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PowerCold Selected for Unique Distributed Energy Systems Application Integration

Posted on: Tuesday, 19 July 2005, 09:01 CDT

LARGO, Fla., July 19 /PRNewswire-FirstCall/ -- PowerCold Corporation (BULLETIN BOARD: PWCL) announced today that it was selected by the Department of Energy (DOE) for a unique distributed energy systems application integration. Gas Technology Institute (GTI), Preventive Maintenance Services, Inc. (PMSI), Southwest Gas, and Nevada Power will be participating in a comprehensive program designed to test, verify and demonstrate integrated energy-efficient technologies with a Combined Heat and Power (CHP) system at a new Wingate Inn and Suites Hotel in Henderson, Nevada. The Department of Energy is granting the funding for the CHP project. The facility is expected to be one of the most energy-efficient hotels ever built in the U.S.

This is the third new Wingate Inn(R) Hotel to utilize PowerCold's patented HVAC system, (news release dated 9.28.04). The Henderson Wingate Inn and Suites is a three-story hospitality center that features a 100-room hotel, meeting rooms, restaurant, indoor swimming pool and hot tub. The hotel will utilize PowerCold's patented four pipe HVAC system and a 150 kWh combined heat and power plant to supply space heating, hot water, cooling and electric power to the facility.

Wingate owner Steve Sparks, commented, "The Henderson Wingate Inn and Suites demonstrates a renewed commitment to sustainable design and signals a fundamental shift away from conventional design and construction. Owners who incorporate these integrated energy systems into their new hotel designs will have a competitive advantage and will benefit from higher performance facilities that not only provide superior guest comfort but also conserve energy and reduce operating costs and risks."

Sparks added, "PowerCold has supplied the HVAC systems for my other Wingate projects, and it's evident the Company has great expertise in effectively designing and implementing the latest energy-efficient technologies. I'm looking forward to working with PowerCold on this and future hotel projects."

PowerCold has provided a pre-engineered system design that includes a low- emission natural gas generator, domestic hot water station, chiller plant, and interconnecting ductwork. The proposed integrated energy system should reduce power consumption by approximately 700,000 kWh per year and reduce peak demand by 240 kWh in comparison to electric packaged terminal air conditioners (PTACs), which are commonly used for a hotel of this size.

PowerCold ComfortAir Solutions, Inc. President Robert Yoho stated, "The cogeneration system is designed to provide hot water from the generator's rejected waste heat at no additional cost to the hotel. The CHP system will also include a remote monitoring system that provides local and remote monitoring and control from the Internet, instantaneous forwarding of product alarms, storage of product data and alarm history in a central database, and an Internet portal which facilitates connection to a remote website and allows database queries and reports."

Yoho added, "PowerCold's unique patented HVAC system will recycle the hotel exhaust air and transfer heating or cooling to the incoming outside air through its BreezeMaster(TM), plastic evaporative coolers. The individual guest rooms and common areas are furnished with clean, fresh air. This system can reduce the need for approximately 12 to 15 tons of air conditioning equipment for the hotel."

The combined system has higher efficiency and lower operating costs than the more traditional separate power generation and HVAC systems. The integrated energy system is also designed with operational flexibility that allows both grid-connect mode and stand-alone capabilities. If the main power grid is down for 30 minutes, the integrated energy system is capable of supplying full power to the hotel for as long as the main grid is down. PowerCold's equipment will conform to applicable interconnection rules, thereby facilitating interconnection approval by the local electric utility, Nevada Power.

One goal of this project is to provide the traditionally risk-adverse building community with confirmation that integrated systems are technically and commercially viable alternatives to traditional power and HVAC products. The benefits proven by the Wingate installation will be publicized to the building community through on-site visits, literature, and presentations to professional societies.

PowerCold ComfortAir Solutions, Inc. (PCS), a wholly owned subsidiary of PowerCold Corporation, offers high efficiency new and retrofit HVAC systems for commercial buildings including major hotel chains, national restaurant and retail chain stores, extended care facilities and office buildings.

PowerCold Corporation designs, develops and markets unique HVAC products and systems for commercial and industrial use. PowerCold's proprietary energy-efficient products are designed to provide a clean comfort air environment and significantly reduce power costs by up to 50% for air conditioning, refrigeration and on-site building power.

PowerCold Contact: Diane Braun at 800-782-1225 PowerCold Email: pwcl@powercold.com PowerCold Website: http://www.powercold.com/ PowerCold(R) is a registered trademark of PowerCold Corporation

Forward-Looking Information: The statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties, including the inability to generate and secure the necessary product sale, or the lack of acceptance of the company's products by its customers. In each case, actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized.

PowerCold Corporation

CONTACT: Diane Braun, PowerCold, +1-800-782-1225, pwcl@powercold.com

Web site: http://www.powercold.com/

Source: PRNewswire-FirstCall

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