June 27, 2013

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Cool Angle Named Semi-Finalist in Cleantech Open Accelerator

Press Release

June 27, 2013

Brigham City — Cool Angle LLC of Brigham City, Utah, just returned from Silicon Valley as the only semi-finalist from Utah in the 2013 Cleantech Open Accelerator. The product developed by Cool Angle is a patented asphalt roofing technology. Participation in the Accelerator provides in-depth group training from entrepreneurial giants like Steve Blank and Guy Kawasaki, as well as individual mentoring and access to capital and showcasing opportunities designed to boost the success of each participant.

“Being selected for the Accelerator is a major accomplishment,” said Kirk Bailey, founder and CEO of Cool Angle. “Our participation will accelerate the business and help attract investors who are familiar with commercializing green technologies and intricately networked into the green building industries.”

Further participation in the Accelerator will culminate in national presentations in November.

Homeowners are becoming very concerned about energy savings, but many are afraid that using light-colored, energy-efficient shingles will not match the style of their home. Cool Angle uses their technology to produce directionally reflective shingles which show the homeowners’ color preferences when viewed from the ground, but appear white in the direction facing the sun. This allows homeowners to have the benefits of a white, energy-efficient roof, while still getting the roof color they want. This technology is expected to save 10 to 20 percent of typical cooling costs and increase the life of the shingles.

Cool Angle is currently working toward a GTM Phase II grant, in addition to pursuing other sources of outside funding. Previously, Cool Angle’s technology was recognized as a “green technology” by the U.S. Patent and Trademark Office. Cool Angle plans to begin working with homeowners and contractors to begin installations throughout Utah and the Southwest.

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