Fast Heat moves out of heating elements, sensors

Fast Heat Inc. (Elmhurst, Ill.) has sold its range of heating elements and sensors to Tutco, Inc., another supplier of heating  technology. However, this does not affect Fast Heat's hot-runners and temperature controllers, which it will continue  to sell under its own name. Fast Heat business units in the United Kingdom, France, and Singapore will continue to supply the heating element product line throughout Europe and Asia.

Tutco is allowed to use the Fast Heat name on the heaters sold in North America for up to two years. After this time, it must use a different designation in the marketplace. This company designs and manufactures heating components for a variety of commercial applications including refrigeration, HVAC, lab equipment and vending.

“The divesture of our heating element product line in North America will give us the capital and management time to focus on new opportunities,” says Fast Heat CEO Tom Stojka. “We are constantly looking for ways to penetrate new emerging technology markets to grow our business and leverage our brand name globally."

His company is now emphasising its RFID e-pedigree systems, which it sells to food processors and pharmaceuticals manufacturers.

www.tutco.com
www.fastheat.com