Carrier Global Invests In Strategic Thermal Labs For Data Center Cooling Solutions
Portfolio Pulse from Shivani Kumaresan
Carrier Global Corporation (NYSE:CARR) announced an investment and technology partnership with Strategic Thermal Labs for a liquid cooling solution for data centers. This partnership includes a board seat for Carrier and exclusivity in a differentiated solution, building on Carrier's acquisition of Nlyte in 2021. The liquid cooling market is expected to grow significantly, driven by AI data center builds.

April 18, 2024 | 3:11 pm
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Carrier Global Corporation invests in Strategic Thermal Labs for advanced data center cooling, indicating a strategic move to enhance its product offerings and market position.
Carrier's investment in STL for a liquid cooling solution for data centers positions the company to capitalize on the growing demand for efficient data center cooling solutions. This partnership, along with the exclusivity of a differentiated solution and a board seat in STL, suggests a strong commitment to innovation and market leadership in the cooling solutions sector. The expected growth of the liquid cooling market further supports the potential positive impact on Carrier's stock in the short term.
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