Global Water Technologies, Inc. (GWTR)

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December 10, 2018

Groundbreaking planned for 16 Tech project

INDIANAPOLIS, December 10, 2018 -- Global Water Technologies (OTC: GWTR) plans to attend a groundbreaking ceremony for the 16 Tech project in Indianapolis that is set for Wednesday, December 12. Global Water Technologies was one of the first companies to locate in the area when the city announced its intention to create a world-class innovation district in 2015.

In 2016, the company hosted the first international technology demonstration in 16 Tech, featuring a new trenchless technology process for relining water mains and a new UV-C LED technology for treating drinking water with chemicals. The company continues to work on deployment of both technologies.

Also scheduled for Wednesday is a $217 million issuance of green bonds for water projects in the State of Indiana. Although the $436 million Indiana WIFIA program announced by US EPA in April has not yet closed, the state is moving forward with this capital raise for projects around the state. A task force on water infrastructure in Indiana has also completed its work, which is anticipated to result in new legislation regarding the state’s buried infrastructure in 2019.