Celsia Technologies (OTCBB: CSAT) today announced a multi-year agreement with Yeh-Chiang Technology Corporation (YCTC), a world leader in the global heat pipe industry. Under the terms of the agreement, Taiwan-based YCTC will manufacture Celsia's thermal management products in a facility in China. YCTC will also license Celsia's patented thermofluidic technology to offer to its key OEM customers.
"Celsia's technology is exactly what the market needs today," said John Yang, founder of YCTC. "With Celsia's new vapor chamber technology and its thin, flat form factors, customers can have greater flexibility and simplicity in their electronic designs and assemblies. We believe this technology is the next step for electronics heat transfer, and it will provide great differentiation to our customers."
"We are building partnerships across the electronics supply chain so that in addition to our strong technical position, Celsia is equally strong in its distribution and supply network," said George Meyer, Celsia's chief marketing officer and general manager of the Americas and Europe. "YCTC is an excellent heat pipe manufacturer with a laser focus on manufacturing two phase heat transfer products. The combination of Celsia technology and YCTC manufacturing will be a formidable force in the market."
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 in China. For more information visit: http://www.celsiatechnologies.com/.
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 Linda Quach
Celsia Technologies, Inc. The Hoffman Agency
Phone: (305) 529-6290 (408) 975-3013
lquach@hoffman.com