Cool Technologies Signs Strategic Alliance Agreement with Veteran Technology Group

- June 6th, 2017

Cool Technologies (OTCQB:WARM) has announced that it has executed a Strategic Alliance Agreement with Veteran Technology Group, a developer of artificial intelligence software for advanced troubleshooting of complex systems. As quoted in the press release: The agreement requires each company to identify business opportunities with their respective strategic partners, make referrals and then sell and … Continued

Cool Technologies (OTCQB:WARM) has announced that it has executed a Strategic Alliance Agreement with Veteran Technology Group, a developer of artificial intelligence software for advanced troubleshooting of complex systems.
As quoted in the press release:

The agreement requires each company to identify business opportunities with their respective strategic partners, make referrals and then sell and produce products in tandem or on their own.
Vet Tech has a contract pipeline with the US Army and Marines due to their expertise in software development and AI combined with their previous military service.
Cool Tech’s Mobile Generation (MG) system can improve energy and basing support for both services. It eliminates tow-behind generators, increases transport mobility, retrofits onto existing Class 3 to 8 vehicles, and generates electricity from any on-board power source such as fuel cells. With the No Idle feature, the vehicle engine can be shut off and run on a Panasonic array of solar panels or their under-chassis, battery pack.
“Combining our combat ready software with Cool Tech’s unique MG system is so compelling that it will deliver even more sales for our company and new sales for Cool Tech by delivering a superior, force-multiplying, dynamic product to our warfighters,” said Michael Grimes, Chief Executive Officer of Veteran Technology Group. “It decreases the footprint of current power generation technologies and increases the efficiencies and capabilities of force generation power requirements at the tip of the spear.”
“Cool Tech has validated its MG technology in the market with its recent orders,” said Timothy Hassett, Cool Technology’s Co-Founder and Chief Executive Officer. “Adding Vet Tech Group’s predictive and preventative maintenance software combined with self-teaching and self-learning capability will help turbocharge sales and give a strategic advantage for our product in the multiple verticals our two companies target.”
Each company will receive a portion of profits generated by their respective introductions. After five years, the agreement may be renewed.

Click here to read the full press release.

 

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