Back to Archived News
Real Paper Displays, Inc.’s Subsidiary Applies for Another U.S. Patent to Protect Company’s Core Technology
Monday, April 05, 2010
Santa Ana, CA -- Real Paper Displays, Inc. (Pink Sheets: RPPR) is pleased to announce the Company's wholly owned subsidiary, AquaStar Corporation, has applied for a new U.S. patent to strengthen its existing portfolio of licensed patents and patent applications protecting its exclusive Intellectual Property (IP) in an advanced technology that enables the use of water as a refrigerant in residential and light commercial air conditioners replacing the environmentally hazardous chemicals used in other residential and commercial air conditioners. This new technology is environmentally friendly and cost effective for consumers.
AquaStar's patented design uses high-efficiency compressor machinery and delivers outstanding electricity cost-savings to the consumer while benefiting the environment. The equipment works by using water as a refrigerant in the air conditioning system, eliminating the use of hazardous chemicals (CFCs and HCFCs). An indoor air contactor chills the air while it condenses the moisture in the air serving as a humidifier/de-humidifier. Direct contact of the air and water immediately eliminates pollen, dust and odors. In some areas, as much as 50 percent of household costs are paid to heating and cooling expenses. Central air conditioners and heat pumps rank third in residential energy use behind space and water heating. The residential air conditioning market uses 55 quadrillion BTU ("Quads") of energy annually and is responsible for more than 14 percent of US residential site electricity consumption, costing consumers $13.8 billion in annual energy expenditures. AquaStar's patented technology reduces air conditioning electricity consumption by up to 40 percent.
"The Company's revolutionary design will allow consumers to have access to a one-of-a-kind environmentally friendly technology," stated Malcolm Lennie, Chairman of Real Paper Displays, Inc. "The patents play a crucial role in protecting the Company's assets and increasing shareholder value."
The Company announced that it has posted its Annual Financials for period ending December 31, 2009 on www.otcmarkets.com. During the past year, Real Paper acquired AquaStar Corporation, a dynamic environmentally friendly company which has a breakthrough technology that enables the use of water as a refrigerant in residential and commercial air conditioners.
For more information on AquaStar Corporation, please visit: www.aquastarcooling.com
About Real Paper Displays, Inc.
Real Paper Displays, Inc. is a holding company which utilizes a unique and established platform to launch new technology enterprises based on world-class university research discoveries. Real Paper Displays provides experienced management to early stage companies, reducing risk and assuring the know-how in launching and growing a new company. In addition to this skilled management team, Real Paper can avail itself of the encyclopedic, informal knowledge of the inventor, his experience and his research team.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various factors beyond the Company's control.
Back to Archived News