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
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| Float: |
3.5 M
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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%.
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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
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