WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Alltemp, Inc. (OTCPK: LTMP), a developer of proprietary, environmentally friendly refrigerant technologies, announces today that its newest version of Alltemp M (marketed as Alltemp 5) will provide energy savings at lower temperatures versus competitor products. Additionally, Alltemp refrigerants have the lowest GWP (Global Warming Potential) of any non-flammable refrigerant, a huge advantage as global warming continues to be a major concern.
CEO Bill Lopshire stated, “This new product is a game changer. Alltemp 5 opens the door to a massive and critical part of the refrigerant market, as it allows us to compete in the medium and low temperature racks, in supermarkets and big box stores, as well as walk in coolers and freezers that are typical in restaurants, QSR’s and convenience store environments.”
The combination of verifiable savings, safety, and low GWP is both powerful and unique. Alltemp M (plus upgraded versions Alltemp 4 and 5) were created and manufactured to be a drop in replacement refrigerant for R-22 (Freon), R-404A, R-407A, R-407C and R-507. Due to numerous tests in highly regarded labs and actual prospect client facilities, Alltemp refrigerants have proven, over and over, to lower kWh 10% to 40%, thus allowing Alltemp to market its refrigerants as a true ‘Energy Savings Solution’. The return of investment is typically within 12 months.
Lopshire concluded, “This is lining up to be a very busy summer for us as we plan to ink more global licensing contracts, further prove our product superiority with name brand entities, increase our exposure through marketing our product as an energy savings solution, and solidify our intellectual property.”
Alltemp, Inc. is in compliance with the revised OTC Markets reporting standards.
About Alltemp, Inc.
Alltemp, Inc. developed a proprietary refrigerant technology, after years of research and development, called alltemp®, a proven replacement for many worldwide refrigerants that have detrimentally affected the global environment. Alltemp® refrigerants are environmentally friendly, sustainable, and cost-efficient energy solutions for the residential and commercial marketplace. Alltemp refrigerants have broad applications, ranging from Heating Ventilation and Air Conditioning ("HVAC"), to refrigeration and foam insulation, to industrial solvents. Alltemp is the ideal solution for replacement R-134a, R-404a, and HCFC-22, better known as R-22, but which is rapidly being phased out in all developed countries due to environmental concerns over its strong effect on the depletion of the Earth's ozone layer. For further information, please go to www.alltempsolutions.com.
This press release contains "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"), as well as Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In particular, when used in the proceeding discussion, the words "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements are subject to certain risks and uncertainties that are subject to change at any time, and the Company's actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components for and delays in the start of production, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financing, and other risks.