SEOUL, South Korea, Nov. 17 /PRNewswire-FirstCall/ -- iCurie, Inc. (OTC: ICUR), 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." About iCurie iCurie is a full solution provider in the field of thermal heat management for the PC, consumer electronics, lighting and display industries. The Company is a leader in developing and commercializing next-generation cooling solutions built on iCurie's patents in thermofluid nanotechnology. iCurie's 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 http://www.icurie.com . About Asia Vital Components Co., Ltd. AVC is a total thermal solution provider and the largest CPU cooler supplier in the world. In addition to CPU cooling devices, the Company offers various kinds of thermal management devices, like the laptop thermal module, a DC fan, heat pipes and chassis, in order to offer total thermal management solutions to customers. Customers rely on AVC's "one-stop shop" service including product simulation and thermal management system integration. The Company has over 400 research and development engineers throughout Taiwan and China. Project-based design and new technology development remain the major focus of the AVC team. The Company allocates several branches all over the world to provide prompt services to customers. For further information, please visit the AVC website at: http://www.avc.com.tw . Forward-Looking Statements: This press release contains forward-looking statements, involving risks and uncertainties. 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, iCurie's ability to attract investors, iCurie's future operating results, and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. 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. Contacts: Michael Karpheden iCurie, Inc. Chief Financial Officer Phone: (305) 529-6290 Email: email@example.com David Pasquale / Abbas Qasim The Ruth Group Executive Vice President Phone: 646-536-7006 / 7014 Email: firstname.lastname@example.org / email@example.com
SOURCE iCurie, Inc.