Borealis' Cooling Technology Under Evaluation by Boeing.Business Editors GIBRALTAR, United Kingdom--(BUSINESS WIRE)--May 25, 2001 Cool Chips plc, a subsidiary of Borealis Exploration Limited Borealis Exploration Ltd. is a Gibraltar-based research and development company that owns subsidiaries dealing with materials and power transfer. The company considers itself a virtual company, and is publicly traded. (BOREF), announced today it has entered into an agreement with The Boeing Company to have its patented Cool Chips(tm) technology evaluated for potential applications to aerospace systems. Under the terms of the new agreement, Boeing will have the right of first refusal Right of First Refusal In general, the right of a person or company to purchase something before the offering is made available to others. Notes: For example, a football team may have the right of first refusal on a player's contract. for aerospace applications for this technology if the evaluation proves successful Cool Chips(tm) are small solid-state devices that pump heat to provide localized cooling, refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. , or air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. . They are projected to be more efficient than any competing technologies, as well as significantly smaller and lighter. Potential aerospace applications include the cooling of avionics, sensors, environmental air and galleys. "Cool Chips(tm) could be the perfect solution for thermal management in aircraft and spacecraft, where size, weight and power requirements are all at a premium," says Cool Chips plc President Isaiah Cox. "We are excited to be working with Boeing. Cool Chips have the potential to be an enabling technology within the aerospace market." The Cool Chip(tm) is a form of vacuum diode which, when an electric current is run through it, pumps heat from one side of the chip to the other. The technology is solid state, operating silently without the use of motors or environmentally unfriendly fluids. The first stage of the evaluation process will involve the Boeing Phantom Works The Phantom Works division is the main research and development arm of The Boeing Company. Founded by McDonnell Douglas before the merger with Boeing, its primary focus had been development of advanced military products and technologies. confirming results from existing Cool Chips(tm). As the advanced R&D unit of Boeing, Phantom Works serves as a catalyst for innovation for the company. "Boeing is always looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. innovative technologies that have the potential to reduce the cost and increase the quality and performance of its products and services," said Richard Johnson Richard Johnson may refer to:
The proprietary Cool Chip(tm) technology has been under development by Cool Chips plc and its parent since 1995. Ten patents directly related to the technology have already been issued, with more patents pending. "Our coverage is broad, and includes the basic concepts of the technology as well as various production processes" says Mr. Cox. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cool Chips plc, the technology is suitable for a wide range of applications covering many industries. Individual Cool Chips(tm) can be used for small scale cooling applications, such as the cooling of microprocessors in electronic equipment, or combined in large arrays for industrial-scale refrigeration. The company is actively seeking licensees for the technology in these and other market niches, on an exclusive basis. Borealis Exploration Limited is a research and development company, focused on developing significant new technologies for established industries. Core technologies under development include the Chorus Motor, Power Chips, and Cool Chips. (Photo: http://www.newscom.com/cgi-bin/prnh/20001004/BOEINGLOGO ) (Photo: http://www.coolchips.com/logo) URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.boeing.com http://www.borealis.gi http://www.coolchips.gi http://www.powerchips.gi http://www.chorusmotor.gi |
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