SANTA ANA, Calif., July 26, 2011 /PRNewswire/ -- SUTIMCo
International, Inc. (Pink Sheets: SUTI) is pleased to announce that
the Company has expanded its research and development team in
support of the AquaStar Cooling System. The AquaStar Cooling System
was developed at Texas A&M by Dr.
Mark T. Holtzapple.
SUTIMCo has increased its support level by adding two employees
dedicated to bringing the revolutionary AquaStar technology to
market. The Company has signed a joint development agreement with
Absolute Graphic Technologies USA, Inc., a contract engineering and
manufacturing enterprise with an expertise in the design and
manufacture of state of the art temperature controlled fluidic
systems. The two companies have partnered to work
collaboratively on the product development of a high efficiency
water based air conditioning system. The Company expects to have
its working prototype completed in the next several weeks.
AquaStar has a breakthrough technology that enables the
unprecedented use of water as a refrigerant in residential,
light-industrial and commercial air conditioners, replacing the
environmentally hazardous chemical refrigerants. AquaStar air
conditioners provide a natural, environmentally safe and
user-friendly product for residential and business environments.
AquaStar air conditioners exceed environmental regulations; set a
challenging new standard for ultra-efficiency SEER rating, and
deliver a remarkable electricity cost-savings to the consumer.
"We are looking forward to beginning the production of the
AquaStar Cooling System. We are confident that the future sales of
this system will result in a significant revenue increase and
earnings for SUTIMCo International," stated Fred Rogers, Chairman of SUTIMCo International,
Inc.
For more information on SUTIMCo, its portfolio companies, and
University partners, please visit; http://www.suti.com
About SUTIMCo International, Inc.:
SUTIMCo International, Inc. is a holding company, which utilizes
a unique and established platform to launch new technology
enterprises based on world-class university research discoveries.
SUTIMCo International through its wholly owned subsidiary SUTIMCo,
Inc., provides experienced management to early stage companies,
reducing risk and assuring the know-how in launching and growing a
new company. In addition to this skilled management team, SUTIMCo
can avail itself of the encyclopedic, informal knowledge of the
inventor, his experience and his research team.
Safe Harbor: Statements regarding financial matters in this
press release other than historical facts are "forward-looking
statements" within the meaning of section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934, and as
that term is defined in the Private Securities Litigation Reform
Act of 1995. The Company intends that such statements about the
Company's future expectations, including future revenues and
earnings, technology efficacy and all other forward-looking
statements be subject to the safe harbors created thereby. The
Company is a development stage company who continues to be
dependent upon outside capital to sustain its existence. Since
these statements (future operational results and sales) involve
risks and uncertainties and are subject to change at any time, the
Company's actual results may differ materially from expected
results.
SUTIMCo International, Inc.
Investor Relations
407-389-5900
SOURCE SUTIMCo International, Inc.