Advanced Refrigeration Technologies Common Stock Cleared for Quotation Under Symbol ARGT On NASD OTCBB as of Oct. 28, 1999.LA QUINTA, Calif.--(BUSINESS WIRE)--Nov. 2, 1999-- Advanced Refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. Technologies (ART) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARGT ARGT annual ryegrass toxicity. ) Tuesday announced that common stock has been cleared for a quotation under the symbol ARGT on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Over The Counter Bulletin Board (OTCBB) as of Oct. 28, 1999. ART manufactures and holds the patent to an evaporator fan controller that has been proven to save electricity in walk-in coolers and commercial freezers. This capability has been proven in tests performed by the company under the auspices of the U.S. Department of Energy, and in further testing conducted for the federal government through Lawrence Berkeley National Laboratory Lawrence Berkeley National Laboratory and Lawrence Livermore National Laboratory, scientific research centers run by the Univ. of California, located in Berkeley, Calif., and Livermore, Calif., respectively. . These test results will be provided to any interested investor or potential customer. The company has been in the development stage of operations until March of 1999 when the first of three products was ready to ship. The second product is also in production now, and the third will be available in early 2000. All three models of ART Controllers regulate the speed of the evaporator fan motors in walk-in refrigeration to meet the need of each phase of the refrigeration cycle Refrigeration cycle A sequence of thermodynamic processes whereby heat is withdrawn from a cold body and expelled to a hot body. Theoretical thermodynamic cycles consist of nondissipative and frictionless processes. . These products have applications in fast food restaurants, convenience stores, supermarkets, liquor stores, cafeterias, bars, restaurants, hospitals, nursing homes, prisons, casinos, clubs, schools, military bases, marinas, research facilities, and any other place that contributes to the more than 3 million existing locations that could use these devices. However, in addition to the ART Model 4000's saving of energy, the Model 5000 can monitor critical energy consumption data, and give a warning if this data indicates a maintenance problem. The Model 6000 has all of these features, plus a built-in modem for remote communications with the customer. The company has completed the sale and delivery of ART4000 energy saving devices to the San Diego City Schools San Diego City Schools, also known as the San Diego Unified School District, is the school district of San Diego, California. It was founded in 1854. As of 2005 it represents over 200 institutions and has over 15,800 employees. . The units are being installed in 24 walk-in refrigeration boxes in their cafeterias. The total savings to the school district should exceed $6,000 per year. The cost of the products was approximately $8,000, giving the school district a return on investment of 16 months. This product should have a life of 15 to 20 years, giving the school district total savings of between $90,000 and $120,000 over the life of the product. For further information contact Charles E. McEwan, president, at 530/677-3233. |
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