Cool Technologies Inc (WARM)

[kayak_wench]

Finally, meaningful news!!
http://finance.yahoo.com/news/cool-technologies-signs-agreement-principle-121200793.html

Craftsman industries (creator of the Oscar Mayer Wienermobile, but more importantly simulation trucks (you know the ones you go into and simulate driving a race car, flying a jet) is a successful well respected company. They have extensive engineering capabilities and equipment. They are not a tiny like ESSCO this is a meaningful partnership who can bring much needed resources to the table. It looks like rather than asking for a large chunk of shares to market and distribute the technology they are likely asking for a cut of the profits (much better for we shareholders who have faced and continue to face dilution). It also sounds they will be providing engineering expertise (hopefully free) to finish up the design, plus they will probably pay marketing costs. They will not produce a tiny handheld video of the startup shut down (which BTW I very much appreciated and enjoyed seeing!!), theirs will be of high quality.

We do need the technology to pass their two month vetting process. It sounds like a good fit so if there find issues, I believe there is a good chance they will choose to resolve them rather than bail. I can't see how their could be a show stopper given everything is off the shelf at this point (meaning they are not using their heat pipe cooling technology in the equipment yet).