JUPITER, FL / November 4, 2014 / GelTech Solutions, Inc. (GLTC), announces the launch of GT-W14, a state-of-the-art industrial absorbency product capable of reducing the hazardous chemical status of certain industrial fluids, including oils, solvents and acids as well as many other fluids often found in automotive and industrial companies.
GT-W14 uses advanced polymer technology to control fluid spills of all sizes, turning liquids into solid waste for easier and safer disposal. GT-W14 is highly effective on both dense and porous surfaces, and its fast-acting polymers absorb much quicker than traditional spill absorbent products. In independent laboratory testing, GT-W14 also reduced the hazardous chemical rating of multiple industrial fluids, oils, and chemicals that it was applied to and neutralized the PH of several acids and bases with no adverse chemical reactions on any of the fluids tested.
In related news, GelTech also announces the execution of a new distribution agreement with Just1Solution, Inc., a Canadian company with expertise in global shipping and logistics of hazardous goods. Just1Solution will be distributing all of GelTech's product lines, including GT-W14, and has placed an initial order of FireIce and GT-W14.
In a joint statement, Michael Reger, Chief Operating Officer of GelTech and Pierre Boies, President of Just1Solution stated, "We are pleased to announce our new partnership between GelTech and Just1Solution. Just1Solution's presence in the global logistics industry immediately expands the market opportunities for GT-W14 and the entire GelTech product line, and by leveraging the core competencies of each organization we expect to develop a recurring revenue stream and significant market share."
Additional information on the GT-W14 product line can be found online at www.gtw14.com.
Just1Solution is a Canadian one-stop shop offering a comprehensive solution that integrates warehousing, electronic inventory management and complete logistic services for the management of dangerous goods and innovative products.
Additional information on Just1Solution can be found online at www.just1solution.ca.
About GelTech Solutions, Inc.
GelTech Solutions creates innovative, Earth-friendly, cost-effective products that help industry, agriculture, and the general public achieve environmental and safety goals such as water conservation and protecting lives, homes and property from fires. All the products currently marketed by GelTech Solutions, Inc. were created for the Company by inventor and chief technology officer, Peter Cordani.
FireIce is a patent pending 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 all equipment used in municipal applications. FireIce is a water enhancing powder that can be utilized both as a fire suppressant in urban firefighting, including underground utility fires, and in wildland firefighting and as a medium-term fire retardant to protect wildland, structures and firefighters.
GelTech also markets Soil2O which is both a non-toxic soil conditioner and a dust abatement product. Soil2O "Dust Control" products and solutions stop all types of particulate matter from entering the air and water, solving even the most stubborn dust control problems. Soil2O Granular and Topical blends reduce water consumption up to 50% and promote healthy root development in plants and lawns, generating faster seed germination by keeping nutrients and moisture at the root level longer.
For more information on GelTech, please visit: www.geltechsolutions.com.
For Investor Relations Questions, please call: GelTech Solutions, Inc. 844-FOR-GLTC
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements including developing a recurring revenue stream and market share. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. Forward-looking statements are based on our current expectations and assumptions regarding our business and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include failure to receive acceptance of FireIce(R) and GT-W14 by Just1Solution's customers, failure of Just1Solution to properly market the products and competition. Further information on our risk factors is contained in our filings with the SEC, including the Form 10-K for the year ended June 30, 2014. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.