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Celsia Technologies and the Korea Institute of Industrial Technology (KITECH) Announce Product Development Partnership

Posted on: Thursday, 19 April 2007, 09:00 CDT

MIAMI, April 19 /PRNewswire-FirstCall/ -- Celsia Technologies (BULLETIN BOARD: CSAT) and the Korea Institute of Industrial Technology (KITECH) today announced an agreement to co-develop high-performance cooling solutions for the CPU and GPU markets based on Celsia's patented NanoSpreader(TM) technology. Under the terms of the agreement, KITECH will provide Celsia with technical design and testing expertise and financial backing, and KITECH will retain some limited product rights. Financial terms were not disclosed.

"KITECH is focused on driving industrial technology development in Korea and across the globe, and to this end we are always interested in working with companies and organizations with innovative technologies," said Dr. Jae-Ho Yun, principal researcher, KITECH. "We see an increasing need for high- performance thermal solutions in the desktop arena, and Celsia's technology is addressing the problem in a unique and promising way."

"This partnership with KITECH is a great endorsement of the need for innovative cooling solutions and Celsia's microfluidic NanoSpreader technology," said Jae-Joon Choi, Ph.D., Celsia's chief technology officer. "This joint development effort will continue to forge our place as the performance leader in the marketplace. The combination of Celsia's technology and KITECH's significant resources will drive the development of new high- performance products on a much faster track than could be done alone."

Celsia's NanoSpreaders are the thinnest and lightest two-phase heat spreaders in the industry. Built on Celsia's patented micro thermofluidic design, the razor-thin plates or tubes are flexible to easily integrate with any electronic device and minimize the required space for cooling. Within each plate or tube is an extensive network of micro structures through which pure water moves rapidly, changing from water to vapor and back to water, removing excess heat. The NanoSpreader technology delivers significantly higher thermal conductivity (heat transfer capacity) than conventional options such as aluminum, copper and other metal materials used for cooling. NanoSpreaders can be attached directly to a heat source to enhance cooling capability. With no mechanical parts, they are noise and vibration free.

About Celsia Technologies

Celsia Technologies is a full solution provider and licensor of thermal management products and technology for the PC, consumer electronics, lighting and display industries. The company is a leader in developing and commercializing next-generation cooling solutions built on patented micro thermofluidic technology. Celsia Technologies' extensive intellectual property portfolio includes patents registered in Korea, the U.S., Japan and Taiwan, with patents pending in the EU, Russia, India and China. For more information visit: http://www.celsiatechnologies.com/.

About KITECH

Korea Institute of Industrial Technology (KITECH) is the sole professional research organization for small and medium-sized enterprises (SMEs) in Korea. KITECH is spearheading efforts to make Korea a technology powerhouse by providing support to innovative SMEs and leading development of industrial technology. KITECH is focused on strengthening the competitiveness of conventional technology as well as on developing next-generation strategic technology. KITECH promotes research collaboration with industries, research institutes and universities across the world. For more information, visit http://www.kitech.re.kr/.

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, Celsia Technologies' ability to attract investors, Celsia Technologies' 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. Celsia Technologies 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, CFO Samantha Singh Celsia Technologies, Inc. The Hoffman Agency for Celsia Phone: +1-305-529-6290 Phone: +1-408-975-3087 ssingh@hoffman.com Dr. Jae-Ho Yun, Principal Researcher Korea Institute of Industrial Technology Phone: +82-11-743-3668 jhyun@kitech.re.kr

Celsia Technologies

CONTACT: Michael Karpheden, CFO of Celsia Technologies, Inc.,+1-305-529-6290; or Samantha Singh of The Hoffman Agency for Celsia,+1-408-975-3087, ssingh@hoffman.com; or Dr. Jae-Ho Yun, Principal Researcherof Korea Institute of Industrial Technology, +82-11-743-3668,jhyun@kitech.re.kr

Source: PRNewswire-FirstCall

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