JUPITER, Fla., June 21, 2010 (GLOBE NEWSWIRE) -- GelTech Solutions, Inc. (OTCBB:GLTC) today announced that its product, FireIce, has continued to perform well in further tests conducted under U.S. Forest Service Specification 5100-306a.
The U.S. Forest Service specification 5100-306a is the testing procedure for 'water enhancers' to be used in wildland and wildland-urban interface fire management. They may be applied from ground or aerial application equipment, directly to the fire area to slow or stop combustion, and for exposure protection.
Michael Cordani, CEO of GelTech Solutions stated, "FireIce continues to perform as we have expected all along. Gaining the United States Forest Service 'stamp of approval' would be a big inflection point for FireIce and our Company. Being listed on the Forest Service 'QPL' would give us the ability to assist with large scale wildfires in the United States, and around the world. We believe that FireIce is going to be a valuable tool for putting out wildfires."
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.
For more information on FireIce, please visit: www.fireice.com
About The U.S. Forest Service:
Established in 1905, the Forest Service is an agency of the U.S. Department of Agriculture. The Forest Service manages public lands in national forests and grasslands. Gifford Pinchot, the first Chief of the Forest Service, summed up the mission of the Forest Service – "to provide the greatest amount of good for the greatest amount of people in the long run." National forests and grasslands encompass 193 million acres of land, which is an area equivalent to the size of Texas.
Forward Looking Statements
This press release contains forward-looking statements including continued progress with U.S. Forest Service Listing and our belief that FireIce® is going to be a valuable tool in putting out wildfires. 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 global and domestic economic conditions, budgetary pressures facing state and local governments, and the failure to be listed by the U.S. Forest Service.
Further information on the company's risk factors is contained in its filings with the Securities and Exchange Commission, including the Company's Form 10-K for the year ended June 30, 2009. 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.