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GelTech Solutions (OTCBB: GLTC)
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 powdered fire suppressant used for direct attack against 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.
- GelTech Solutions is an early-stage synthetics company that markets and sells three polymer-based products: Soil2O™, FireIce, and GT-W14.
- Soil2O™ and FireIce were designed and marketed primarily to lessen the billions of dollars lost every year from droughts and fires.
- FireIce, Soil2O™, and GT-W14 are nontoxic and environmentally friendly.
- The economic impact in the United States from droughts is estimated to be as high as $12 billion each year. Structural fires ($10.6 billion), vehicle fires ($1.4 billion) and outside fires including wildfires ($2.6 billion of federal funds) cost in excess of $14.6 billion annually.