SEOUL, South Korea, Nov. 17 /PRNewswire-FirstCall/
-- iCurie, Inc. , a full solution provider in the
field of thermal heat management for the PC, consumer
electronics, lighting and display industries, today
announced that it has signed a contract with Asia
Vital Components Co., Ltd (AVC), the world's largest
CPU cooler supplier.
Under the new patent license and sales exclusivity
agreement, AVC plans to develop, market and sell
a new thermal management product based on iCurie's
patented Microfluidic Cooling System (MCS) technology
for use in PCs. iCurie has granted AVC an exclusive
license to manufacture, distribute and sell the product
to PC manufacturers in the world market outside of
Korea and Japan. AVC will use the product as a stand
alone product being offered directly to leading PC
manufacturers. In addition, the product will also
be included as a part of existing AVC products, increasing
the performance of an already very competitive product
portfolio. AVC will pay iCurie a royalty for each
product being sold, either as a stand alone product
or as part of a system. AVC will also supply products
to iCurie, to be sold to customers in the Korean
and Japanese markets.
Hakan Wretsell, Chief Executive Officer of iCurie,
said, "AVC has been a key strategic partner for us
for several years now and realized early on the potential
applications for our proprietary microfluidic thermal
management technologies. We believe the exciting
new device we are jointly developing will be the
next generation of thermal connectivity solutions
for PCs and laptop computers, and potentially other
industries as well. We expect this new cooling device
to be competitively priced, lightweight, significantly
smaller, and higher performing compared to current
technologies. As the market continues to trend towards
greater power density, heat management plays an increasingly
critical role to secure device performance as well
as base functionality. iCurie and AVC intend to introduce
this breakthrough product at the end of this year
and we are very excited by its potential market adoption."
David Wang, Vice President of AVC, commented, "We
are looking forward to building on our already successful
relationship with iCurie. This new agreement allows
iCurie access to AVC's expertise, infrastructure
and sales force required for manufacturing and marketing
a cooling device designed for PC applications. AVC
has built a powerful distribution network to support
and facilitate sales worldwide of our leading PC
cooling solutions. We count the industry's top companies
and innovators among our customers, providing a true
win win opportunity to enhance our offerings with
a new, strong product proposition. Our partnership
with iCurie once again demonstrates our dedication
to taking new technologies and new products to the
PC industry."
About iCurie
iCurie is a full solution provider in the field
of thermal heat management for the PC, consumer electronics,
lighting and display industries. The Company is a
leader in developing and commercializing next-generation
cooling solutions built on iCurie's patents in thermofluid
nanotechnology. iCurie's extensive intellectual property
portfolio includes patents registered in Korea, the
U.S., Japan and Taiwan, with patents pending in the
EU, Russia, India and in China. For more information,
visit http://www.icurie.com/ .
About Asia Vital Components Co., Ltd.
AVC is a total thermal solution provider and the
largest CPU cooler supplier in the world. In addition
to CPU cooling devices, the Company offers various
kinds of thermal management devices, like the laptop
thermal module, a DC fan, heat pipes and chassis,
in order to offer total thermal management solutions
to customers. Customers rely on AVC's "one-stop shop" service
including product simulation and thermal management
system integration. The Company has over 400 research
and development engineers throughout Taiwan and China.
Project-based design and new technology development
remain the major focus of the AVC team. The Company
allocates several branches all over the world to
provide prompt services to customers. For further
information, please visit the AVC website at: http://www.avc.com.tw/ .
Forward-Looking Statements:
This press release contains forward-looking statements,
involving risks and uncertainties. Such statements
are based on management's current expectations and
are subject to certain factors, risks and uncertainties
that may cause actual results, events and performance
to differ materially from those referred to or implied
by such statements. In addition, actual future results
may differ materially from those anticipated, depending
on a variety of factors which include, but are not
limited to, iCurie's ability to attract investors,
iCurie's future operating results, and general economic
conditions affecting consumer spending, including
uncertainties relating to global political conditions,
such as terrorism and the conflict with Iraq. Readers
are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of
the date hereof. The Company does not intend to update
any of the forward-looking statements after the date
of this release to conform these statements to actual
results or to changes in its expectations, except
as may be required by law.
Contacts: Michael Karpheden iCurie, Inc. Chief Financial
Officer Phone: (305) 529-6290 Email: info@icurie.com David
Pasquale / Abbas Qasim The Ruth Group Executive Vice
President Phone: 646-536-7006 / 7014 Email: dpasquale@theruthgroup.com / aqasim@theruthgroup.com
Source: iCurie, Inc.
CONTACT: Michael Karpheden, Chief Financial Officer, iCurie, Inc.,
+1-305-529-6290, or info@icurie.com ;
or David Pasquale, +1-646-536-7006, or
dpasquale@theruthgroup.com ,
or Abbas Qasim, 1-646-536-7014, or
aqasim@theruthgroup.com ,
both of The Ruth Group, for iCurie
Web site: http://www.icurie.com/
http://www.avc.com.tw/
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