions with several companies about such deals during 2024 and have a short list of potential targets for completing a transaction in 2025. Due to the confidential nature of such discussions and required compliance with securities laws, we will share limited information as appropriate on our web site and through filings for GWTR on OTC Markets.
Speaking of OTC Markets, we have been notified of a major change taking place on the platform in the second half of 2025 that will result in a new category called OTCID that will replace the Current Information category that we upgraded to at the end of 2021. We believe that this new level will be a benefit to our company and the timing may also be helpful in attracting new investors for any deals we may consider.
In 2024, shares of Global Water Technologies traded between $0.017 and $0.2498 with a closing price of $0.0195 and volume of 1,901,800. In 2023, shares of Global Water Technologies traded between $0.01 and $0.034 with a closing price of $0.03 and volume of 996,037.
The number of common shares at December 31, 2024 was 29,823,955 and the number of free-trading shares remains at 5,895,503. The company has reserved 4 million shares for convertible promissory notes totaling $135,000. Additional shares may be issued as the company seeks adequate funding to execute its business plan and further upgrade its SEC compliance.
Thank you to all our shareholders who continue to support the company as we move forward and best wishes to both those who joined us in the past year and the many who have been on this journey for a long time. Here’s to a great 2025!
Sincerely,
Erik Hromadka
Chairman and CEO
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