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Mexican Government Passes Clean Energy Bill That Helps Fund Purchases Of Cool Technologies’ Mobile Generation Systems
Mexican Government Passes Clean Energy Bill That Helps Fund Purchases Of Cool Technologies’ Mobile Generation Systems.
About this update from Cool Technologies, Inc.
[{"type":"text","content":"\nTAMPA, Fla., June 04, 2019 (GLOBE NEWSWIRE) -- Cool Technologies, Inc. (OTCQB: WARM), an innovator in efficient mobile electric power generation and power enhancement technologies for motors and generators, announced today that the Mexican government has passed a federal bill (fraction XV to Article 5o of the Law of Livestock Organization) into law that will allow Mexican entities such as farmers, fisherman, ranchers and other industries to receive financial assistance from the government for 37% of the total acquisition price of all CoolTech’s Mobile Generation (MG) systems and optional products.  Financing for the balance of the cost is expected to come from other governmental agencies.\n The new law was championed in the Mexican congress by Congressman Efraín Rocha Vega who is Secretary of the Commission of Development and Rural, Agricultural and Food Self-sufficiency Conservation, a member of the commission of Livestock and the commission of Environment, Sustainability, Climate Change and Natural Resources.  Congressman Rocha has announced that in 2020, the Mexican Government will also support a Cool Technologies Center of Excellence to help integrate CoolTech’s entire green energy platform into other areas of the Mexican economy. The government also intends to explore the use of MGs for disaster relief in the aftermath of earthquakes and hurricanes. On May 13th, 2019, CoolTech hosted Congressman Rocha, a delegation of fruit growers and other agricultural interests in St. Louis to demonstrate the Company‘s technology and another clean energy solution. Subsequent to the event, in an official Congressional Letter of Support, dated May 20th, 2019, Congressman Rocha wrote: “The successful demonstration of these technologies further strengthens the Mexican Government’s support of Mexican entities that desire to purchase CoolTech and KILO products, as well as affirms our position to provide financial assistance to such entities.”  The letter can be viewed in its entirety at http://www.cooltechnologiesinc.com/content/pdf/MexicanLegislationandFinancialAssistanceLetter.pdf. “The MG technology will help Mexican farmers and fruit growers dramatically improve crop yields because it will bring clean, dependable electric power to the fields and groves to run irrigation system...