(Tampa, FL, December 13, 2016) On November 29th, Cool Technologies, Inc. (OTCQB: WARM), an innovator in mobile power generation, energy efficiency, and heat removal technologies achieved another milestone in the preparation for the launch of its Mobile Power Generation (MG) products. Two potential customers attended a live comparison of a Doosan G70 (70 kW) tow behind generator and the Cool Technologies’ MG30 through MG80 (30-80 kW) mobile system.
They witnessed successful power generation by the mobile technology and saw that the 1,000 lb. under chassis system could easily match the power of the 6,000 lb. tow behind.
One customer immediately realized the potential for one of his key markets: ground force military vehicles. His company specifies, sources and fulfills contracts as a Tier 2 supplier to several branches of the US military. The two companies are negotiating an agreement of principal terms to combine their respective technologies to demonstrate and market to the military and to fleet up-fitters. The targets: an installed military vehicle base of over 50,000 units from 30 kW to 60 kW and an existing fleet user base of over 100,000 vehicles.
The other customer has a fleet of just over 100 trucks which idle for extended periods. He was intrigued by the potential of the ‘No Idle’ solution which the company plans to market in the second half of 2017. A ‘No Idle’ MG system could generate power as well as save fuel, reduce noise and eliminate emissions.
“The digital system is 98% done,” said Roman Kuropas, founder and CEO of Inverom, Cool Technologies’ partner responsible for the design, vehicle integration and programming of the software to control the MG system with its touchscreen interfaces. “We’re finishing the final phases in the integration between the test bench, the controller interface and the truck. “
The truck will be ready for a full demonstration of single phase and three phase power in January 2017.
Additional information on Cool Technologies’ recent demonstration of its Mobile Power Generation system can be found on the company’s blog (https://cooltechnologiesinc.com/category/blog/).
About Cool Technologies, Inc.
Cool Technologies is an intellectual property and product development company commercializing patented thermal dispersion technology across multiple platforms. For example, it works with partners such as Emerson Electric and Nidec Motor Corporation to manufacture products utilizing their assets. The Company has additional patents-pending for other OEM applications of its proprietary heat removal technologies. Tested and validated by two third parties, ESSCO Pumps and Nidec, the Company’s cooling system eliminates the need for costly modifications while increasing power output of pumps, fans, compressors, batteries, motors, generators and bearings.
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.
For more information, read the blog at cooltechnologiesinc.com or contact ir@cooltechnologiesinc.com.