iCurie to Enter New Strategic Partnership

Commercialization and Joint Development Letter of Intent Expands

Thermal Management Solutions Into New Markets and Materials

Nov 03, 2005, 00:00 ET from iCurie, Inc.

    SEOUL, South Korea, Nov. 3 /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, announced
 today it has executed a letter of intent with Advanced Energy Technology, Inc.
 ("AET"), a leading producer of electronic thermal management solutions under
 the eGRAF (R) brand name.  AET is a subsidiary of GrafTech International Ltd.
 (NYSE:   GTI), one of the world's largest manufacturers of high quality
 synthetic and natural graphite and carbon based products.
     The partnership between AET and iCurie will involve the sales and
 marketing by AET of iCurie's current products utilizing AET's extensive
 network and capitalizing on the commercial success already achieved by AET in
 the thermal management market.  AET will have exclusive rights to sell and
 market certain iCurie products for specific market segments. In addition, AET
 and iCurie will jointly work on the development of new products based on the
 combination and integration of AET and iCurie's current thermal management
 technologies, including AET's graphite material science based thermal
 management and iCurie's micro fluidic thermal management technologies. Jointly
 developed products will be sold and marketed by AET.
     Hakan Wretsell, Chief Executive Officer of iCurie, said, "This is a major
 opportunity for us to work with one of the world's largest companies engaged
 in commercializing new thermal management technologies based on expansive
 graphite and carbon science. Importantly, this joint development partnership
 could move iCurie's proprietary thermal management technology into
 commercialization in yet another materials environment.  We have already shown
 very good test results in solutions based on copper, silicon and aluminum. The
 distribution potential of the partnership with AET is just as important. AET
 has significant marketing and distribution experience as shown through their
 rapid commercialization of eGRAF(R) thermal management products. Through their
 sales network, we expect to rapidly commercialize our products in completely
 new industries, such as the automotive and flat panel display industries."
     Dr. Jeong Hyun Lee, Chief Technology Officer and Founder of iCurie, said,
 "Graphite opens vast new opportunities for our customers to apply our thermal
 management solution in several new product categories given graphite's light
 weight, malleability and competitive cost.  By managing heat even more
 efficiently, we can continue to improve performance, quality and product
 lifetimes.  From an operations standpoint, this partnership could give iCurie
 immediate access to a complementary R&D organization and add powerful sales
 and marketing resources to help ensure the successful commercialization of
 jointly developed products."
     John Wetula, President of AET, commented, "Collaborating with an
 innovative science based company in the thermal management market represents
 an important strategic initiative for AET.  Adding iCurie's current
 technologies and products to our portfolio will allow AET to leverage our
 success with eGraf(R) products to further our vision of becoming the world's
 leading thermal solutions provider.  The joint development of next generation
 thermal management solutions will create new opportunities in various market
 segments and accelerate the achievement of our goals."
     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. Former
 Samsung scientist Dr. Jeong Hyun Lee, also known for his award-winning work at
 NASA on two space shuttle missions, leads iCurie's team of engineers. 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 .
     About Advanced Energy Technology Inc.
     Advanced Energy Technology Inc. is one of the world's leading
 manufacturers and providers of high quality natural graphite and carbon-based
 products for customers worldwide in the electronics, fuel cell, automotive,
 power generation, semiconductor, transportation, and petrochemical markets.
 GRAFCELL(R), GRAFOIL(R), and eGRAF(R) are registered trademarks of AET.  For
 more information on Advanced Energy Technology Inc., call 216-529-3777 or
 visit our website at .  For additional information
 on our parent, GrafTech International, call 302-778-8227 or visit our website
 at .
     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.
      Michael Karpheden
      iCurie, Inc.
      Chief Financial Officer
      Phone: (305) 529-6290
      David Pasquale / Abbas Qasim
      The Ruth Group
      Executive Vice President
      Phone: 646-536-7006 / 7014
      Email: /

SOURCE iCurie, Inc.