Advanced Manufacturing Investment Strategy announcement at Koolatron Corporation

BRANTFORD, March 7, 2007 - Minister of Economic Development and Trade Sandra Pupatello, together with Brant MPP Dave Levac, announced a loan of $2.34 million to Koolatron Corporation that will boost innovation and support the creation or retention of 170 jobs.

• See news release: MCGUINTY GOVERNMENT ANNOUNCES $2.34 MILLION INVESTMENT SECURING 170 JOBS FOR BRANTFORD WORKERS

Minister Pupatello makes the announcement as Koolatron President Arun Kulkarni looks on.

Minister Pupatello and Mr. Kulkarni discuss the technology behind a thermoelectric cell – the component that forms the basis for many of Koolatron’s products.

Left to right: Local MPP Dave Levac, Minister Pupatello and Mr. Kulkarni.

Minister Pupatello and MPP Levac tour the plant with Mr. Kulkarni and are shown one of the company’s coolers – one of the product lines that will be developed with support from the AMIS program.

Minister Pupatello is interviewed by local media.