Nextreme Thermal Solutions Receives Technology of the Year Award
Thermoelectric company honored by the Council for For Entrepreneursial Development
Research Triangle Park, NC (June 16 2005) - Newly founded Nextreme Thermal Solutions, a pioneer in embedded thermoelectric components, received the 2005 Technology of the Year award given by the Council for For Entrepreneursial Development at the For Entrepreneursial Excellence Awards ceremony held in Durham, NC on June 15. The Nextreme management team, led by CEO Jesko von Windheim, accepted the award. Nextreme Thermal Solutions' CTO Dr. Rama Venkatasubramanian, left, and CEO Jesko von Windheim accept the CED 2005 Technology of the Year award.
CED uses the For Entrepreneursial Excellence Awards to recognize outstanding entrepreneurs and members of the CED community for their achievements throughout the year. The Technology of the Year award is given to the individual or company that has unveiled the most innovative product or technology that fills a market need and has promising current or future commercialization prospects.
Nextreme is addressing the most pressing thermal management and power generation needs of both the defense and commercial industries. Their thin-film, superlattice thermoelectric technology, using the advantages of microelectronic wafer-scalability and high-performance materials, provides a platform for a variety of embedded thermal management applications. For example, Nextreme's technology enables a new implementation of thermoelectric devices that can be embedded directly into a semiconductor package to address hot-spots or to improve the overall thermal performance of the package. This approach opens up major new markets where prior thermoelectrics could not compete.
"It is an honor to receive such a prestigious award from the CED." said von Windheim, "We're excited to offer a unique solution to markets that obviously have pressing needs for new, innovative technology."
Nextreme raised $8 million in Series A financing in December 2004 to commercialize the technology that was under development for more than 10 years at RTI International.
"Nextreme exemplifies the winning entrepreneurial spirit that drives high-growth companies in the Research Triangle area," said Monica Doss, CED President. CED is the largest entrepreneurial support organization in the nation with more than 3,500 members representing 1,000 entrepreneurial companies, financiers and professional firms.
About Nextreme Thermal Solutions
Nextreme Thermal Solutions manufactures advanced thermoelectric components to address the escalating thermal management needs of the semiconductor, photonics, test-and-measurement and defense/aerospace industries. These high-performance solid-state components operate as miniature heat pumps for cooling semiconductors and other electronics, and for fiber-optic laser control and thermal management of integrated optoelectronics. Nextreme's unique thin-film superlattice technology provides an industry first - the embedding of an active cooling device directly into an integrated circuit's package. Other applications include converting heat into electricity for advanced power generation applications, thermal batteries and automotive energy management. Nextreme is located in Research Triangle Park, North Carolina.
For more information, please visit www.NextremeThermal.com.