GelTech Solutions, Inc. (OTCQB: GLTC) creators of FireIce, a water-enhancing fire suppressant, successfully completed field tests with Con Edison (NYSE: ED).
"Con Edison's field testing under live conditions demonstrated that FireIce's fire suppression qualities reduces risks to utility workers and equipment, as well as New Yorkers," said Michael Cordani, GelTech chief executive officer. "The performance of our product reinforces the results achieved during Con Edison's earlier testing under controlled, laboratory conditions."
FireIce is an additive to fire suppression systems. It also has been used by the Bureau of Indian Affairs to fight wildfires.
GelTech Solutions' work with Con Edison is the first with an electric utility. Con Edison engineers and technicians found FireIce puts out underground fires more quickly than other systems.
Along with the successful field results, the Florida based GelTech also announced the opening of a regional support facility in Brooklyn, New York.
"The opening of this new facility is further evidence of our continued commitment and dedication to support the demands of our client base," said Cordani. "We look forward to the strengthening of our relationship with Con Edison as we both pursue our common goal: Safety."
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 apparatuses: fire extinguishers, pumper trucks, aerial units for wildfires and home defense units for personal home protection.
GelTech also markets Soil2O, 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
About Con Edison
Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE: ED), one of the nation's largest investor-owned energy companies, with approximately $12 billion in annual revenues and $40 billion in assets. The utility provides electric, gas and steam service to more than three million customers in New York City and Westchester County, New York. For additional financial, operations and customer service information, visit us on the Web at www.conEd.com, at our green site, www.coned.com/thepowerofgreen, or find us on Facebook at Power of Green.
Investors: CSIR Group, LLC Christine Petraglia (212) 386-7082