INDIANAPOLIS AND NEW YORK CITY, September 22, 2025 — Global Water
Technologies (OTC: GWTR) has been selected as a Qualified Team in XPRIZE
Water Scarcity, an international competition seeking to improve
widespread access to clean water by creating reliable, sustainable and
affordable seawater desalination solutions. XPRIZE made the announcement
today during the kickoff of Climate Week NYC in New York City.
The company was selected as one of 93 teams reimagining system-level
innovation from among a pool of 674 pre-registered teams from 86
countries. These Track A teams will compete in the next stage of the
$119 million prize competition that is being sponsored by the Mohamed
bin Zayed Water Initiative, which is dedicated to raising awareness of
water scarcity and accelerating the development and deployment of
sustainable technological solutions.
"We are honored to be included in this important challenge and look
forward to advancing a compelling solution with our partners, investors
and supporters," said Erik Hromadka, CEO of Global Water Technologies.
The company has assembled a team of international experts and strategic
partners for the competition.
The next stage of XPRIZE Water Scarcity includes prototype testing
for teams designing systems that will be completed by the end of 2025
and then independent judges will select those moving forward in the
multi-year competition.
Global Water Technologies plans to conduct testing in Indianapolis,
Indiana, where it is part of a dynamic entrepreneurial ecosystem and
technology community. The company will be announcing additional
information on its proposed solution, partners, sponsors and investment
opportunities.
More information about XPRIZE Water Scarcity is available at
xprize.org/water.
More information about Global Water Technologies is available at
gwtr.com.
FORWARD-LOOKING STATEMENT:
Statements in this press release relating to plans, strategies,
economic performance and trends, projections of results of specific
activities or investments, and other statements that are not
descriptions of historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking information is
inherently subject to risks and uncertainties, and actual results could
differ materially from those currently anticipated due to a number of
factors, which include, but are not limited to, risk factors inherent in
doing business. Forward-looking statements may be identified by terms
such as "may," "will," "should," "could," "expects," "plans," "intends,"
"anticipates," "believes," "estimates," "predicts," "forecasts,"
"potential," or "continue," or similar terms or the negative of these
terms. Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future
results, levels of activity, performance or achievements. The company
has no obligation to update these forward-looking statements.