|iCurie Signs Contract With the World's Largest Supplier of CPU Coolers to the PC Industry|
Thursday November 17, 9:21 am ET
Market Leader AVC and iCurie Establish Licensing and Distribution Contract
SEOUL, South Korea, Nov. 17 /PRNewswire-FirstCall/ -- iCurie, Inc. (OTC: ICUR - News), 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."