09 March 2001
09 March 2001
Global Water Technologies, Inc., a company utilizing advanced technologies and engineered solutions to provide process cooling water to power plants, process industries and municipalities worldwide, today announced that its wholly owned subsidiary, Psychrometric Systems, Inc. (PSI), has received Factory Mutual (FM) approval of its fiberglass (FRP) cooling tower design. This proprietary cooling tower system, referred to as Model CFU-FM, is currently available to its customers worldwide.
Factory Mutual (FM) is an independent testing agency recognized worldwide by the insurance industry for approval of products that meet certain fire prevention criteria without the use of an external fire protection system. After several years of development, PSI believes that this design will revolutionize the power, commercial, municipal, and light industrial markets due to its unique design and cost- effective attributes to its customers.
Commenting on the FM approval, George Kast, President and CEO, stated: ""We are pleased to be able to offer to our cooling system customers, our proprietary and environmentally friendly fiberglass FM approved tower. We believe this cooling tower design will result in cost savings to them by eliminating the need for a traditional fire protection system. Additionally, the fiberglass design offers a 30-year life span which is considerably longer than traditional structural material used in cooling water systems. We believe this will give us a competitive advantage in this market place, provide our customers with a valuable and cost-effective alternative to expensive fire protection systems, and will result in additional revenues and profits for our shareholders.""
Global Water Technologies, Inc.'s global strategy is to invest in and develop business opportunities in the world's largest industry -- water.