Cool Chips Unveils Cool Chips

GIBRALTAR -- Cool Chips plc (COLCF) said that its Cool Chips(TM), wafer-thin discs designed to produce cooling or refrigeration more efficiently than any competing technology, use quantum mechanical electron tunneling as the primary cooling mechanism. The Cool Chip(TM) is one of the first transformative technologies to emerge from the nanotechnology revolution. The Cool Chip(TM) technology could eventually replace nearly every existing form of cooling, air conditioning, and thermal management. Prototype devices are being shown publicly for the first time at the Nanotech Planet Conference in San Jose, California, that begins today. The company has not previously disclosed the full scientific basis for its technology. Most existing cooling systems use compressors and environment-damaging fluids and are 40-50% efficient. Smaller thermoelectric cooling devices, despite more than $1 billion spent on research, are only 8% efficient. Cool Chips(TM) are projected to operate at 70-80% of the maximum theoretical efficiency (Carnot) for cooling. "We have demonstrated the capability to make multiple prototypes that show a tunneling current in excess of 10 amps, using a wafer area approximately 9 square cm in area," said Isaiah Cox, Cool Chips' president. "This is, by far, the largest tunneling current that has ever been reported across a gap, and we expect Cool Chips(TM) to make the first use of this quantum tunneling effect in a primary commercial application." Cool Chips PLC