GelTech Solutions (OTCBB: GLTC)
GelTech Solutions creates innovative, Earth-friendly, cost-effective products that help industry, agriculture, and the general public accomplish environmental and safety goals, such as water conservation and the protection of lives, homes, and property from fires.
FireIce® is a patent pending powdered fire suppressant used for direct attack of fires as well as a medium term retardant for structure protection. FireIce can be used in all types of apparatus: fire extinguishers, pumper trucks, aerial units for wildfires and home defense units for personal home protection.
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Outstanding: 22.1 M
Float: 12.5 M
- GelTech Solutions is an early-stage synthetics company that markets and sells three polymer-based products: Soil2O™, FireIce, and SkinArmor.
- Soil2O™ and FireIce were designed and marketed primarily to lessen the billions of dollars lost every year from droughts and fires. SkinArmor was developed to protect human skin from the effects of intense heat.
- FireIce, Soil2O™, and SkinArmor are non-toxic and environmentally friendly.
- The economic impact in the United States from droughts is estimated to be as high as $12 billion each year. Structural fires ($10.6 billion), vehicle fires ($1.4 billion) and outside fires including wildfires ($2.6 billion of federal funds) cost in excess of $14.6 billion annually.
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