Copeland and Daikin Announce a Joint Venture to Bring Inverter Swing Rotary Compression to the U.S. [Yahoo! Finance]
DAIKIN INDS LTD UNSP/ADR (DKILY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
venture for Copeland to bring Daikin's inverter swing rotary compressor technology to the U.S. residential segment. Daikin's innovative inverter swing rotary technology complements Copeland's portfolio and delivers substantial benefits including reduced energy usage, cost savings and enhanced reliability. The joint venture is expected to become operational by the first half of 2025 following receipt of customary regulatory approvals. This agreement leverages Copeland's market leadership, deep industry expertise, and robust technical support alongside Daikin's proven inverter swing rotary compressor technology. Together, they will provide U.S. residential HVAC customers with the most efficient solutions tailored to meet specific application needs. This collaboration plays a pivotal role in accelerating the shift to energy-efficient heat pumps, meeting both environmental goals and regulatory requirements. Under this agreement, a joint venture will be established in the United States
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