iCurie Signs Contract With the World's Largest Supplier of CPU Coolers to the PC Industry Market Leader AVC and iCurie Establish Licensing and Distribution Contract



    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: info@icurie.com
 
      David Pasquale / Abbas Qasim
      The Ruth Group
      Executive Vice President
      Phone: 646-536-7006 / 7014
      Email: dpasquale@theruthgroup.com / aqasim@theruthgroup.com
 
 

SOURCE iCurie, Inc.

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