JUPITER, Fla., Jan. 31, 2011 (GLOBE NEWSWIRE) -- GelTech Solutions, Inc. (OTCBB:GLTC) today announced that GelTech has received certification and approvals that will allow for the marketing and sales of their revolutionary fire suppressant, FireIce, in the Chinese marketplace. This certification will allow FireIce to be used on all types of firefighting operations, from local structure burns to large scale Forestry operations.
Joseph Ingarra, President of GelTech, states, "We are very excited to have received our product certification and sales license for FireIce in China. We have put a tremendous amount of time and effort toward this goal since our visit to Shanghai. Now that FireIce is certified and approved, we expect to resume operations and marketing in China in the very near term. In order to meet the increasing demand for fire safety and prevention, China is making a very strong effort to upgrade their Fire Authorities around the entire country. Geltech's FireIce has demonstrated to the certifying board and approval officials to be both extremely effective and environmentally friendly. We strongly feel the product has the ability to make a substantial impact for Chinese firefighting."
About GelTech Solutions:
GelTech Solutions creates innovative, Earth-friendly, cost-effective products that help industry, agriculture, and the general public accomplish environmental and safety goals, such as water conservation and the protection of lives, homes, and property from fires.
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.
Forward Looking Statements
This press release contains forward-looking statements including expectations regarding resuming operations and marketing in the very near term and the ability to make a substantial impact for Chinese firefighting. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods.
Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual 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 commitment and success of our Chinese distributor and acceptance of FireIce by individual firefighting departments in China as well as other authorities.
Further information on the company's risk factors is contained in its filings with the Securities and Exchange Commission, including the Company's Prospectus dated November 29, 2010. 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.
For more information on GelTech, please visit: http://www.GelTechSolutions.com
To learn more about FireIce, please visit:
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CONTACT: Ross DiMaggio DRC Partners, LLC (609) 718-0777