JUPITER, FL--(Marketwired - Jul 17, 2013) - GelTech Solutions, Inc. (OTCBB: GLTC), creators of FireIce, a revolutionary water enhancing fire suppressant that has the potential to change current firefighting techniques, announced today that Con Edison (NYSE: ED) has expanded their use of FireIce to combat manhole and electric pole fires throughout their system wide network after seeing successful results. Con Edison predicts a significant cost-savings from using FireIce by limiting damage to manholes, electric poles and surrounding infrastructure.
Con Edison has also placed an initial order for GelTech's newly developed Emergency Manhole FireIce Delivery System (EMFIDS), a system that is custom designed to coat the ladder and Con Edison workers inside a manhole in case of an emergency. Con Edison provided funding and materials for GelTech to research and develop EMFIDS.
"We are very pleased Con Edison recognizes the effectiveness of our product to combat manhole and electric pole fires. Con Edison understands the benefits of our product as a sustainable solution to improve overall public and worker safety," said GelTech CEO, Michael Cordani. "Their focus on and attention to overall worker safety was instrumental in our development of the EMFIDS."
"It's gratifying to work with a customer who has contributed financial resources and materials to assist us in developing EMFIDS. EMFIDS is designed to quickly spray FireIce into a manhole in the event of an emergency incident while Con Edison workers are performing routine maintenance or repairs," stated GelTech CTO, Peter Cordani. "We are excited to be associated with delivering this innovative solution, now in its infancy, which has the potential for world-wide acceptance."
About GelTech Solutions, Inc.
GelTech Solutions creates innovative, Earth-friendly, cost-effective products and solutions 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 CTO, 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.
For more information on GelTech, please visit: http://www.GelTechSolutions.com
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements including the potential for world-wide acceptance of the EMFIDS. 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 the initial EMFIDS in the field, Con Edison continuing to make purchase orders, and the acceptance of EMFIDS and FireIce in other markets including international markets. Further information on our risk factors is contained in our filings with the SEC, including the Form S-1/A filed on June 7, 2013. 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.