(Tampa, FL: November 20, 2015) Cool Technologies, Inc. (OTCQB: WARM), an innovator in mobile power generation and heat removal technologies, has partnered with Breitin Capital Management, LLC, a Texas-based company. Breitin will boost Cool Tech’s business development by providing a financing arm as well as a sales channel for the company’s products in the US and Mexico.
Breitin Capital’s team of manufacturing reps will target key players who could realize the benefits from Cool Tech’s Mobile Generation Work Truck or MG. Breitin will acquire customers for Cool Tech and finance their orders. In addition, Cool Technologies will offer Breitin’s financing capabilities to its target customers.
According to Cool Technologies’ CEO, Tim Hassett, a former general manager in the Industrial Systems Division at General Electric, “This business model was highly successful at GE, when Jack Welch ran the company. GE Capital was the financing arm for many internal businesses. It enabled GE units to capture business and orders from new and existing customers for GE products, such as fleet leasing, motors, drive systems, turbines, etc.”
“As we launch our MG products into the market, this relationship provides significant benefits for the individual truck owner, the small business man and small fleet market, both new and used, “added Mr. Hassett. “What’s notable about the small fleet market is that over 85% of fleets in the US consist of 1 to 10 trucks. We are very excited to be able to launch into our target markets with this value added capability.”
About Cool Technologies, Inc.
Cool Technologies, Inc. is an intellectual property and product development company that employs a license and royalty model. The company has expertise in thermal dispersion technologies and their application to various product platforms. The Company is currently commercializing its patented thermal technology and has additional patents-pending for various OEM applications of its proprietary heat removal technologies. The markets that will be addressed by these technologies include myriad industries such as pumps, fans, compressors, batteries, motors, generators and bearings. http://cooltechnologiesinc.com/
Safe Harbor Statement.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on plans and expectations of management and are subject to uncertainties and risks that could affect the company’s plans and expectations, as well as results of operations and financial condition. A listing of risk factors that may affect the company’s business prospects and cause results to differ from those described in the forward-looking statements can be found in company reports and documents filed with the Securities and Exchange Commission. The company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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