SEOUL, Korea, Sept. 2 - iCurie, Inc. (OTC Bulletin Board: ICUR), who develops and commercializes next-generation cooling solutions for the PC, communication and display industries, announced today the opening of its new state-of-the-art manufacturing facility at Guro Industrial Park in Seoul, Korea.
The facility has the capacity to supply more than 700,000 cooling devices a year, and can be expanded to a maximum capacity of more than 1.2 million units a year. The decision for iCurie to invest in this facility was made in March 2005, and, in less than 6 months, the facility is ready for operation.
"With this important investment completed at record time, iCurie has demonstrated to our partners our dedication to design and supply next- generation cooling solutions," said Chief Executive Officer Hakan Wretsell.
An important purpose of the plant is to supply manufacturing test samples to a wide variety of industries. Customers will have the opportunity to test and verify their new designs in close coordination with iCurie's skilled research team.
"We now have the resources and capabilities to rapidly supply up to 500 test units from a real manufacturing environment. With this facility in place, we have become a full solution provider in the field of thermal heat management," said founder and Chief Technology Officer Dr. Jeong Hyun Lee.
Just days before the inauguration, the Korean Small and Medium Business Administration, an affiliate of the Korean Ministry of Commerce, Industry and Energy, announced that it will sponsor the ISO-certification of this iCurie manufacturing facility.
About iCurie
iCurie is a United States corporation based in Miami, Florida with subsidiaries in London, England and Seoul, Korea. iCurie intends to become a world leader in developing and commercializing next-generation cooling solutions for a wide range of industries like the PC and the communications industries. The cooling solutions are built on iCurie patents in thermofluid nanotechnology. Additional information on iCurie and its technology is available at http://www.icurie.com . The company trades on the OTC market (ICUR.OB).
For additional information, contact:
Michael Karpheden
iCurie, Inc.
1395 Brickell Avenue, Suite 800
Miami, Florida 33131
(305) 529-6290
This press release contains forward-looking statements, involving risks and uncertainties. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, iCurie's ability to attract investors, iCurie's future operating results, and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
