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Dinniman Announces $730K for E. Whiteland Air Conditioning Tech Company
HARRISBURG (May 22, 2018) – State Senator Andy Dinniman announced today that OxiCool, an air conditioning technology company based in East Whiteland, will receive $730,000 in state grant funding through Pennsylvania’s Alternative and Clean Energy Program.
The funding will make it possible for the company to pursue an $8.8 million expansion to include a manufacturing line at their facility – a project that is expected to create 73 new jobs over the next three years.
OxiCool has developed air conditioning technologies that can be applied to an array of applications in both the commercial and military spaces. Originally invented and patented jointly with the U.S. Navy, the technology significantly lowers the operating and maintenance costs of air conditioning.
“Exciting research and development are happening right here in Chester Country and OxiCool is another example of one of the pioneering tech companies and tech entrepreneurs that call our region home,” Dinniman said. “And by investing in their success we can support breakthroughs in technology, expand our tax base, and create sought-after career opportunities for highly skilled professionals.”
The OxiCool expansion will incorporate a manufacturing line for their TruckCool line, a molecular sieve-based technology to create a closed-loop continuous cycle air conditioning unit for sleeper cabs of heavy-duty trucks. The technology will reduce truck idling for continued cooling of the cab by utilizing a small amount of diesel fuel or an alternative energy source for power, such as solar panels.
The TruckCool unit will reduce the use of diesel fuel during engine idling by 90%, resulting in a reduction of 2,268 gallons per unit annually. This technology also allows the unit to use water in place of HFC R134a as the refrigerant, further reducing chemical emissions produced from idling.
For the past three years, OxiCool has been working under a Joint Development Agreement with a large and reputable US truck manufacturer.
The grant funding, which was approved today by the Commonwealth Finance Authority, will be used for the purchase and installation of air conditioning unit manufacturing equipment.
The equipment needed to produce this line of products will include a fiber laser welding cell, acetone cleaning machine, precision high speed bending cell, automated sheet feeding system, and a tube cutting machine center. OxiCool, Inc. will purchase the remaining equipment needed for the new manufacturing line.
The total project cost is $2,551,715. OxiCool, Inc. will provide $1,821,715 in matching funds.