LONDON, Sept. 22 /PRNewswire-FirstCall/ -- iCurie Lab Holdings, Ltd.,
parent company of iCurie Labs, Inc., a rapidly-growing nano-technology
company, announced today that it has named Michael Karpheden as Chief
Michael Karpheden has over 14 years of financial leadership and
international experience in the United States and Europe, including serving as
Chief Financial Officer of LM Ericsson, the largest supplier of mobile systems
in the world.
Hakan Wretsell, Chief Executive Officer of iCurie Lab Holdings, Ltd. said,
"I've had the opportunity to work closely with Michael Karpheden for many
years and I am delighted to have him on the management team of iCurie. With a
successful track record in both the international and domestic arenas, as well
as years of strategic financial and managerial experience, he is uniquely
suited to this position as we move forward in establishing iCurie as the
premier technology for a multitude of chip cooling applications."
Mr. Karpheden's eleven-year career with Ericsson of North and Latin
America included serving as Acting President responsible for all company
activities including business development and strategies, and sales and
marketing. As Chief Financial Officer, Mr. Karpheden established the
Company's finance department and also served as Director of Finance and
Logistics, managing all aspects of finance and accounting for Ericsson of
North and Latin America, including 10 U.S. subsidiaries and operations in
Mexico and South America.
"I'm very excited to join iCurie as CFO and to be working closely again
with Hakan Wretsell. The demand for a technologically advanced, more
efficient cooling system has never been greater, and iCurie is well positioned
to capitalize on this opportunity. I look forward to being part of the team
that supports iCurie in establishing a dominant industry position as it brings
its unique cooling system to market," said Michael Karpheden.
Prior to joining iCurie, Mr. Karpheden most recently served as Chief
Operating Officer for STRAX Inc., a Miami, Florida-based manufacturer and
supplier of mobile phones and accessories. In his tenure with STRAX, he
successfully negotiated sales contracts with such industry leaders as AT&T,
Telefonica Spain and Kmart and restructured overseas operations in London and
Mr. Karpheden is currently a Managing Partner with Business Growth
Consultants, a U.S. and Sweden-based company he co-founded to provide senior
level consulting services to public and private companies. Additionally, he
serves on the advisory board of Hansen Gray & Company, the lead venture
capital firm backing iCurie.
Hansen Gray & Company CEO Mark E. Gray added, "Bringing Michael Karpheden
on board reflects iCurie's commitment to building a management team with the
experience and track record to move the Company to the next level in
commercializing its unique and exciting technology."
iCurie recently announced a manufacturing partnership agreement with
Taiwan-based AVC (Asia Vital Components Co., Ltd.) the world's largest
supplier of CPU (Computer Processing Units) cooling systems.
In May, iCurie Lab Holdings, Ltd. announced that its patented iCurie
Cooled(TM) nano-technology cooling system, had passed performance testing and
received certification from LG Electronics, Inc. (KOREA:066570), one of the
top five manufacturers in the world of OEM PCs.
iCurie Lab Holdings, Ltd. is a U.K. holding corporation based in London,
England. Through its sister company iCurie Labs, Inc. in Seoul Korea, it
operates a technology research and development laboratory specializing in next
generation cooling technologies. The company's technology has a wide array of
cooling applications in development including computer chips, cellular
telephones, automotive, refrigeration, heating and air conditioning and
specialized defense applications. Additional information on iCurie and the
technology is available at http://www.icurie-lab.com .
Hansen Gray & Company, Inc., (OTC: HGCP) is a publicly-traded venture
capital firm based in Atlanta, Georgia. The firm's management has substantial
experience in all areas of investment banking, specializing in mergers and
acquisitions, with an emphasis on emerging technologies including nano-tech.
The firm has completed a series of strategic investments and acquisitions in
2004, including acquisitions such as CyberQuest, which is engaged in VR and 3D
imaging and a 45% investment stake in iCurie, which is engaged in nano-scale
cooling for semiconductors. Through ownership of Hansen Gray's shares, the
public may participate in ownership of the firm's growing portfolio of private
equity investments, such as CyberQuest and iCurie. Additional information on
the firm is available at http://www.hansengray.com or by calling
This press release contains forward-looking statements, involving risks
and uncertainties including statements regarding the Company's financial
performance. 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, our ability to leverage our
technology, manage our growth, protect our intellectual property rights,
attract new customers and general economic conditions affecting consumer
spending, including uncertainties relating to global political conditions,
such as terrorism and the conflict with Iraq. Information with respect to
important factors that should be considered is contained in the Company's
Annual Report on Form 10-KSB as filed with the Securities and Exchange
Commission. 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.
SOURCE iCurie Lab Holdings, Ltd.