GOLDEN, CO — Global Water Technologies Inc. (GWT), a water technology and services company, has announced it is in discussions with several entities regarding the sale of its Psychrometric Systems Inc. (PSI) subsidiary, which has been the company's principal operating entity.
PSI is a cooling tower design and equipment provider with installations in 25 countries and revenues of $85 million in 2001. Its customer base ranges across a variety of industries, including HVAC, power, automotive, refining, petrochemical, governmental, and pharmaceutical.