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Last $0.30 USD
Change Today 0.00 / 0.00%
Volume 8.5K
WARM On Other Exchanges
Symbol
Exchange
OTC US
As of 10:24 AM 02/9/16 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
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Company Description

Contact Info

8875 Hidden River Parkway

Suite 300

Tampa, FL 33637

United States

Phone: 813-975-7467

Fax:

Cool Technologies, Inc. develops and focuses to commercialize dispersion technologies in various product platforms. The company has developed and intends to commercialize an electric load assist (ELA) technology around which the company has designed a vehicle retrofit system. In preparation, it has applied for trademarks for one of its technologies and its acronym. The company has two trademarks in the application process, HPEV and TEHPC. The markets for products utilizing the company’s technology include consumer, industrial and military markets, both in the U.S. and internationally. The company’s initial target markets include those involved in moving materials and moving people, such as motors/generators; mobile auxiliary power; compressors; turbines (wind and micro); bearings; electric vehicles, such as rail, off-highway, mining, delivery, and refuse; brakes/rotors/calipers; pumps/fans; passenger vehicles, such as auto, bus, train, and aircraft; commercial vehicles, such as SUV, light truck, tram, and bucket truck; military, such as boats, humvee, truck, and aircraft; and marine, such as boats ranging in size from 30 feet to 120 feet and beyond. Technologies The company’s technologies are divided into three complementary categories, such as heat dispersion technology, mobile electric power and ELA. Heat Dispersion Technology The company’s patent portfolio covers the application and integration of its heat pipes into various cooling schemes for enhanced heat removal in motors, generators, and various other industrial applications, including marine, aviation, and military. Mobile Power Generation The company has a proprietary gearing system for its ELA, which might also be used to power an on-board generator, eliminating the need for some commercial vehicles to tow a mobile generator to a work site. The company intends to offer an on-board generator installation kit as a stand-alone (Mobile Generator) and as part of a hybrid conversion (Ultimate Work Truck). The company expects to introduce 25 kilowatts (kW) mobile generators early in the middle of 2015 and a 50kW later in 2015. The company’s revenue model for the mobile electric power generation is to rely on either direct sales or indirect sales through a network of distributors. The company intends to begin to generate revenues from its mobile electric power technology business in the second half of 2015. ELA Technology The company has also developed proprietary ELA technology. The technology is the centerpiece of the company’s vehicle retrofit system (separate and apart from its heat pipe technology and heat dispersion product development partnerships), which also relies on the benefits of heat removal by composite heat structures and heat pipe architecture, and is protected by patents and patents-pending. The company’s ELA technology is compatible with any manufacturer and any power source, including traditional gasoline/diesel engines, compressed natural gas, batteries and fuel cells. The company’s technology would have a range of marine, aviation, industrial and military applications. Initially, the company intends to implement a version of its ELA system technology for on-board mobile auxiliary power, which the company anticipates would generate revenue from transport companies and other businesses, which own and/or manage fleets of Class 2, 3, 4 and 6 or light to medium-duty trucks. Suppliers The company’s primary supplier for mobile power would be Inverom Corporation. They would supply the software to integrate the vehicle’s controls with the company’s mobile generators. For castings, the initial supplier would be GearTech Heavy Duty, LLC. Production level quantities would be handled by Morse, a brand manufactured by Emerson Industrial Automation, a division of Emerson Electric Company. The generators would be supplied by Emerson Electric Company with a backup of General Electric Company. For the thermal technology applications in electric motors, Thermacore, Inc. would supply the heat pipes and mechanical structure, which combine to make the heat exchangers. For dry pit submersibles, the wound stator and the rotor-shaft would be purchased from Nidec Motor Corporation or General Electric Company. The castings would be purchased from the Quality Castings Company, located in Orville, Ohio. These components would then be assembled and tested by Consulting Point, Inc. located in Brownsville, Texas. Intellectual Property As of March 20, 2015, the company had five patents and seven patent applications pending in the area of composite heat structures, motors, and related structures, heat pipe architecture, applications (commonly referred to as ‘thermal’ or ‘heat dispersion technology’) and a parallel vehicle power platform. Government and Industry Regulation The company’s products have been designed to comply with Environmental Protection Agency emission standards. Research and Development During 2014, the company incurred research and development costs of $1,518,807. History The company was formerly known as HPEV, Inc. and changed its name to Cool Technologies, Inc. in August 2015.

 

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