“After a thorough and comprehensive two year evaluation of fire suppressant products, including independent laboratory testing, Con Edison has chosen FireIce for field testing for use on electrical manholes fires,” stated Peter Cordani, chief technology officer, GelTech Solutions, Inc. “In controlled testing, FireIce has proven to be the most effective and efficient product at quickly extinguishing these fires.”
Michael Cordani, chief executive officer, GelTech Solutions, stated, “We are excited to team with Con Edison to participate in this pilot program. Their selection of FireIce is further testament to the efficacy of this game changing product. Demonstrating the ability of FireIce to combat manholes fires in New York will be a major stepping stone toward testing FireIce in other major cities.”
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 home defense units for personal home protection.
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.
This press release contains forward-looking statements including this being a major stepping stone towards testing FireIce in other major cities. Forward-looking statements can also be identified by words such as “targets,” “expects,” “believes,” “anticipates,” “intends,” “may,” “will,” “plan,” “continue,” “forecast,” “remains,” “would,” “should,” and similar expressions. Forward-looking statements are based on current expectations, are not guarantees of future performance and involve assumptions, risks, and uncertainties. Actual performance and 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 the effectiveness of FireIce during the course of the pilot and the acceptance of FireIce in the electric utility industry. 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, 2012. Any forward-looking statement made by us in this press release 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.