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Company Overview

GelTech Solutions (OTCBB: GLTC)

GelTech Solutions is an early-stage synthetics company that markets and sells three polymer-based products: RootGel, FireIce, and SkinArmor. RootGel is a moisture preservation solution that has applications in the agricultural industry. FireIce is a patented non-toxic water-based fire suppression product designed to suppress fires involving structures, personal property, and forest wildfires. SkinArmor is a solution that protects users from the effects of intense heat. The Company also has products it intends to market and sell in the future, including IceWear, (a line of garments that cools the body temperature of the person wearing it) and WeatherTech (a hurricane suppression product).

GelTech Solutions, Inc. was founded in 2006 and is based in Jupiter, Florida. Its shares trade on the OTC Bulletin Board under the ticker symbol GLTC.

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Share Statistics

Outstanding: 13.86 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