SAN JOSE, Calif., Feb. 11 /PRNewswire-FirstCall/ -- Celsia Technologies (OTC Bulletin Board: CLST) announces that it has been chosen by Nathaniel Group Inc. to provide the cooling solution for its concentrating photovoltaic (CPV) system for generating electricity. In June 2008, Nathaniel received a $250,000 grant from the Clean Energy Development Fund through the Vermont Department of Public Service to build a working prototype of a CPV system.
"Nathaniel Group has worked hard to identify best in class vendors for the CPV project," explained Joel Melnick, president of the Nathaniel Group. "We knew the thermal solution was going to be a particularly difficult challenge because of our design requirements. Most notable among these were a very small footprint requirement, the ability to operate through an enormous temperature range, and the need to remain effective in a variety of positions as the system tracks the sun throughout the day."
"While CPV systems may offer many advantages, including ultra high efficiency at a low cost per watt, the very nature of magnifying and concentrating the sun's rays onto a small photovoltaic cell produces a tremendous amount of heat," Celsia's CEO, Joe Formichelli noted. "Using our patented NanoSpreader(tm) vapor chamber technology we were able to meet all of the Nathaniel Group's specifications for the thermal module. We look forward to being part of this next generation solar solution."
About Celsia Technologies
Celsia Technologies is a full solution provider and licensor of thermal management products and technology for the PC (server, notebook, desktop), consumer electronics, and LED lighting / display industries. The company, working with many of the largest processor manufacturers, OEMs, and display manufacturers, 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 the U.S., Japan, Taiwan, and Korea with patents pending in the EU, Russia, India and China. For more information, visit celsiatech.com.
NanoSpreader is a trademark of Celsia Technologies. All other trademarks and tradenames held within are the properties of their respective holders.
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.
