PowerCold signs LOI to acquire Alturdyne

PowerCold Corp. signed a letter of intent to acquire Alturdyne, Inc., a San Diego maker of generator sets; PowerCold would acquire all assets and IP, with Alturdyne operating as a wholly owned subsidiary, targeting a May 31, 2002 close. Terms were not disclosed.

“PowerCold Corp. has signed a letter of intent to acquire Alturdyne, Inc., a San Diego-based manufacturer of diesel, natural gas, turbine, and rotary generator sets.”

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