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 Financial Officer. 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 Hong Kong. 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 (678) 542-2000. 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.