GelTech Solutions Launches ChargeSafe(TM) – To Reduce the Risk of Smartphone Battery Fires During Charging
GelTech Provides 2016 Review and 2017 Forecast
JUPITER, FL--(Marketwired - November 16, 2016)
GelTech Solutions, Inc. (GLTC)
An innovator in the use of environmentally-friendly polymers for fire suppression and prevention, announced today its lightweight and portable ChargeSafe™case, designed to protect smartphone users and their environment from the risk of lithium-ion battery fires while storing or charging, was awarded PC Magazine's "Editor's Choice."
Michael Reger, president of GelTech, stated "ChargeSafe™ is the latest addition to our unique and proprietary FireIce Shield® family of products designed to stop and prevent the proliferation of fires before they happen. While the probability of any one phone catching fire is small, the sheer number of users carrying mobile devices with lithium batteries only increases the risk of these events continuing to occur. As our first product for the consumer market, the ChargeSafe™ case will deliver peace of mind to millions of smartphone users."
We are especially pleased that PC Magazine gave ChargeSafe™ an "Excellent" 4.5-star rating and awarded its prestigious "Editor's Choice" for its extraordinary capabilities," he added.
ChargeSafe™ is a one-of-a kind solution with wide market potential that, in addition to the consumer market, addresses a number of other growing risks, including:
- High occupancy environments such as airplanes, hotels and dormitories, where the potential for damage to life and property from a lithium battery fire is magnified; and
- The rapidly increasing number of smartphones handed down or resold in secondary markets that continue to be charged well beyond the manufacturers' recommended life cycles for these devices.
Powered by FireIce Shield®, an advanced, proprietary fire suppressant capable of extinguishing metal and other fires up to 10,000ºF, the ChargeSafe™ case protects the smartphone owner, and his or her environment, by isolating the device while charging, storing or transporting. When a faulty or damaged battery overheats, the ChargeSafe™ case releases FireIce Shield stored in the lining to suppress the fire.
Although most lithium-ion batteries are safe, a fire can occur when batteries are not manufactured properly or are damaged from physical impact. Even with no visible physical damage, a lithium battery fire can ignite and quickly accelerate. ChargeSafe™ helps ensure devices powered by lithium-ion batteries do not cause a catastrophic explosion or fire.
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-corrosive polymer that when hydrated produces a water-based suppressant to extinguish fires and a retardant to protect assets and property; Soil2O Dust Control 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 on GelTech, please visit www.geltechsolutions.com
For more information about the ChargeSafe case, please visit www.ChargeSafecase.com
For more information about GelTech, please visit www.GelTechSolutions.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements including statements regarding the market potential for the product, expected availability of the product and the expected launch date. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. Forward-looking statements are based on our current expectations and assumptions regarding our business 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 the failure to receive material orders, our failure to receive or the potential delay of anticipated orders, failure to receive acceptance of ChargeSafe™, competition and delays in manufacturing. Further information on our risk factors is contained in our filings with the SEC, including the Form 10-K for the year ended December 31, 2015. Any forward-looking statement made by us in this presentation 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.