Solar air conditioner maker finds buyer
AquaCell plans to purchase SolCool maker GPM
AquaCell Technologies has reached agreement to buy the maker of the SolCool solar-powered air conditioner for an undisclosed sum.
GPM, the manufacturer of SolCool, intends to release an upgrade of its air conditioner later this year which can run on as little as 300 Watts of direct current-- the equivalent of a two solar panels. The are conditioner also has batteries in case of power outages.
AquaCell makes water purification technologies and said the acquisition of GPM is part of its strategy to expand into alternative energies.