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MIAMI and DALLAS , May 26 /PRNewswire-FirstCall/ -- Celsia Technologies(OTC Bulletin Board: ICUR), a full solution provider and licensor of thermal management products and technology for the PC, consumer electronics, lighting and display industries, and Lighting Science Group Corporation (OTC BulletinBoard: LSGP), a leading designer and marketer of super energy efficient LED lighting solutions based on its proprietary Optimized Digital Lighting(TM)(ODL(R)) technology, today announced a sales and development agreement.
Under the terms of the contract, Celsia will create new thermal management solutions for Lighting Science's general illumination LED lighting products, including its breakthrough ODL(R) Low Bay facilities lighting fixtures andconsumer oriented LED R30 light bulbs. Celsia will contribute its technology and knowledge of micro-fluids and two-phase heat transfer as well as the manufacturing process. Lighting Science will contribute its design anddevelopment expertise, sales & marketing resources and extensive knowledge ofLED applications. Lighting Science will also be the exclusive distributor ofthese new thermal management solutions.
Hakan Wretsell, Chief Executive Officer of Celsia Technologies, said, "We are pleased to be entering into a relationship with another world-classtechnology leader. We are enthusiastic about working with Lighting Science because we will be able to leverage development, manufacturing, sales, marketing and distribution resources. By having these combined resources inplace, we will be able to accelerate our commercialization process and improvetime to market. In addition, Lighting Science is actively exploring opportunities to sell their products through a variety of channels, and we believe their solutions will drive a technology shift in the white LED,general illumination market. With our new distribution agreement in place, Celsia's technology will be included in these next generation illumination solutions, which will further enhance our distribution platform. Lighting Science's selection of Celsia as the sole supplier of two-phase cooling solutions once again confirms the strength and competitiveness of our technology offering. We have already delivered 1,000 test units to Lighting Science, and are optimistic about the prospects of this relationship."
Ron Lusk , Chairman and Chief Executive Officer of Lighting Science GroupCorporation, commented, "Celsia's technology will expand our product offering, enabling us to design products with excellent performance for the generalillumination market, including Par, MR and other standard-format replacement bulbs. We expect that by having a new, more powerful and flexible thermal management solution, we will be able to develop higher lumen, more efficient LED lighting solutions for our customers. This agreement opens new doors forus that will benefit our customers greatly and should expedite the market penetration of LED lighting."
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 its patents in thermofluid nanotechnology. Celsia Technologies' extensive intellectualproperty portfolio includes patents registered in Korea, the U.S., Japan and Taiwan , with patents pending in the EU, Russia , India and in China . Celsia Technologies is the brand name of iCurie, Inc. For more information visit:http://www.celsiatechnologies.com/ .