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Company Overview

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 of 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.

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Share Statistics

Outstanding: 15.6 M
Float: 3.5 M

Investment Highlights

  • GelTech Solutions is an early-stage synthetics company that markets and sells three polymer-based products: RootGel, FireIce, and SkinArmor.
  • RootGel and FireIce were designed and marketed primarily to lessen the billions of dollars lost every year from droughts and fires. SkinArmor was developed to protect human skin from the effects of intense heat.
  • FireIce, RootGel, and SkinArmor are non-toxic 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.
  • GelTech signed a 5 year distribution agreement for RootGel for a total of $17.13 million over the course of the agreement.
  • GelTech announced that Tennier Industries has agreed to become the exclusive "worldwide" distributor for SkinArmor.
  • GelTech announced that it signed an agreement with Gates International – Safeguard to supply a minimum of $3.2 million of FireIce to the Asian Marketplace.
  • On a sequential quarter-to-quarter basis (Q3 compared to Q2), FireIce and RootGel revenues were up 32,051% and 295% respectively, and total revenues increased by 1,191%.

Company Information

GelTech Solutions
1460 Park Lane South
Suite 1
Jupiter, FL 33458

CEO: Michael Cordani
Employees/Consultants: 14

Issue Type: Common Stock
Sector: Basic Materials
Industry: Chemicals

Management Team

Michael Cordani
Chairman & CEO

Joseph Ingarra
President & COO

Peter Cordani
CTO

Transfer Agent

Transfer Online, Inc.™
Portland, OR

Auditors

Salberg & Co.
Boca Raton, FL

Corporate Counsel

Harris Cramer, LLP
Michael D. Harris
West Palm Beach, FL