LA VERNIA, Texas - PowerCold Corporation announced that it has developed a new fluid cooler in various sizes, incorporating DuPont's Caltrel® engineered polymeric materials, for air conditioning applications. According to the company, the worldwide market for fluid coolers is estimated to be over $500 million.
On May 9, 2003, DuPont Canada Inc., E.I. du Pont de Nemours and Company, and PowerCold Corporation entered into a joint development agreement and a license agreement relating to DuPont Caltrel fluid energy transfer system applications. Pursuant to the terms of the agreement, PowerCold selected fluid coolers as a field for a project application and DuPont has agreed to this selection for an exclusive three-year period.