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Alltemp, Inc. (LTMP) Refrigerant delivers Significant Energy Savings from first Installations in India; Partnership Agreement with Vikasa Holdings designed to accelerate Market Penetration
Alltemp, Inc. (LTMP) Refrigerant delivers Significant Energy Savings from first Installations in India; Partnership Agreement with Vikasa Holdings designed to accelerate Market Penetration.
About this update from Totaligent Inc.
[{"type":"text","content":"WESTLAKE VILLAGE, CA / ACCESSWIRE / August 20, 2019 / Alltemp, Inc. (OTC PINK:LTMP), a manufacturer of proprietary, environment-friendly refrigerants designed to deliver significant energy and financial savings, announces the successful results of its first trial tests in India and a critical Partnership Agreement with Vikasa Holdings to accelerate market penetration. The tests, using Alltemp’s drop-in refrigerant technology, were carried out at the Gujarat manufacturing plants of Zydus Cadila, a leading Indian pharmaceutical company. At the Zydus Cadila plant in Vadodara, Gujarat, Alltemp’s proprietary refrigerant delivered significant savings on two separate installations. On a package HVAC system, Zydus has documented sustained energy savings of 23% over the past year. On the second installation in a brine chiller unit, alltemp® refrigerant delivered even greater energy savings ranging from 28% to 40% across different process payload temperatures.Alltemp, Inc. CEO Bill Lopshire expressed enthusiasm over the introduction of the Company’s sustainable refrigerant technology into the large Indian market. Lopshire stated, “We are excited to have begun a relationship with companies like Zydus Cadila and especially to help them become greener while also delivering savings for their bottom line. This is just the beginning of what I’m confident will be a long journey in this exciting market.”The installations were facilitated though a Partnership Agreement with Vikasa Holdings, a U.S. company dedicated to investing in cutting-edge ‘distributed infrastructure’ technologies that can be deployed in India and other large emerging markets.Anil Kakani of Vikasa Holdings noted, “We are constantly evaluating innovative, highly scalable solutions that can transform essential business verticals.” He added, “Based on the results we’ve already seen from our pilot tests in India, Alltemp’s refrigerants will be a game changer for this massive industry. We are ready to scale Alltemp’s place in India, and to deliver huge energy savings for our customers in India as well as other emerging markets.”On May 15, 2019, an updated research report issued by ResearchandMarkets.com noted that, “the India HVAC market is expected to attain a size of $5.9 billion by 2024, progressing at a CAGR of 7% during the forecast period (2019-2024). The major factors drivin...