Cool Chips plc and SRI International Sign Research Agreement.Business Editors GIBRALTAR--(BUSINESS WIRE)--Dec. 4, 2002 Cool Chips plc (COLCF) is pleased to announce that a research agreement has been entered into between Cool Chips and SRI International (company) SRI International - One of the world's largest contract research firms. Founded in 1946 in conjuction with Stanford University as the Stanford Research Institute, they later became fully independent and were incorporated as a non-profit organisation under U.S. specifically for the further characterization and fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. of prototype Cool Chip(TM) devices. SRI International is a leading independent research institute based in Silicon Valley. The agreement specifies multiple development stages over a number of months, and includes IP provisions. Funding will be a combination of cash and Cool Chips shares. About SRI International Silicon Valley-based SRI International (http://www.sri.com) is one of the world's leading independent research and technology development organizations. Founded as Stanford Research Institute Stanford Research Institute - Former name of SRI International. in 1946, SRI has been meeting the strategic needs of clients for more than 55 years. The nonprofit research institute performs contract research and development for government agencies, commercial businesses and nonprofit foundations. SRI is well known for its innovations in information technology, telecommunications, engineering, pharmaceuticals, chemistry, physics, and the public policy areas of education, health, and economic development. In addition to conducting contract R&D, SRI licenses its technologies, forms strategic partnerships and creates spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. companies. About Cool Chips plc Cool Chips plc was formed in 1997 to develop and market the Cool Chip(TM)- a wafer-thin disc designed to produce cooling or 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. through the use of quantum electron tunneling tunneling, quantum-mechanical effect by which a particle can penetrate a barrier into a region of space that would be forbidden by ordinary classical mechanics. across a nanometer-scale gap. Because of the inherent advantages in cooling across a gap using electron tunneling, Cool Chips are projected to attain efficiencies much higher than those available in current cooling systems cooling systems for housed animals include spraying of roofs with water, evaporative pads with fans, foggers and misters; for pastured animals shelter from the sun by trees or artificial shade devices and cooling ponds are used. in a package that is less than 10% of the size and weight of compressors. Cool Chips are modular, and can be packaged in arrays to cool virtually any size heat load. The technology is protected by an extensive portfolio of patents, both issued and pending. More information is available on the Cool Chips plc web site at www.coolchips.gi including the full text of issued patents. Cool Chips plc (COLCF) has 7,365,460 shares outstanding as of 31 March 2002. |
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