MG80 undergoing durability and reliability testing in Colorado. The system underwent a full DFMEA (Design Failure Mode and Effect Analysis) review in early January and passed all critical design, performance, manufacturing and quality control criteria needed to release to production.
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? [...]
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 [...]
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 [...]
Mysterious and interesting ehh? Occasionally we’re not able to publicize the promotional work we do. In that regard, we thought we share a recent press release that never made the wires: Cool Technologies’ mobile power generation (MG) work truck will appear in a parade on May 4th as a support vehicle for one of the [...]
In light of the 10-Q/A that was filed today restating the 10-Q for the 3rd Quarter of 2016, a look back at our most recent 10-K is called for. In Management’s Discussion and Analysis under Recent Developments we noted the following: We determined that as of September 30, 2016, we did not have sufficient authorized [...]
Update 1: Patents We recently announced that we are receiving our Radial Vent Heat Pipe patent. This is very different from when we announced our notice of allowance earlier. Why? The PCT patent applications for the US and Mexico were awarded first time out, without exception. Which is rare. Normally there’s a lot of back [...]
Our press release notes: “Cool Technologies signed an agreement with Craftsmen Industries, a market leader in the design, engineering and production of marketing vehicles and industrial mobile solutions.” “This agreement is mutually beneficial, leveraging the robust synergies between the two companies.” First … what do we mean by ‘synergy’ -- when two companies collaborate for [...]
