# Ocean Thermal Energy signs LOI to acquire heavy-commercial air conditioning company

Ocean Thermal Energy Corporation signed a Letter of Intent to acquire an established heavy-commercial air conditioning company, expected to close in October 2018.

- Type: Acquisition
- Announced: 2018-08-09
- Where: United States
- Status: announced
- Products: heavy-commercial air conditioning
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Ocean Thermal Energy Corporation](https://endata.com/companies/33672.md) (acquirer)

## Sources

- [otcmarkets.com](https://www.otcmarkets.com/stock/CPWR/news/Ocean-Thermal-Energy-Corporation-Announces-Letter-of-Intent-to-Acquire-Profitable-Heavy-Commercial-Air-Conditioning-Comp?id=200420), 2018-08-09: "The proposed acquisition offers an extraordinary opportunity to amplify and strengthen our existing business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.