BOREALIS COOLING TECHNOLOGY UNDER EVALUATION BY BOEING
Cool Chips plc, Gibraltar, 25th May 2001
Cool Chips plc, a subsidiary of Borealis
Exploration Limited (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 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, or air conditioning. 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 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 innovative technologies that have the
potential to reduce the cost and increase the quality and performance
of its products and services," said Richard Johnson of the Boeing
Phantom Works. "Cool Chips appears to be a technology worth
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
"Our coverage is broad, and includes the basic concepts of the
technology as well as various production processes" says Mr. Cox.
According to 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.
The Boeing Co.
David J,. Phillips
206 655 8021
Disclaimer: The disclaimer can be found at http://www.borealis.com/ForwardLookingStatement.htm
Last Updated on May 25, 2001.
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