Global Motorcycle Industry First Target for License
TAMPA, Fla., April 03, 2017 (GLOBE NEWSWIRE) — Cool Technologies, Inc. (OTCQB:WARM), an innovator in mobile power generation, energy efficiency, and heat removal technologies, has been awarded another international patent for heat pipe cooled wet rotating disc engagement systems, more commonly known as wet clutches or wet disc brakes. They’re referred to as “wet” because they’re bathed in engine oil.
While the patent technology should increase efficiency, product lifecycle and power transmission capability for applications such as crane and hoist clutches, heavy machine tool drives, automobiles, trucks, tractors and racing vehicles, the motorcycle industry will be the initial target.
“All of our patents have a number of applications. The greater the potential revenues, the lower the fruit hangs,” said Tim Hassett. “Using conservative industry estimates, over 300 motorcycle manufacturers worldwide sell 100 million units in a global market worth 100 billion dollars. The vast majority rely on wet clutch multi-plate packs and that includes electrics.”
Heavy usage can raise plate temperatures to critical levels which can destroy the oil film separating them, deform the plates and degrade the plate surfaces.
CoolTech’s heat pipe technology can be incorporated within the plates and rapidly transfer heat to the surrounding oil before the temperature reaches critical levels. The result: increased capability to transmit more power from the application and longer clutch life.
“This PTC patent has been applied for in key countries of manufacturing, import and export where global players like Harley Davidson, Kawasaki, Suzuki, and Honda dominate the market. It’s a situation that fits our license and royalty model perfectly,” added Mr. Hassett. “The great thing about patent licenses is they’re like corporate annuities. They can pay off year after year for the life of the patent.”
Additional information on the technology and its potential can be found on the company’s blog (http://cooltechnologiesinc.com/category/blog/) later in the week.
About Cool Technologies, Inc.
Cool Technologies is an intellectual property and product development company commercializing patented thermal dispersion technology across multiple platforms. The Company has additional patents-pending for various OEM applications of its proprietary heat removal technologies. Tested and validated by two third parties, ESSCO Pumps and Nidec Corporation, 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.