|GrafTech's AET Subsidiary and Celsia Technologies Sign Sales and Development Contract|
Thursday April 27, 8:30 am ET
MIAMI, April 27 /PRNewswire-FirstCall/ -- Celsia Technologies (OTC Bulletin Board: ICUR - News), a full solution provider and licensor of thermal management products and technology for the PC, consumer electronics, lighting and display industries, today announced that it has expanded the scope of its relationship with Advanced Energy Technology Inc. ("AET"), a leading producer of electronic thermal management solutions under the eGRAF® brand name. AET is a subsidiary of GrafTech International Ltd. (NYSE: GTI - News), one of the world's largest manufacturers of high quality synthetic graphite, natural graphite and carbon-based products.
Under today's expansion of the companies' relationship, they will begin working to jointly develop next generation thermal solutions based on the combination and integration of AET's and Celsia's current thermal management technologies, including AET's graphite material science and Celsia's micro fluidic thermal management technologies. Jointly developed products will be sold and marketed by AET.
The companies originally announced a letter of intent on November 3, 2005 covering sales and marketing by AET of Celsia's current products utilizing AET's extensive network and capitalizing on the commercial success already achieved by AET in the thermal management market. AET was given exclusive rights to sell and market certain Celsia products for specific market segments.
Hakan Wretsell, Chief Executive Officer of Celsia Technologies, said, "Since signing the letter of intent last November, we have been working diligently on our go to market strategy. We have prioritized our opportunities in order to first pursue key industries and end markets. Both organizations have worked successfully together in this effort, and we are pleased with the progress we have made. The distribution potential of the partnership with AET remains just as important. AET has significant marketing and distribution experience as shown through their rapid commercialization of eGRAF® thermal management products. Through their extensive sales and distribution network, we expect to rapidly commercialize our products in completely new industries, such as the automotive and flat panel display industries."
John Wetula, President of AET, commented, "Our initial collaboration has performed as expected, giving us increased enthusiasm. We continue to view this as an important strategic initiative for AET, given the market potential we believe that arises from adding Celsia's current technologies and products to our portfolio. The partnership allows us to leverage our success with eGraf® products to further our vision of becoming the world's leading thermal solutions provider. We are optimistic that the joint development of next generation thermal management solutions will also create new opportunities in various high-growth market segments and help accelerate the achievement of our aggressive goals."
About Celsia Technologies
Celsia Technologies is a full solution provider and licensor of thermal management products and technology for the PC, consumer electronics, lighting and display industries. The Company is a leader in developing and commercializing next-generation cooling solutions built on its patents in thermofluid nanotechnology. Celsia Technologies' 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. Celsia Technologies is the brand name of iCurie, Inc. For more information visit: celsiatechnologies.com .
About Advanced Energy Technology Inc.
Advanced Energy Technology Inc., is one of the world's leading manufacturers and providers of high quality natural graphite based products for customers worldwide in the electronics, fuel cell, automotive, power generation, semiconductor, transportation, and petrochemical markets. GRAFCELL®, GRAFOIL®, and eGRAF® are registered trademarks of AET. For more information on Advanced Energy Technology Inc., and its eGraf® products, call 216-529-3777 or visit our website at www.egraf.com. For additional information on our parent, GrafTech International Ltd., call 216-676-2000 or visit our website at graftech.com .
Michael Karpheden David Pasquale / Abbas Qasim
Celsia Technologies The Ruth Group
Phone: (305) 529-6290 Executive Vice President
Phone: 646-536-7006 / 7014
Email: email@example.com /
Source: Celsia Technologies