AquaCell Technologies, Inc. (Other OTC:AQUA.PK) has signed a Letter of Intent to acquire GPM, Inc., manufacturer and patent owner of the world’s only stand-alone solar powered air conditioner, marketed under the name SolCool(TM).
The SolCool air conditioner uses less than 25% of the power of traditional air conditioners of the same size and can be run with only two photovoltaic panels, freeing the user from the electric utility grid.
The current SolCool air conditioner, which is the fourth generation, provides 1.5 tons/18,000 BTUs of cooling from solar and is eligible for state and federal energy rebates. It is the only climate control equipment in the world that uses direct, renewable DC input to power its internal 24-volt operating system. Previous versions of have been purchased by the US military, corporations and international real estate developers.
Roger Pruitt, inventor of the SolCool air conditioner and President of GPM said, “The move from prototype model to an affordable assembly-line product has been a huge step for us in our development. The pace at which the market for our product has grown over even the past few weeks has far outstripped the capacity of our privately held company to effectively meet this demand.”
About AquaCell Technologies, Inc.
AquaCell Technologies, Inc. is based in Rancho Cucamonga, CA. Historically, its AquaCell Media, Inc. subsidiary installed its patented self-filling Aquacell 1000 Bottled Water Cooler Systems free of charge into various locations, generating revenue through the sale of advertising. AquaCell’s direction will now be focused on the acquisition and growth of GPM and other similarly related businesses in the renewable/alterative energy space.
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