The venture between the two companies focuses on marketing and distribution of EIP-1 and EIP Energy Star upgrade kits, which feature an easy-to-install controller designed for both commercial and residential use in refrigeration, freezers, vending machines. The controller reportedly reduces energy consumption by up to 30%.
Under the agreement, VEII has been designated a EIP product distributor and authorized service center.
Energy Innovative Products develops technology to reduce electric energy usage in refrigeration and cooling systems and other AC-induction motor applications.
VEII, established in 1960, is a leading provider of new and reconditioned vending machines, replacement parts, upgrade kits and a wide variety of tools, accessories and components.