On June 8, 2021, ECOX executed a licensing settlement (the “Settlement”) giving the Firm unique rights to commercialize PoolCooled™, a local weather management answer that leverages proprietary know-how to chill a house or constructing by taking cool water from an current swimming pool and looping it by means of the prevailing air con system to spice up effectivity on a per-unit energy consumption foundation.
The PoolCooled™ system has since efficiently undergone prototype testing, offering proof of idea within the course of. The Firm subsequently engaged patent attorneys to develop and file a patent utility. Underneath the phrases of the Settlement, together with the unique inventor, the Firm holds joint title protecting all PoolCooled™ know-how in addition to all patents ensuing from the Settlement.
Julia Otey-Raudes, CEO of ECOX, commented on the milestone, saying, “We’re excited to take this essential step as we get nearer to commercializing a know-how with the potential to chop air con power demand for residential and industrial buildings by as much as 65% beneath supreme situations. PoolCooled™ is designed for residential and industrial property house owners keen to attenuate power wants by mobilizing current pool water as a major local weather management useful resource by means of the revolutionary PoolCooled™ system. The PoolCooled™ system has a conveniently small bodily footprint, permitting it to suit simply into current gear areas and pool pump buildings. And we won’t wait to start delivery and putting in this know-how extensively subsequent 12 months.”
Now that the PoolCooled™ patent utility has been filed, ECOX plans to conduct additional prototype checks to optimize the know-how by means of the spring of 2022. Administration believes this timeline will end in a market-ready product by mid-2022, with preliminary gross sales and installations starting as early as Q3 2022, which is able to embrace figuring out licensing alternatives and distribution companions, in addition to advertising and marketing and gross sales investments.
About Eco Innovation Group
Eco Innovation Group was based by Inventors and Enterprise Professionals to assist nurture and catalyze essentially the most progressive and impactful services and products, and to ship these improvements to the world, enhancing the standard of life in our communities and the world round us, whereas delivering worth to our shareholders.
At ECOX, we’re devoted to creating and commercializing profitable merchandise. However we are going to by no means lose sight of the truth that we exist, before everything, to assist individuals and enhance life on the planet all of us share. We take our Social Duty Contract severely in all our endeavors. It’s not solely what we do. It’s who we’re. For extra data, go to www.ecoig.com.
View the Firm’s new video Right here.
FORWARD-LOOKING STATEMENTS: This launch accommodates “forward-looking statements” inside the which means of the secure harbor provisions of the U.S. Personal Securities Litigation Reform Act of 1995. Ahead-looking statements additionally could also be included in different publicly obtainable paperwork issued by the Firm and in oral statements made by our officers and representatives now and again. These forward-looking statements are meant to supply administration’s present expectations or plans for our future working and monetary efficiency, based mostly on assumptions presently believed to be legitimate. They are often recognized by means of phrases resembling “anticipate,” “intend,” “plan,” “aim,” “search,” “imagine,” “venture,” “estimate,” “count on,” “technique,” “future,” “doubtless,” “might,” “ought to,” “would,” “might,” “will” and different phrases of comparable which means in reference to a dialogue of future working or monetary efficiency. Examples of forward-looking statements embrace, amongst others, statements referring to future gross sales, earnings, money flows, outcomes of operations, makes use of of money and different measures of economic efficiency.
As a result of forward-looking statements relate to the longer term, they’re topic to inherent dangers, uncertainties and different elements that will trigger the Firm’s precise outcomes and monetary situation to vary materially from these expressed or implied within the forward-looking statements. Such dangers, uncertainties and different elements embrace, amongst others resembling, however not restricted to financial situations, adjustments within the legal guidelines or laws, demand for services and products of the corporate, the consequences of competitors and different elements that might trigger precise outcomes to vary materially from these projected or represented within the forward-looking statements. Any forward-looking data supplied on this launch ought to be thought-about with these elements in thoughts. We assume no obligation to replace any forward-looking statements contained on this report.
Eco Innovation Group, Inc.
EDM Media, LLC
SOURCE Eco Innovation Group