Isothermal, Liberty Lake, WA receives $29 million round of financing through SBIR program

Isothermal Systems Research Inc., http://www.spraycool.com based in Liberty Lake and Clarkston, Wash., was awarded a $29 million round of financing, the company announced.

The company designs and manufactures advanced spray-cooling systems. The new financing is part of a Small Business Innovation Research (SBIR) grant awarded through the Department of Defense. http://sbir.gsfc.nasa.gov/SBIR/successes/ss/8-021ext.html

The money isn’t a direct grant, noted ISR spokesman Tony Vengel. SBIR grants create a credit account that contractors and others can draw on to develop spray cool projects with ISR, Vengel said.

"It creates the opportunity for customers to order and go through an order without a bidding process," said Vengel.

The spray-cool technology is being tested in a number of military uses, including Navy and Air Force planes, Army mechanized vehicles and the Marine Corps’ Advanced Amphibious Assault Vehicle.

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ISR

511 Third Street, Clarkston WA 99403

(509)758-2613 Fax: (509)758-1280

email: [email protected]

http://www.spraycool.com

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The privately held company’s products are manufactured in Clarkston, with Liberty Lake the support, marketing and sales base. The company has about 135 workers and might grow by 25 or 30 in the next 12 months, Vengel said.

http://www.spokesmanreview.com/news-story.asp?date=100403&ID=s1420325&cat=section.business