FAST HEAT DIVERSIFIES INTO RFID TECHNOLOGY WHILE SELLING ITS
ELMHURST, ILLINOIS,
Tutco will continue to supply heating elements to all Fast Heat customers and is licensed to use the Fast Heat brand name for these products in North America for a period of two years.
Fast Heat business units in the
Throughout its fifty-year history Fast Heat has been an innovator and has created opportunities is new growth markets, noted Stojka. “While heating elements continue to be a good business, Fast Heat’s strategy is to move more aggressively into new technology-based product lines such as RFID,” he said. “The divesture of our heating element product line in North America will give us the capital and management time to focus on these new opportunities,. We are constantly looking for ways to penetrate new emerging technology markets to grow our business and leverage our brand name globally.”
Stojka added that Fast Heat is focused on RFID e-pedigree systems that will help pharmaceutical manufacturers and food processors to monitor conditions in the supply and distribution chain, maximizing the shelf life and consumer value of their products.
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TUTCO, INC. is a leader in heating innovation. It designs and manufactures heating components for a variety of commercial applications including: refrigeration; HVAC; lab equipment; and vending. For more information visit www.tutco.com.
FAST HEAT INC. is a leading international supplier of custom-engineered systems
and components for the precise transfer and control of heat. Founded in
1957 as a manufacturer of heating elements, Fast Heat also manufacturers hot
runner systems and temperature controllers at facilities in the
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Robert J. Martino. Tel: 1 (914) 478-0754. Fax: -0959