Tuesday, 20 August 2019 04:21 GMT

GelTech Wins Federal Nod, Shares Take Flight

(MENAFN - Baystreet.ca) It's been a wild, last few sessions on stocks indexes, and it's understandable that much of the market is catching its breath.

One firm that is not waiting is Jupiter, Fla.-based GelTech Solutions' Fire Services Division (OTC:GLTC), a leader in innovative, environmentally-friendly firefighting agents. On Tuesday, GLTC announced a new product for wildland firefighting,

FireIce High Visibility Blue Medium-Term Retardant Gel has achieved administrative approval from the United States Forest Service (USFS), under Qualified Products List (QPL) specification 5100-306b. It is the first product to receive administrative approval under the newly revised, more challenging requirements of the specification. This listing qualifies FireIce HVB-Fx to be utilized on all federal lands.

While a typical wildfire will burn at 2800°F, FireIce Medium Term Retardant (MTR) Gels have been proven to remain effective up to 5,000°F. FireIce MTR gels are used in wildland fire for direct attack, line building, and structure protection.

Meantime, the stock remained on fire, jumping three cents, or 18.8%, to 19 cents, on volume of nearly 75,000 shares.


GelTech Wins Federal Nod, Shares Take Flight

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