Stratton Holdings, Inc. (Pink Sheets: STHG) made an initial investment in Global Water to support the research and development of new technologies for ballast water treatment and will also provide professional services from its headquarters in San Jose, California.
"Global Water Technologies is a good fit for our strategy to identify and invest in small public companies that have demonstrated potential for significant growth," said Eric Stratton Racheff, CEO of Stratton Holdings, Inc.
Hromadka noted the investment is a validation of Global Water's approach to identify new technologies, create project teams to develop and deploy the most promising opportunities and then build business operations in those areas. "We welcome Stratton Holdings as one of our initial investors in this area and continue to seek such strategic partnerships as we move forward and create value for all our stakeholders."