Oct. 19, 2005: PowerCold, DuPont Establish Agreement For Plastic Tubing For HVAC
SAN ANTONIO - PowerCold Corp. has announced a long-term business relationship with E.I. du Pont de Nemours and Company for the exclusive purchase and use of Caltrel® plastic tubing in the HVAC field for fluid coolers and fan coil heat exchangers. DuPont also granted an exclusive license for use of the DuPont Caltrel trademark.
For a period of five years, PowerCold has the exclusive right to purchase Caltrel material for use in fluid coolers and fan coil heat exchangers for HVAC applications. For a period of at least two years, DuPont will sell and deliver, and PowerCold will purchase and accept from DuPont, Caltrel plastic tubing. PowerCold has the first option to purchase the DuPont production equipment to produce Caltrel tubing, and agrees to purchase resins required for the production of the tubing solely from DuPont.