Posts tagged: Spraycool
Reports that Liberty Lake company SprayCool is shut down or out of business are wrong.
Some local blogger ran a comment back in April stating that “Isothermal Systems Research (aka SprayCool) of Liberty Lake is out of business. At their peak, they employed up to 250 people.”
Not accurate. The blogger (who writes anonymously) didn't cite his source, but it had to have been a Spokane Journal of Business item back in late March noting that Isothermal Systems Research shut down as a corporation. ISR was the founding entity that eventually became SprayCool. The JOB story made clear the act had nothing to do with SprayCool.
SprayCool was acquired more than a year ago by Parker Aerospace. Our story is here. Its main products are high-end cooling chassis and enclosures used to protect electronic components in vehicles and aircraft.
SprayCool continues to operate and is doing fine, said Parker spokesperson Alison Dittmeier. The confusion may have resulted from the Parker purchase, which must have explicitly excluded acquiring the ISR name or other ISR-specific assets.
SprayCool had more than 200 workers at one time. Today the workforce in Liberty Lake numbers around 40, though Dittmeier did not disclose the number.
Matt Gerber, who’s held key jobs at area firms Itronix and SprayCool, has become CEO of Liberty Lake-based IT-Lifeline.
Gerber, who’s 46, takes the reins of the company started by Steven Tabacek, the firm’s only other CEO. Tabacek told board members he felt it was time for another person to direct IT-Lifeline, said Gerber.
IT-Lifeline provides backup and recovery-of-data services for companies across the region. It’s based in the TierPoint building in Liberty Lake. Most of its customers are health care providers and financial service companies.IT-Lifeline is focusing on gaining new customers in the Seattle area, Gerber said. At present about 30 percent of IT-Lifeline’s customers are from that area. “We want to make that 50 percent in the next two years,” Gerber said.
Gerber held a number of positions, including senior vice president for marketing at Itronix, which was acquired by General Dynamics. He moved to SprayCool where he became CEO in 2007 and then left after the company was acquired earlier this year.
He said Tabacek remains an owner of IT-Lifeline but is pursuing other entrepreneurial interests.