Alltemp, Inc. (LTMP)
When Alltemp, Inc. (LTMP) stated that it is “The Future of Refrigeration and Cooling,” it understood that this type of revolutionary title isn’t one that’s used lightly. However, since the Company developed proprietary, environmentally friendly, refrigerant technologies, aimed at curbing ozone depletion, reducing energy consumption and offering truly superior performance, in this case the designation is spot-on. What’s more, the company’s alltemp® refrigerants, which are now commercially available to HVAC technicians and contractors, are designed to be compatible with the vast majority of existing commercial, and residential, cooling systems and satisfy all current environmental protocols related to the rapidly evolving global refrigeration industry.
Increasingly, climate change concerns are becoming part of daily life for billions around the globe. NASA’s data indicates that the global temperature increased by 1.7 degrees Fahrenheit since 1880, with 16 of the 17 warmest years on record having occurred since 2001. This environmental calamity has impacted regulations and fostered incentive programs for an ever-growing collection of industries, but one of the landmark agreements that kicked off this shift in thinking was 1988’s Montreal Protocol on Substances that Deplete the Ozone Layer.
The Montreal Protocol, signed by President Ronald Reagan and ratified by a total of 196 countries, as well as the European Union, has been hailed as one of the most exceptional examples of international cooperation in history. The treaty’s goal has been to phase out the production of numerous substances that have been connected with ozone depletion, including several groups of halogenated hydrocarbons that were used extensively in refrigeration. Since the Montreal Protocol, use of these banned substances has been on a sustained decline, but the Environmental Protection Agency (EPA) notes that man-made hydrochlorofluorocarbons (HCFCs), classified as class II controlled substances, are still used as refrigerants in existing air conditioners and refrigeration equipment. This is set to change in the coming years.
New production and import of most HCFCs will be phased out by 2020, as part of the EPA’s Clean Air Act. In addition to the environmental benefits of this regulatory action, a market opportunity is primed to surface for forward-thinking companies like Alltemp with innovative alternatives to HCFC refrigerants. As William Lopshire, Alltemp CEO, noted in a recent news release, there is “a critical shortage of replacement refrigerants worldwide,” making alltemp® a timely solution to a present and growing demand within the HVAC and refrigeration industries.
alltemp® refrigerants target a variety of market applications, including commercial refrigeration, chillers, air conditioning and heat pumps, and waste heat recovery. Meeting the unique needs associated with the 2020 HCFC phase-out, the company’s proprietary solutions serve as an efficient, drop-in refrigerant that can be used with existing systems without the need for costly equipment replacement or modification. In fact, using industry standard R-22 as a baseline, alltemp® products have been shown to improve system efficiency by up to 35 percent while increasing capacity. For comparison, MO99, an R-22 alternative produced by international conglomerate DuPont, has been shown to decrease system efficiency by roughly 20 percent while slightly decreasing capacity.
Alltemp completed a number of case studies, which confirmed the potential economic benefits of its alltemp® line across multiple applications. The product line’s optimal balance of performance, environmental sustainability and safety is paired with significant HVAC cost savings, including estimated savings of 38 percent for convenience store giant 7-Eleven and 28 percent savings for fast food behemoth McDonald’s, versus traditional refrigerant alternatives, per data from Applied Research Laboratories.
The impending phase-out of potentially harmful HCFCs is creating a veritable renaissance within the longstanding HVAC and refrigeration markets. By developing and commercializing a true drop-in solution to this industry shift, Alltemp is positioning itself to capitalize on these regulations. Additionally, by offering solutions that have been shown to improve the efficiency and capacity of existing systems, the company is presenting an unmatched value proposition to an expansive base of potential customers spanning nearly every sector of the economy.
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