In addition to the initial investment, GWT will receive professional services from Stratton Holdings’ headquarters in San Jose, California, to support the research and development of new technologies for ballast water treatment.
Ballast water treatment is of particular concern to provincial economies of the Great Lakes, where new regulations in 2012 may impact the St Lawrence Seaway and the investment is validation of GWT’s approach to identify new technologies and develop opportunities in those areas.
Global Water Technologies chairman and CEO Erik Hromadka said that ballast water treatment and new regulations to control the invasive species that are unintentionally transported by international shipping are important issues for the next decade.
