Orders Outstanding Reach 258 Units (Tampa, FL: December 13, 2017) Cool Technologies, Inc. (OTCQB:WARM), an innovator in efficient mobile power generation and thermal dispersion technologies, announced today that it has received a purchase commitment for Mobile Generation (MG) systems from the National Union of Producers in Mexico for the state of Veracruz. Depending on the [...]
There’s been some confusion regarding our recent filing of the S-1A registering the shares underlying the Equity Line of Credit (ELOC) with Bellridge Capital. The ELOC operates according to drawdown notices submitted by CoolTech. We control the timing. We direct Bellridge to buy at the applicable purchase price. Bellridge has no call right. It has [...]
On May 26, 2017, Cool Technologies signed a Strategic Alliance Agreement with Veteran Technology Group (Vet Tech), creators of artificial intelligence software and services. Under the agreement, we will package Vet Tech software with our MG systems where applicable. First a bit of background: Artificial Intelligence enables machines to sense, comprehend, act and learn. So? [...]
Surge of Interest Forced Upgrade of Software & Controls (Tampa, FL, August 15th, 2017) A surge of interest from a number of diverse industries caused Cool Technologies, Inc. (OTCQB: WARM) to accelerate the planned upgrade of its Mobile Power Generation (MG) system’s controller code to ensure maximum adaptability and sell-through. The software was rewritten to [...]
Whenever a country adds renewable energy to its power generation mix there are growing pains: brownouts, blackouts, or even rolling blackouts. One reason: the average wind turbine rotates fast enough to produce energy about a third of the time, and solar cells are similarly impacted by cloudy conditions. Intermittent energy is a problem because power [...]
The past quarter exceeded our expectations. Here are some highlights: Sales/Revenue Market validation and momentum through sales to Craftsman Industries Pipeline/Business Development US Military, global conglomerates, truck manufacturers, up-fitters and dealerships, disaster relief providers Patents Another international patent secured Another first-of-a-kind patent applied for Read more. The new shareholder letter recapping the 2nd quarter can [...]
2nd Quarter Recap The past quarter exceeded our expectations. Here are some highlights: Sales/Revenue Market validation and momentum through sales to Craftsman Industries Pipeline/Business Development US Military, global conglomerates, truck manufacturers, up-fitters and dealerships, disaster relief providers Patents Another international patent secured Another first-of-a-kind patent applied for Mobile Generation Sales On April 27th, Cool Technologies [...]
The MG System now has positive response and active interest from: Global Conglomerates Truck Manufacturers Dealerships Disaster relief providers US Military None of the companies that have seen the technology in action have rejected it. No one has said “no”. Each has different needs and different applications … from mobile back-up power to electric vehicle [...]
David Gerrard to Lead Commercialization of MG System for the Work Truck Industry (Tampa, FL: June 19, 2017) Cool Technologies, Inc. (OTCQB: WARM) (“CoolTech”), an innovator and intellectual property company in mobile power generation and heat removal technologies, announced that David Gerrard has agreed to open doors and help secure orders for the company’s Mobile [...]
Companies to Work in Tandem to Identify and Close Business Opportunities (Tampa, FL, June 6, 2017) Cool Technologies, Inc. (OTCQB: WARM) (“Cool Tech”), an innovator in mobile power generation and heat removal technologies, announced today that it has executed a Strategic Alliance Agreement with Veteran Technology Group LLC (“Vet Tech”), a developer of artificial intelligence [...]
