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May 15, 2009: Global Water Technologies Moves Headquarters to Indiana

May 15, 2009
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INDIANAPOLIS - Global Water Technologies Inc., a provider of non-chemical water purification and treatment services to the energy, power, oil and gas, process, HVAC, and municipal markets, announced that it has moved its corporate headquarters to Indianapolis.

“Indiana has an excellent technology community, a vibrant entrepreneurial climate, a strong manufacturing history, and a new emphasis on clean technology. That’s an excellent environment to grow this business,” said Erik Hromadka, president and CEO.

“We welcome Global Water to Indiana and thank them for their investment and confidence in our state,” said E. Mitchell Roob Jr., Secretary of Commerce and chief executive officer of the Indiana Economic Development Corp. “This company’s pursuit of clean technology practices and responsible water management is admirable and reflective of the state’s overall mission in attracting new investment.”

Global Water Technologies was formerly headquartered in Denver. Hromadka noted that Indiana provides the company with cost advantages and its central Midwestern location has better proximity to a large number of commercial and industrial customers that have hard water treatment needs which can benefit from its patented electronic descaling technology.

“In this economic climate, controlling costs is key to long-term success,” Hromadka said. “In the past three months, the new board has undertaken a review of the company’s operations and aggressively cut costs, including a reduction in management and overhead expenses of more than 50 percent. Although there are numerous opportunities for growth in the water industry, we believe it must be managed carefully and developed in a profitable manner.”

Publication date: 05/11/2009

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