Cold Heat Untethers Consumers with Innovative Quick Heating Portable Products; Company Raises $2.5 Million in Funding to Expand Product Line.Business Editors BELLEVUE Bellevue (bĕl`vy  ).1 City (1990 pop. 30,982), Sarpy co., E Nebr., a suburb of Omaha, on the Missouri River; inc. 1855. , Wash.--(BUSINESS WIRE)--Dec. 16, 2003 Cold Heat(TM), the innovator of patented cutting-edge mobile heating technology, will change the way consumers tackle everyday tasks -- with applications ranging from household appliances, to heating tools, clothing, medical devices, and military equipment. The company announced the closing of its $2.5 million series A round of funding, led by Acorn Ventures. With Cold Heat's first product launch early in 2004, the company will use this funding to accelerate sales and product development as well as to expand corporate infrastructure. Cold Heat is the result of a scientific innovation that brings heating technology into the 21st century with high-performance Adj. 1. high-performance - modified to give superior performance; "a high-performance car" superior - of high or superior quality or performance; "superior wisdom derived from experience"; "superior math students" yet practical applications around the house or office, in the car and throughout everyday life. The Cold Heat technology enables the development of cordless cord·less adj. Having no cord, usually using batteries as a source of power: a cordless telephone. cord high-performance products that can be quickly heated and cooled by channeling energy only when and where it is needed. The results are highly efficient products that require only standard or rechargeable batteries A rechargeable battery, also known as a storage battery, is a group of two or more secondary cells. These batteries can be restored to full charge by the application of electrical energy. available to all consumers. "We are excited to be a part of the Cold Heat launch. The company's world-class technology is truly innovative and we believe they have the leadership and business model to be successful and for Cold Heat to quickly become a household name," commented Scott Drum on behalf of Acorn Ventures, Inc. Acorn has been involved with early round funding for other successful Puget Sound Puget Sound (py `jĕt), arm of the Pacific Ocean, NW Wash., connected with the Pacific by Juan de Fuca Strait, entered through the Admiralty Inlet and extending in two arms c. companies including
CoinStar, InfoSpace, and Image X.
"This funding will allow Cold Heat to continue to develop our technology and product line while growing our dedicated team," said Michael Parks Michael Park can refer to:
tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. the way consumers do simple tasks -- inside and out of the home and office." About Cold Heat(TM) Cold Heat (formerly Hyperion Innovations), the innovator in portable heating technology, creates and develops high-performance appliances, tools and materials that enable users to operate in a cordless, battery-powered environment. The company's Cold Heat technology will be available in a growing line of tools and small appliances Small appliance refers to a class of home appliances that are semi-portable or which are used on tabletops, countertops, or other platforms. Such items are contrasted with major appliances, which are typically fixtures that cannot be easily moved. , with a wide variety of additional applications currently in development. Led by a seasoned management group and a global team of scientists, the Cold Heat technology is powering products that will change the way daily tasks are completed. Cold Heat is based in Bellevue, Wash. More information is available at www.coldheat.com. |
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