Global Water Technologies Files Patent Application for Water Treatment System

    GOLDEN, Colo.--Jan. 8, 2002--Global Water Technologies, Inc. (GWT), a full-service cooling water company utilizing advanced technologies and engineered solutions to provide process cooling water to power plants, process industries, HVAC and municipalities worldwide, today announced that it had filed a patent application for its proprietary AquaPhysics(TM) non-chemical cooling water treatment system.
    The AquaPhysics(TM) system incorporates proprietary technology that replaces traditional chemical water treatment with an environmentally sound non-chemical treatment system. The system is being marketed primarily to HVAC and Light Industrial customers worldwide, through Applied Water Technologies, Inc. (AWT), a wholly owned subsidiary of GWT.
    Benefits attained through the implementation of the AquaPhysics(TM) program are: elimination of cooling water treatment chemicals, reductions in energy consumption, as well as decreases in makeup water consumption and tower water discharge. Additional benefits can be attained and quantified from reduced liability associated with improvements in material handling, safety and health related issues. The AquaPhysics(TM) program incorporates equipment, service, and 24-hour remote monitoring and system control resulting in more efficient cooling system performance.
    Commenting on the patent application, George Kast, Chairman and CEO, stated: "We are pleased that our laboratory and field testing of the AquaPhysics(TM) water treatment system has demonstrated extremely positive results in achieving superior water quality, while reducing water usage, hazardous discharge, and other risks associated with chemical water treatment. Many municipalities are mandating the reduction of hazardous chemicals that can be discharged to public treatment facilities and have increased the discharge cost associated with handling these constituents. Increasing water and energy costs makes the AquaPhysics(TM) systems very attractive to governmental, institutional, and commercial building owners, as well as light industrial (automotive, pharmaceutical, high-tech, & general manufacturing) facilities managers. Our AquaPhysics(TM) program addresses the growing demand for 'green facilities' that conserve resources and are environmentally responsible. We believe our proprietary AquaPhysics(TM) program addresses the needs of this segment of the estimated $500 billion global water treatment industry and is synergistic to our core business."

    About Global Water Technologies

    Global Water Technologies, Inc. (OTCBB:GWTR) is a water technology and services company with major installations in the areas of power, process and HVAC. The company utilizes its proprietary technologies to enhance a facility's production by providing cold, high-quality water to increase operating efficiencies, reduce water use and operating costs. GWTR's client base includes, but is not limited to, the following companies: Archer Daniels Midland, Texas Instruments , Duke Fluor Daniel, General Electric , Kerr McGee, Mitsubishi, Air Liquide, Air Products & Chemicals, Shaw Group, Bayer Corporation, General Motors and YORK International , as well as numerous hospitals, universities, airports and government facilities.

    Forward-Looking Statement

    This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive and other factors, including, among other things, the size and timing of customer orders, changes in laws, new or increased competition, delays in new products, production problems, changes in market demand, market acceptance of new products, seasonal product purchases, and changes in foreign exchange rates. These factors, and other factors, which could materially affect the Company and its operations are included in the Company's filings with the Securities and Exchange Commission and are incorporated herein.