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Eco Innovation Group™ Files Patent Application for PoolCooled™ Climate Control Technology

VAN NUYS, Calif., Dec. 16, 2021, Eco Innovation Group, Inc., an innovative company developing new technologies for green energy solutions, is pleased to announce the filing of a patent application (Application No. 17/469,834) for the Company’s licensed PoolCooled™ Climate Control technology solution.

Eco Innovation Group Eco Innovation Group on June 8, 2021, ECOX executed a licensing agreement (the “Agreement”) giving the Company exclusive rights to commercialize PoolCooled™, a climate control solution that leverages proprietary technology to cool a home or building by taking cool water from an existing swimming pool and looping it through the existing air conditioning system to boost efficiency on a per-unit power consumption basis.

The PoolCooled™ system has since successfully undergone prototype testing, providing proof of concept in the process.

The Company subsequently engaged patent attorneys to develop and file a patent application. Under the terms of the Agreement, along with the original inventor, the Company holds joint title covering all PoolCooled™ technology as well as all patents resulting from the Agreement.

Julia Otey-Raudes, CEO of ECOX, commented on the milestone, saying, “We are excited to take this important step as we get closer to commercializing a technology with the potential to cut air conditioning energy demand for residential and commercial structures by up to 65% under ideal conditions.

PoolCooled™ is designed for residential and commercial property owners eager to minimize energy needs by mobilizing existing pool water as a primary climate control resource through the revolutionary PoolCooled™ system. The PoolCooled™ system has a conveniently small physical footprint, allowing it to fit easily into existing equipment areas and pool pump structures. And we can’t wait to begin shipping and installing this technology widely next year.”

Now that the PoolCooled™ patent application has been filed, ECOX plans to conduct further prototype tests to optimize the technology through the spring of 2022. Management believes this timeline will result in a market-ready product by mid-2022, with initial sales and installations beginning as early as Q3 2022, which will include identifying licensing opportunities and distribution partners, as well as marketing and sales investments.

About Eco Innovation Group Eco Innovation Group was founded by Inventors and Business Professionals to help nurture and catalyze the most innovative and impactful products and services, and to deliver those innovations to the world, improving the quality of life in our communities and the world around us, while delivering value to our shareholders. At ECOX, we are dedicated to developing and commercializing successful products.

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But we will never lose sight of the fact that we exist, first and foremost, to help people and improve life on the planet we all share. We take our Social Responsibility Contract seriously in all our endeavors. It is not only what we do. It is who we are. For more information, visit www.ecoig.com.

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Also, Breaking News on the Company’s new breakthrough glycerin-based non-CO2 supercritical extraction technology (the “GET System”), which has clear potential applications for companies involved in producing products that rely on cannabis plant extraction.

Demitri Hopkins, inventor of the GET System technology, has commented, “Most processes using supercritical fluids — such as carbon dioxide — to extract plant products end up with highly viscous products that are difficult to work with. The glycerin concentrates generated from this system can be used directly in a range of products and allow standardized concentrations of the target compounds.”

 

The intellectual property behind the glycerin extraction technology has been exclusively licensed to Eco Innovation Group, and fabrication of the prototype is underway at Fluitron Inc.

 

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ECOX Signs Binding Agreements to Open Engineering and Construction Firm to Drive Canadian PoolCooled™ Commercial Launch

VAN NUYS, Calif., Oct. 14, 2021 Eco Innovation Group, Inc. ECOX an innovative company aggregating investments in

new technologies that promote environmental and social well-being and the advancement of green energy solutions,

is pleased to announce the signing of binding Definitive Agreements for the formation of a Canadian construction

enterprise as well as for the acquisition of the business and equipment of an existing

Canadian construction company through an all-stock transaction.

                                    Eco Innovation Group (ECOX)

 

On October 4, 2021, the Company entered into an asset purchase agreement with Spruce Construction, Inc.,

an Alberta corporation, and its shareholder, Timothy Boetzkes, to acquire the existing book of business

and physical assets of Spruce Construction, consisting of vehicles and equipment used in the construction industry.

The Company and Mr. Boetzkes have subsequently formed a new Canadian corporation named Spruce Engineering & Construction, Inc., i

n order to deploy those assets in Canada to provide engineering and installation services to support the sale of ECOX’s breakthrough PoolCooled™ Climate Control technology in the Canadian market.

ECOX owns 85% of Spruce Engineering and Construction, Boetzkes owns 10%, and Patrick Laurie, CEO of the Company’s Canadian green technology development subsidiary, owns 5%.

The acquisition of construction assets in Canada is a concrete step toward generating revenue from the installation of our sustainable energy technology in Canadian homes and businesses,” remarked Julia Otey-Raudes, CEO of Eco Innovation Group. “ECOX’s Canadian construction firm will partner with our previously-announced Canadian technology development arm, ECOIG Canada, to deliver our PoolCooled™ Climate Control technology to the Canadian market.”

The Company is also pleased to report that Mr. Laurie will serve on the board of directors of Spruce Engineering and Construction along with Ms. Otey-Raudes and Mr. Boetzkes. Under the terms of the Agreements, ECOX will pay Mr. Boetzkes one million shares of the Company’s restricted common stock for substantially all of the assets of Spruce Construction. The new entity will assume approximately CA$60,000.00 in debt from the predecessor entity.

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