CoolCan Technologies Inc. - Reports Progress On Its Self-Chilling Beverage Container Technology.Business Editors CALABASAS, Calif.--(BUSINESS WIRE)--March 1, 2001 CoolCan Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CCTI CCTI Climate Change Technology Initiative CCTI Composite Can Tube Institute CCTI Chairman of the Joint Chiefs of Staff commended training issue (US DoD) CCTI Control Center Technology Interchange CCTI Chief's Call To Initiation ) is pleased to announce that the company has completed its Phase I engineering program and has concluded the first half of its Phase II engineering program. Phase I elements included prototype drawings on AutoCAD as derived from the patent, prototype cost estimates, production cost estimates and test plan draft. The company also received initial blue prints from Total Technical Services regarding the additional equipment required to place the chilling insert into cans. Phase II elements to date included production specifications with tolerances, optimization evaluation of design concept and an in-depth thermal analysis Thermal analysis is a branch of materials science where the properties of materials are studied as they change with temperature. Techniques include:
The company has initiated a cartridge study in order to develop specifications and costs for a " custom " cartridge for its CoolCan application. In addition, the company has begun a prototype fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. program to develop working samples to test and report findings of the design concept and provide additional cost estimates for high volume production. "We are extremely pleased with the engineering progress made to date and have initiated the development of a strategic plan that will allow for maximum exposure of both the product and licensing opportunities domestically and internationally," said Mr. Bruce Leitch, President of CoolCan Technologies Inc. The company has already received several inquires regarding licensing of the INSTACOOL(TM) product. CoolCan Technologies Inc. is the owner of a unique proprietary patented technology, INSTACOOL(TM), which may be utilized with any aluminum container for soft drinks, beer, juice or water and which chills the beverage quickly when opened by the consumer. For more information please visit the company web site at www.coolcantech.com or telephone toll free Mr. Bruce Leitch, President, investor relations Investor relations The process by which the corporation communicates with its investors. at 866-266-5226 (866-CoolCan). Certain matters discussed in this Press Release may constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and, as such, may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Reader are cautioned not to place undue reliance on the forward-looking statements made in this Press Release. 4505 Las Virgenes Road, Suite 206, Calabasas, CA 91302 |
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