Innovative Climatic Technologies Corporation (the "Company") will sell the "ZoZo," a patented brand new thermostat which automatically adjusts air conditioning settings to the "feels like" perceived temperature desired by home and business owners. When you listen to local weather reports, the announcer tells you the temperature is actually "X" degrees but because of outside conditions such as relative humidity, wind speed and elevation, the temperature outside "feels like" some different number. For example, you may hear on the weather that a 90 degrees on a hot, humid summer day feels like 100 degrees. The ZoZo thermostat is currently under development and expected to be ready to sell by February 2017. We believe that we can sell the ZoZo thermostat to residential and commercial customers, and initially we will focus on US consumers in the Southwest.
