GelTech’s Access to Growth Capital Solidified With $10 Million Deal With Lincoln Park Capital Fund, LLC
GelTech Signs Exclusive Agreement with FireIce Solutions
JUPITER, FL / ACCESSWIRE / October 1, 2015 / GelTech Solutions, Inc. (GLTC)
Announces it has been approved for listing on the OTCQB effective October 1, 2015. GelTech's stock will continue to trade under the ticker symbol "GLTC."
"We are pleased to be approved for trading on the OTCQB," stated Michael Hull, GelTech's chief financial officer. "The improved liquidity offered through the OTCQB marketplace will make GelTech's stock more accessible to a wider range of retail and institutional investors."
The OTCQB venture marketplace offers investors transparent trading in entrepreneurial and development stage U.S. and international companies. Recently, the OTC Markets established new eligibility standards for companies to be able to trade on the OTCQB Marketplace. These new standards are aimed at improving information available to investors and providing a better venture stage marketplace for early and developing companies.
Michael Reger, President of GelTech Solutions, stated, "Our agreement with FireIce Solutions is a significant step towards gaining access to the firefighting, police and EMS communities. Our next-generation FireIce fire extinguishers add a tremendously effective firefighting tool to their existing firefighting arsenal, while our FireIce Shield products add potentially life-saving minutes by protecting home and vehicle occupants from fire and by protecting assets in the path of an oncoming fire."
Gerry Kennedy, President of FireIce Solutions, stated, "In preparation for our venture with GelTech Solutions, we've built an extraordinary sales and marketing team, including a number of experienced firefighting professionals along with several highly successful sales executives. To date, we have performed product demonstrations for over 300 firefighters, police officers, college safety officers, and other first responders and have already begun to deliver product to a nationally recognized company specializing in outfitting police cars with these potentially life-saving products. We are thrilled with the opportunity to work with GelTech Solutions to bring FireIce to those on the front lines of fire and rescue," he added.
About GelTech Solutions, Inc.
Founded by inventor and chief technology officer Peter Cordani, GelTech Solutions is a leading provider of innovative, environmentally friendly and cost-effective products that help government agencies, industry, agriculture, and the public achieve goals such as water conservation and protecting lives, homes and property from fires.
GelTech's products include: FireIce, a non-toxic dry polymer that when mixed with water becomes an extremely effective and versatile gel used by wildland and municipal firefighting agencies both as a suppressant to extinguish fires and as a fire retardant to protect assets and property, including biomass and agricultural stockpiles.
FireIce also has the ability to suppress especially challenging manhole, tire, magnesium and other fires in excess of 10,000 degrees Fahrenheit as well as electrical fires of up to 50,000 volts; Soil2O Dust Control and Soil Capare cost effective, polymer-based products used by the construction and mining industries, farmers and local communities to reduce airborne particulate matter with minimal environmental impact;
Soil2O Topical and Soil2O Granular, a line of moisture retention products used in agriculture, commercial landscaping and by homeowners to improve crop, plant and lawn health while reducing water usage by up to 50%; andGT-W14, an advanced absorbency technology used by manufacturers, shippers and auto maintenance facilities to control industrial fluid spills of all sizes, turning liquids into solid waste for easier and safer disposal.
For more information about GelTech, please visit: www.geltechsolutions.com
For Investor Relations Questions, please call:
Porter, LeVay & Rose
For media inquiries, please call:
Paul Christle, Director of Media and Communications
About GelTech Solutions, Inc.
Founded by inventor and chief technology officer Peter Cordani, GelTech Solutions is a leading provider of innovative, environmentally friendly and cost-effective products that help government agencies, industry, agriculture and the public achieve goals such as water conservation and protecting lives, homes and property from fires.
GelTech's products include FireIce, an advanced, non-toxic, non-corrosive polymer that when hydrated produces a water-based suppressant to extinguish fires and a retardant to protect assets and property; Soil2O Dust Control and Soil Cap, products that reduce airborne particulate matter with minimal environmental impact; and GT-W14, an advanced absorbency technology to control fluid spills of all sizes, turning liquids into solid waste for easier and safer disposal.
For more information, please visit www.geltechsolutions.com
For investor relations questions, please contact:
Michael Porter Porter, LeVay & Rose (212) 564-4700 email@example.com
For media inquiries, please contact:
Paul Christle GelTech Solutions, Director of Media and Communications (844) FOR-GLTC