|From: donpat||12/18/2006 8:34:34 AM|
|Electricity-saving nano startup moves to UK/JH Lee/iCurie/AirNatech|
By Andrew Murray-Watson
The Independent on Sunday
Dec. 18, 2006 -- A start-up nanotech company, which has secured $250 million in funding commitments and promises to significantly cut the world's energy usage, is to set up its global headquarters in the UK.
AirNatech, which has developed a technology to cut electricity usage in heating, ventilation and air conditioning units by at least 50 per cent, is establishing itself in Cambridge.
The company's backers claim that AirNatech could have a market capitalization of more than $1 billion by the end of next year and will create more than 100 high-skilled jobs in the UK. AirNatech was created from the merger of UK-based Air-Nacon and NIL Technology of Denmark and is backed by Bridgehead Group, a U.S. boutique investment bank.
The company decided to move to the UK after meetings with officials from the UK Trade and Investment's Global Entrepreneur Program, a body set up by the government to attract hi-tech companies to the country.
AirNatech's nanotechnology works by making heat exchangers, such as those found in air conditioning units, significantly more efficient. The company claims that its specially engineered copper is 40 times more effective at transferring heat than conventional materials.
The technology was originally created by J. H. Lee, a former NASA scientist who helped develop the powerless cooling technology in the U.S. space shuttle.
Eric van der Kleij, the British government's senior global deal-maker, said: "We believe that emerging technologies that work towards conserving energy should be supported by government. The harnessing of these complementary technologies which are being acquired by Air-Natech will act as a catalyst towards commercialization."
(c) 2006 The Independent on Sunday. via ProQuest Information and Learning Company. All Rights Reserved.
Revolutionary nano-scale super-cooling technology to get global rollout from UK
This was published: 2004-04-16 11:00:00
A former NASA scientist and his team will bring their revolutionary new nano-scale, super-cooling technology to the world - from a UK base.
The patented, environment-friendly system is expected to have a major global impact on a range of everyday applications - ranging from air conditioning to increasing computer speeds.
After award-winning work on two space shuttle missions with NASA, former Samsung scientist Dr Jeong Hyun Lee created and patented the breakthrough cooling technology - initially to address the development-hindering problem of semiconductor cooling. The radical cooling technology is unique in that it does not require fans, pumps, dangerous gases or electricity to be effective. The system has been initially applied to semiconductor cooling in overcoming one of the biggest barriers in developing faster computer speeds - heat. However Dr Lee and his team believe the technology could eventually reduce the size and running cost of air conditioning by around 70%.
In a landmark deal that was assisted by UK Trade & Investment, iCurie Lab Holdings Ltd. has attracted significant series A investment from specialist US Emerging-Technology finance organisation Hansen Gray & Company Inc. (OTC: HGCI), to establish the worldwide headquarters in the UK. The new company also hopes to create hundreds of new jobs in the UK nanotechnology sector.
Curie's CEO, Dr J H Lee said: "The world has only recently started to understand the true impact of current cooling methods which can often consume a significant amount of energy or use chemicals which could endanger the environment. We wanted to provide our solution to the problem as efficiently as possible from a global-rollout perspective. We found that the UK offers the ideal financial, technical and corporate environment from which to grow a major global business."
Mark E Gray, Chief Executive of Hansen Gray & Company Inc, said: "We could not be more pleased to have completed the iCurie agreement, and our special thanks goes to the British Government's Global Entrepreneur Programme and their crucial support. We believe in world-class management teams, as well as businesses with the potential for sustainable growth based on quality and innovation in the value chain, versus ones that compete solely on price. We were very impressed with Dr Lee and iCurie's underlying innovations which embody all of these qualities, when properly supported in the right funding and development environment."
William Pedder, head of UKTI's Inward Investment team said: "This important agreement represents a double-win for the UK, by attracting both word class scientists and intellectual property in iCurie Labs, as well as significant inward-investment finance from Hansen Gray & Company to the UK. We are delighted that the strengths of the UK have once again been recognised as one of the most favourable locations in the world for a establishing disruptive, knowledge-based global business."
iCurie and Hansen Gray were provided with assistance and resources of UKTI's Global Entrepreneur Programme, crucial information on key strategic funding sources, as well as professional advice from PricewaterhouseCoopers on the most efficient corporate structure to create, protect, and develop a new major global business.
Background information on this article:
UK Trade & Investment is the government organisation that provides integrated support services for UK companies engaged in overseas trade and foreign businesses focused on the UK as an inward investment location. It brings together the work of teams in 200 British embassies and FCO posts overseas and government departments across Whitehall. In England, UK Trade & Investment services are delivered through the 45 Business Links and other partners including Regional Development Agencies and Chambers of Commerce, coordinated by nine regional International Trade Directors. The devolved administrations in Scotland, Wales and Northern Ireland have their own arrangements for local delivery of services. UK Trade & Investment's work ensures UK and overseas companies benefit from the organisation's continuing commitment to provide an integrated service, delivering business opportunities through a global network. For more information visit the web site www.uktradeinvest.gov.uk
The UK Global Entrepreneur Programme is a specialist team created within UK Trade & Investment. Comprised of successful entrepreneurs and venture capitalists known as "Dealmakers", the team use their extensive networks and experience to identify and attract the highest calibre flow of "People and Ideas of Exceptional Potential" to the UK.
AirNatech Holdings Ltd. Establishes in the UK a Major Environmental Nanotechnology Win for UK Trade and Investment
Monday November 6, 8:15 am ET
UKTI's Global Entrepreneur Program and US Bridgehead Group collaborate to create AirNatech Holdings Ltd. in the UK, immediately securing a seven figure investment in NIL Technologies of Denmark. This move marks phase two of the group's global strategy of becoming a worldwide leader in ultra-efficient Nano-technology powered refrigeration, renewables, and related industries such as solar and fuel cells.
LONDON and NEW YORK, Nov. 6 /PRNewswire/ -- Bridgehead Group (http://www.bhgltd.com ), the international business strategy, venture capital and investment banking organization based in New York City, has recently acquired a major stake in NIL Technology ApS, a Danish Nanotechnology company which pioneered Electron-lithography techniques for reliably creating nanostructures & imprint services -- much needed to develop the next generation of ultra energy-efficient refrigeration and computing technologies. The move follows Bridgehead's financing in February 2006 of AirNacon Ltd., which will also become a subsidiary of AirNatech Holdings Ltd. With the assistance of UK Trade & Investment's (UKTI) Global Entrepreneurs Programme (GEP), Bridgehead Group now has organized its operations including AirNacon Ltd. and NIL Technologies within a single UK-based holding company called AirNatech Holdings Ltd.
London based AirNatech will finance, structure, control and grow its global operations in the air conditioning, refrigeration, and related nano-technology industries. AirNatech and its partners provide companies and technologies with excellent growth potential and a holistic support system that enables synergy between the companies, traction with strategic partners, employee participation, exit strategies, and access to innovation coupled with protection of intellectual property at early stages. The principal objective of the group is to facilitate but professionally manage billion-dollar industry super-growth, by deploying experienced management together with extraordinary industry innovation.
The UKTI GEP helped Bridgehead Group in many aspects of planning, structuring and financing for AirNatech to become a British headquartered company. GEP Dealmaker Eric Van der Kleij aided Bridgehead by providing key information about the benefits of a UK holding structure. Bridgehead's relationship with Mr. Van der Kleij began around three years ago when he helped Bridgehead's CEO Jeppe Hansen acquire a stake in iCurie, now Celsia Inc. The GEP will continue to assist the AirNatech team as it executes the next phases of its $250M financing and commercial growth plans.
UKTI created the GEP to attract talent, finance, and take advantage of the unique strategic benefits of the UK as a global headquarters for major new businesses. The GEP utilizes a network of proven successful entrepreneurs or "Dealmakers," such as Eric Van der Kleij, who provide information and guidance on every aspect of setting up a new venture in the UK. "We are very pleased to have helped Bridgehead form a cohesive and pioneering global technology group that that will create substantial value for all the components by capitalizing on the synergies between them," said Derek Goodwin, Head of Global Entrepreneurs Programme. "We believe that emerging technologies, especially those that are working towards advanced ways to conserve energy, should be supported by governments. They are a crucial part of the future that we are pleased to be supporting."
Mr. van der Kleij commented, "I have enjoyed working with Bridgehead at every stage of the process. They are an exciting organisation, always at the forefront of technological and commercial innovation. The recent creation of AirNatech proves once again that their sophisticated and effective mentorship of global entrepreneurial innovation is instrumental in helping a start-up company to become a global success in its field."
Mr. Jeppe Hansen, Chairman of AirNatech and Chief Executive Officer of Bridgehead remarked, "Bridgehead is extremely grateful for the support of UKTI. They have consistently provided us with exemplary assistance and guidance, and their support and experience enables us to gain far more commercial and investment traction than a purely private company. Basing this global group in London will provide numerous advantages that other countries cannot offer, such as a superior strategic global reach and more favorable protection of the group's intellectual property."
About The Global Entrepreneurs Programme
UK Trade & Investment launched the Global Entrepreneurs Programme (GEP) in 2003 as a new approach to economic development. The GEP champions new business ideas by bringing together entrepreneurs and those who can best guide them towards success in the UK. Experienced Dealmakers act as a liaison between the government and entrepreneurs. For more information visit the GEP website at entrepreneurs.gov.uk .
UK Trade & Investment is the government organization that provides integrated support services for UK companies engaged in overseas trade, and foreign businesses focused on the UK as an inward investment location. For more information visit the web site at uktradeinvest.gov.uk .
About NIL Technologies
NIL Technology ApS is a nanotechnology company pioneering electron lithography to deliver consistent quality nano-imprint services and stamps required to unlock the next generation of refrigeration, fuel cell, microprocessor, and optical equipment. nilt.com
About Bridgehead Group
Integrating the key components of capital creation and business management into a seamless system is the cutting edge concept of Bridgehead Group. The Bridgehead Group Business System combines industry leading strategic partners, investment funds and business management into a powerful new strategy that minimizes risk, increases speed to market and maximizes return for breakthrough ventures across the globe. bhgltd.com
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|From: donpat||3/21/2007 8:15:39 AM|
|Using steam to cool computers|
By Michael Kanellos, CNET News.com
Wednesday, March 21 2007 11:35 AM
You can hold Celsia's new cooling component for about three seconds. Then your fingers start to feel as if they're getting burned.
It's part of a new line of components from the San Jose, Calif.-based company that it says will cool off torrid hotspots inside computers and light fixtures running light emitting diodes (LEDs) better than conventional heat pipes or fans.
Feeling is believing. In the corporate demonstration, a person stirs a cup of hot water with a stick of copper. It takes about five seconds or so to feel a gradual warming sensation. The human guinea pig then stirs with one of the company's heat spreaders: the rapid rise in temperature is noticeable before two seconds elapse. Holding the NanoSpreader for five seconds is nearly impossible.
The sudden rush of heat occurs because steam is being created inside the NanoSpreader, said George Meyer, director of development at the company, which was re-launched in 2006. The exterior of the device is a copper sleeve that absorbs heat from a processor or a hard drive.
The interior consists of a series of vacuum-sealed chambers and channels containing small amounts of water. The water turns to steam, which then conducts the heat from the source to another component, such as an aluminum heat sink, that can dissipate the heat into the ambient atmosphere.
"Steam conducts heat better than almost any substance out there," he said.
Testers often don't believe that. "There's got to be some sort of chemical in there," one observer said, though Meyer affirmed that the active ingredients are copper and water.
Heat is one of the primary obstacles for industrial designers and consumer electronics manufacturers these days. Consumers want small, quiet devices. Unfortunately, components like processors and hard drives generate a lot of heat and often require fans or heat pipes, tubes of metal that conduct heat away, to keep them cool.
"The digital video recorder is one of the most strenuous applications for a hard drive there is," said Meyer. Blade server manufacturers and makers of telecommunications equipment are also shopping for new components to remove heat.
The company is also targeting LED lights. Although LEDs can produce a significant amount of light per watt of power, LEDs also generate a significant amount of heat. Thus, LED arrays often need cooling components.
IBM and other companies have created water or oil-filled components for cooling internal computer components for years. But many of these devices contained relatively large amounts of water and are therefore physically large.
Shrinking the size of these components so they won't add bulk in smaller computers has been a bit of a challenge. Cooligy has developed a liquid cooling system, but it requires a mechanical pump. Other companies working on products in this market include Nanocoolers and Cool Chips. None of these companies has experienced broad adoption yet.
For its part, Celsia asserts that it has an advantage in that its components are fairly small, measuring only a few millimeters thick, and are made out of fairly basic materials. It has also teamed up with Taiwan's Yeh-Chiang Technology, one of the largest manufacturers of heat pipes.
Getting this far hasn't been easy. The company emerged from South Korea as iCurie in 2001. In 2005, a new management team was installed and an additional US$20 million in funding was raised from various sources.
Celsia's components cost more than ordinary heat pipes or cooling technologies, but fewer cooling components are needed. In the end, the company says using its components versus ordinary ones should be cost-neutral.
The smaller number of components also frees up designers.
"If you are looking at an ultralight portable, you could build it without a fan," he said.
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|To: donpat who wrote (31)||4/17/2007 9:39:07 AM|
|Celsia Technologies Receives 2007 Frost & Sullivan Innovation of the Year Award|
Tuesday April 17, 8:00 am ET
NanoSpreader Technology Demonstrates 'Technological Superiority'
MIAMI, April 17 /PRNewswire-FirstCall/ -- Celsia Technologies (OTC Bulletin Board: CSAT - News) today announced that it has been selected as the recipient of the Frost & Sullivan 2007 North American Thermal Management Technology Innovation of the Year Award. Frost & Sullivan chose Celsia for demonstrating technological superiority through its NanoSpreader(TM) microfluidic cooling technology. Award recipients are chosen by the Frost & Sullivan analyst team through interviews with major market participants and extensive secondary research, considering emerging and existing technologies, R&D, product launches, customer acceptance, penetration rates and time to market.
"Manufacturers need innovative cooling solutions that can help them continue to create smaller, faster and more affordable devices," said Raman Monga, industry manager, SMT & Electronic Components, Frost & Sullivan. "Celsia's NanoSpreader technology improves cooling efficiency, lowers weight and reduces complexity compared to traditional cooling solutions. In addition, it can improve system costs and extend system life in CPUs, graphics processors, LEDs, communications products, DLP projectors and other devices."
"The Frost & Sullivan award win is a validation of our strategic direction and confirms that our innovative technology is a preferred choice in industries where controlling heat has become a major concern," said Hakan Wretsell, CEO of Celsia. "We are continuously researching new ways to make our solutions more efficient for our partners and customers. Through several design wins and commercial orders, we have shown the market that we have the solutions for even the most demanding applications. Our current project and customer portfolio contains approximately 40 very promising opportunities for the company."
About the Frost & Sullivan Innovation Awards
Each year Frost & Sullivan presents the award to a company that has carried out new research that has resulted in innovation(s) that have or are expected to bring significant contributions to the industry in terms of adoption, change and competitive posture. The award recognizes the quality and depth of a company's research and development program as well as the vision and risk-taking that enabled it to undertake such an endeavor.
Frost & Sullivan recognizes companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
About Celsia's NanoSpreader Technology
Celsia's NanoSpreaders are the thinnest and lightest two-phase heat spreaders in the industry. Built on Celsia's patented micro thermofluidic design, the razor-thin structures are flexible to easily integrate with any electronic device and minimize the required space for cooling. Within each structure is an extensive network of micro channels through which pure water moves rapidly, changing from water to vapor and back to water, removing excess heat. The NanoSpreader technology delivers significantly higher thermal conductivity (heat transfer capacity) than conventional options such as aluminum, copper, heat pipes and other metal materials used for cooling. NanoSpreaders can be attached directly to a heat source to enhance cooling capability. With no mechanical parts, they are noise and vibration free.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics and demographics. For more information, visit www.awards.frost.com.
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 patented micro thermofluidic technology. 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. For more information visit: www.celsiatechnologies.com.
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|To: caly who wrote (32)||5/31/2007 3:35:14 PM|
|Somebody's still willing to throw money at the company...|
Celsia Technologies Secures $8.14 Million in Funding
Thursday May 31, 8:00 am ET
Financing To Support Continued Technology Commercialization
MIAMI, May 31 /PRNewswire-FirstCall/ -- Celsia Technologies (OTC Bulletin Board: CSAT - News) today announced that on May 25, 2007 the company secured $8.14 million in financing through a private placement of convertible secured debentures. $6.85 million of the debentures were issued in exchange for cash, and the remaining debentures were issued in exchange for outstanding promissory notes of Celsia. The debentures are secured by substantially all of Celsia's assets and may be converted into shares of Celsia common stock at an initial conversion rate of $0.125 per share. The debentures were not registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. Further information with respect to the financing will be included in a Form 8-K to be filed with the U.S. Securities and Exchange Commission by Celsia on or prior to June 1, 2007.
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 patented micro thermofluidic technology. 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 China. For more information visit: celsiatechnologies.com.
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