World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Air con man in million dollar fraud

AUSTRALIA: A former air conditioning company boss has pleaded guilty to two charges of fraud totalling AUD$1,092,500.33 (US$687m).

Steven Phillip Heaton of South Melbourne, Victoria, was a former director of Independent Products Pty Ltd and HVPS Holdings Pty Ltd. The companies, one now deregistered and the other currently in liquidation, were incorporated to commercialise an air conditioning invention that claimed to have significant energy efficiencies.

An investigation by the Australian Securities and Investments Commission found that on or about 9 November 2015, Heaton made false representations to an investor about the claimed energy efficiencies produced by the air conditioner and that BHP Billiton Ltd (as it was then known) had agreed to purchase 100 units for its mining operations in Queensland, when this was not the case. 

Based on his representations, the investor loaned Independent Products Pty Ltd $117,500.

Between about 31 August 2015 and about 20 January 2017, Heaton made similar false statements to a number of investors who collectively invested a total of $975,000.33 with Independent Products Pty Ltd and HVPS Holdings Pty Ltd.

Heaton faces a maximum penalty of ten years imprisonment for breaching section 82(1) of the Crimes Act 1958 (Vic) and a maximum fifteen years imprisonment for breaching section 191(1) of the Crimes Act 1958 (Vic)

Latest News

26th February 2024

Modine buys Canadian AHU manufacturer

USA/CANADA: Modine has entered into a definitive agreement to acquire Canadian air handling unit manufacturer Scott Springfield Manufacturing. 
26th February 2024

Stulz partners on immersion cooling

GERMANY/NETHERLANDS: Stulz Modular, the data centre design, build and maintenance services provider, is cooperating with Dutch immersion cooling specialist Asperitas in the field of liquid cooling.
26th February 2024

Brian Streatfield 1936-2024

UK: Brian Streatfield, a man who was instrumental in the formation of Carrier in the UK during the 1970s, died at the weekend. He was 87.
25th February 2024

Safety is vital in global F-gas transition

UK: Institute of Refrigeration president Graeme Fox has warned of the real-world issues that the “rapid transition” to “natural” refrigerants poses for developing countries.
25th February 2024

Terrie Lamb wins lifetime achievement award

UK: Terrie Lamb of Cimetrics was recognised for 25 years of dedication to the RACHP sector in a night of awards at Thursday night’s annual Institute of Refrigeration (IoR) dinner.
25th February 2024

Boosting EV range with microwave energy

UK: Researchers from the University of Birmingham are working on an energy storage system which couples a chemical heat pump with microwave energy to produce heating or cooling on demand.