PowerCold Announces Over $1 Million In New Hotel HVAC System Sales
LA VERNIA, Texas, Mar 18, 2002 /PRNewswire-FirstCall via COMTEX/ -- PowerCold
Corporation, (OTC Bulletin Board: PWCL) today announced new design contracts and
projects for its patented Ultimate Comfort Systems hotel heating, ventilating
and air conditioning (HVAC) system. The recent contracts reflect a growing
demand for its energy efficient products.
The company has design contracts and agreements to commence work on several new
systems for hotels in Montana, Colorado, Wisconsin, Wyoming and London, England.
The total value of these new systems is over $1,000,000. Additionally Ultimate
Comfort Systems has in process design and equipment bids over $5,000,000 for
projects in Ohio, Maine, Florida and Texas.
Ultimate Comfort Systems Vice President of Marketing and Sales Bob Yoho said,
"Based upon current pending business, we are highly encouraged about our
prospects in this market. Additionally after our meeting with Hilton personnel
and franchisees Jan 22nd in New Orleans we have had many franchisees contact us
for personal meetings to discuss the design and equipment in newly planned
PowerCold's CEO Frank Simola stated, "We are excited about the new and pending
projects for Ultimate Comfort Systems. These systems include not only Ultimate
Comfort's Integrated Piping System Technology, but also our patented evaporative
cooling technologies, which provide as much as 45% savings in energy costs."
Comparing energy-modeling performance of the Ultimate Comfort System with
through-the-wall position terminal air conditioners (PTACs) shows the PowerCold
technology can save up to 45% of a hotel's total HVAC energy costs. It was also
estimated that the project payback on an incremental installation cost of the
Ultimate Comfort System from the energy savings typically would be less than
The technology has received distinguished recognition in the energy field
including a first place Commercial Buildings Award from the American Society of
Heating Refrigeration and Air Conditioning Engineers (ASHRAE), and the
Department of Energy's "Tomorrow's Energy Today" Award. The technology was also
recognized in the "Hospitality Facilities" category of the 2001 Energy User News
Building Awards. The project being honored saved over 54% in electrical
consumption and 39% in natural gas consumption in its first year of operation
using the Ultimate Comfort System. This was in comparison with the energy
consumption of another building of the same size using through-the-wall position
terminal air conditioners (PTACs).
The innovative aspect of the Ultimate Comfort System is its use of the domestic
hot water lines to distribute the heating for the building and the use of the
fire sprinkler lines to distribute the cooling. Ninety-five percent efficient
hot water heaters and the Nauticon evaporative condenser driven chiller plant
are also used in the system. This Integrated Piping System coupled with the
centralized chiller plant provides a highly energy efficient HVAC system for the
building. The high efficiency evaporative condenser chiller plant is
manufactured by the PowerCold plant in La Vernia Texas.
PowerCold's proprietary Ultimate Comfort System is a heating, ventilation and
air conditioning (HVAC) system for commercial buildings to significantly
decrease maintenance expense and power costs by up to 45% while enhancing
property revenue. PowerCold believes its primary market for this new HVAC
technology is hotels/motels and managed care facilities.
PowerCold markets energy-efficient and environmentally safe equipment to reduce
power costs for heating, air conditioning and refrigeration by up to 45%.
Ultimate Comfort Systems is a wholly owned entity of PowerCold Corporation.
Econ Investor Relations, Inc. -- 888-948-8632
Dawn Van Zant or Connie Linder email@example.com
Ultimate Comfort Systems, Inc. -- Bob Yoho, VP Marketing and Sales at
PowerCold Corporation -- Website www.powercold.com,
Hawk Associates, Inc. -- Frank Hawkins or Julie Marshall, at 305-852-2383.
Website www.##############.com, Email info@##############.com
The statements in this news release contain forward-looking information within
the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve certain risks, assumptions and uncertainties,
including the inability to generate and secure the necessary product sale, or
the lack of acceptance of the company's products by its customers. In each case
actual results may differ materially from such forward-looking statements. The
company does not undertake to publicly update or revise its forward-looking
statements even if experience or future changes make it clear that any projected
results (expressed or modified) will not be realized.
MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X19687354
SOURCE PowerCold Corporation
CONTACT: Investors, Dawn Van Zant or Connie Linder,
firstname.lastname@example.org, both of Econ Investor Relations, Inc.,
+1-888-948-8632; or Bob Yoho, VP Marketing and Sales of Ultimate Comfort
Systems, Inc., +1-727-418-4459; or PowerCold Corporation, email@example.com;
or Frank Hawkins or Julie Marshall, both of Hawk Associates, Inc.,
+1-305-852-2383, or info@##############.com, for PowerCold Corporation
URL: http://www.powercold.com http://www.prnewswire.com
Copyright (C) 2002 PR Newswire. All rights reserved.