JUPITER, Fla., Dec. 6, 2011 (GLOBE NEWSWIRE) -- GelTech Solutions, Inc. (OTCBB:GLTC), creators of FireIce, a revolutionary water enhancing fire suppressant that has the potential to change current firefighting techniques globally, today is announcing the listing of FireIce on the Australian and New Zealand Qualified Products List and signing of IMCD Group B.V. (IMCD) to be the master distributor of FireIce for Australia and New Zealand.
The Australasian Fire and Emergency Service Authority Council (AFAC) in conjunction with the Department of Sustainability and Environment (DSE) has listed FireIce on its Qualified Products List (QPL) which will allow first responder agencies to purchase and use FireIce for combating fires in their respective regions. AFAC was established in 1993 and has 30,000 career workers and over 200,000 volunteers. AFAC's membership is derived from organizations that are responsible for the delivery of land management, community safety, emergency services or emergency support services.
GelTech Solutions has entered into a distribution agreement with IMCD, a leading company in sales, marketing and distribution of food ingredients and specialty chemicals. IMCD is headquartered in Rotterdam, The Netherlands, has annual revenues of €1 billion and employs over 1000 professionals in 35 countries. For the five-year term of the agreement, IMCD will be the exclusive distributor of FireIce in Australia and New Zealand, subject to meeting defined annual product purchase minimums.
Joseph Ingarra, president, GelTech Solutions, stated, "Our agreement with IMCD is the culmination of over 18 months of work by both companies. We are fortunate to be working with a group such as IMCD and feel their resources and contacts will have a very positive impact on the rollout of FireIce in Australia and New Zealand. IMCD has already established sales agents in each of the major states of Australia. We recently completed product introductions and training on the use of FireIce to the major fire service agencies in the country, which include: Victorian Country Fire Authority (CFA), Melbourne Metropolitan Fire Brigade (MFB), New South Wales Rural Fire Service (NSWRFS), as well as AFAC and the DSE."
Steve Egan, general manager IMCD Australia – Performance Products Division, stated "The distribution agreement with GelTech allows IMCD to introduce the most effective and eco-friendly alternative to other fire suppressant products used today. In addition, we will be able to offer home owners the opportunity to use the FireIce HDU unit to assist in protecting their homes and property. For our firefighters, FireIce is a non toxic, non corrosive product which is available now, thus improving the Occupational Health & Safety aspect of their work place."
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.
About IMCD Group
IMCD Group B.V. is a leading company in sales, marketing and distribution of specialty chemicals and food ingredients. With a network of offices and warehouses located in Europe, Asia-Pacific and Africa, IMCD provides its partners with optimum tailored solutions for multi-territory distribution management. Headquartered in Rotterdam, The Netherlands, IMCD has a turnover of €1 billion and employs 1000 professionals in 35 countries who provide best in class expertise for major global producers.
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements including the positive impact IMCD will have on our rollout in Australia and New Zealand. Forward-looking statements can also be identified by words such as "targets," "expects," "believes," "anticipates," "intends," "may," "will," "plan," "continue," "forecast," "remains," "would," "should," and similar expressions. Forward-looking statements are based on current expectations, are not guarantees of future performance and involve assumptions, risks, and uncertainties. Actual performance and 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 acceptance and use of FireIce by consumers, first responders and governmental agencies.
Further information on our risk factors is contained in our filings with the Securities and Exchange Commission, including the Form 10-K for the year-ended June 30, 2011. 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.
For more information about IMCD Group, please visit http://www.imcdgroup.com
For more information on GelTech, please visit: www.globenewswire.com/newsroom/ctr%3Fd=200732%26l=9%26a=http%253A%252F%252Fwww.GelTechSolutions.com%26u=http%253A%252F%252Fus.lrd.yahoo.com%252F_ylt%253DAuHOGp0ePm4FQhUDb0hXLJuliRkC%252FSIG%253D1150v51h1%252F%252A%252Ahttp%25253A%252Fwww.GelTechSolutions.com%252F">http://www.GelTechSolutions.com
To learn more about FireIce, please visit: http://www.fireice.com/">www.fireice.com
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