The ironically-named Cool Technologies (OTCQB:WARM) came out with hot news on Thursday. The Tampa-based mobile power generation technology company let folks know that it has begun the production cycle with its OEM and vehicle upfitting partners to fulfill current orders and provide additional test vehicles to potential customers.
The company enthused that orders have been placed for production of 80 and 125 kVA mobile power generation systems. Upfitters have begun manufacturing planning and units are expected to be delivered this December and into next year’s first quarter.
According to Chief Financial Officer Quentin Ponder, “This is the first step toward full production and continuous order fulfillment. We are ramping up with our OEM and other key supply chain partners to fulfill current and expected orders beginning later this year.”
Cool concludes by saying the initial production units will be delivered to customers throughout the Americas. As production and order flow increases, more manufacturing partners will be added throughout North America.
The stock was enough to "warm" the hearts of investors, who bid up its price $0.0094, or 30.7%, to $0.04, on volume towering over 785,000 shares.
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