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.
SOURCE SUTIMCo International, Inc.