EMAIL DETAILS

Eric & Hunter:

Please see my notes below and advise if I have overlooked anything from your perspective! Thank you for the opportunity to participate in today’s meeting!

Best regards,
~Patty

Patricia A. Cannon, MSM
Delaware Economic Development Office
Direct: (302) 577-8485
Cell: (302) 943-0000
patricia.cannon@state.de.us<mailto:patricia.cannon@state.de.us>

From: Cannon Patricia (DEDO)
Sent: Monday, April 12, 2010 3:27 PM
To: Levin Alan (DEDO); Whaley Bernice (DEDO)
Subject: DuCool & AquaSciences


From a "POLICY" perspective, Dan Forkosh, President & CEO (& inventor) of DuCool (a company that has incorporated in DE) said that he would like to see a government entity take on the recognition of SHR (Sensible Heat Ratio) as an air conditioning standard because it includes energy efficiency tied to removing moisture from the air (humidity) as well as changes in temperature. The current SEER energy rating (Seasonal Energy Efficiency Ratio) which ONLY measures changes in temperature.


Here is a link to their web site that illustrates the concept:

http://www.ducool.com/HTMLs/article.aspx?C2004=12192&BSP=12158


The DuCool products are capable of controlling any Sensible Heat Ratio (SHR) required - latent only, sensible only, or any ratio between the two.


The SHR is automatically set by the DuCool Remot Control Monitoring System (RCMS), which is based on customer's chosen set points.


Their partner company, Aqua Sciences, uses the DuCool technology in their equipment. The following link takes you to their web site/photographs of the Aqua Sciences machine in Haiti and its positive effect on the lives of patients at the main hospital in Port-au-Prince. www.AquaSciences.com<http://www.AquaSciences.com>


ACTION ITEMS:


I offered 2 exhibit hall passes to Dan + DuCool for BIO2010 conference to demonstrate tangible evidence of DE's commitment. We are competing with Michigan + California


I have requested a copy of their business plan as well as an executive summary of MatlinPatterson's research/due diligence that they used to justify their $35M investment in the company.


They will need min 100,000 sq ft of space and Dan Forkosh will be sending his brother and the plant manager over from Israel to tour potential sites.


David Mathe` from International Trade Office will be visiting Israel next week and Dan has agreed to make arrangement for David to tour their current facility in Kibbutz, Israel.


BACKGROUND:


Technology created in Israel but not in an incubator, which John Pastor taught me today is impt because Israel CONTROLS any technology that is grown within one of their incubators


DuCool's technology was used by AquaSciences to make pure water from air in Haiti! They essentially flow air across sea salt.


They are waiting for a large order which will result in demand for new assembly facility TODAY! MatlinPatterson invested $35M and stress that they did extensive due diligence (this is NOT pre-revenue or early venture!). DuCool has been in business for 6 years


Assembly/manufacturing will create 300-500 direct jobs and thousands of indirect per MatlinPatterson analysis and will be a $7B market with 2 year pay back on retrofit and 1-3 month pay back on new construction


They will need min 100,000 sq ft of space and Dan Forkosh will be sending his brother and the plant manager over from Israel to tour potential sites.