Cool Technologies Inc (WARM)

[Tanker12]

So way has Craftsman industries ordered ten units? And if they had why has it not showed up in any of their news letters? Seems like a lot of hopes & dreams! Unfortunately the way this is set up common stock holders have no voting rights and we can not force a change in leadership.

We have not generated any revenues to date. We generated our first Mobile Generation order during the quarter ended June 30, 2014 and received a partial deposit in advance of completing the sale. On June 9, 2017, the Company received a purchase order for 10 MG systems from Craftsmen Industries. We expect the order will be fulfilled in 2019. A 50% down payment will be received from Craftsmen at the time of customer acceptance.



We generated our third and fourth purchase commitments on November 7 and 27, 2017 from Jatropha, Inc and Veracruz Inc, respectively. Jatropha committed to purchase a total of 234 vehicles and Veracruz committed to purchase a minimum of 25 vehicles (maximum of 50 vehicles). An inspection and performance demonstration occurred in early May in Fort Collins, Colorado. The impressions made and connections established should grow into more business orders in 2019. Feedback from initial viewers has resulted in others coming to see the second demonstration in March 2019. A portion of their funding comes from the Mexican government which recently changed administrations in December.



Craftsmen Industries was selected to produce the first systems due to its engineering capabilities and extensive facilities. In January 2019, it began production on the initial vehicles.