Date Announced: 23 Mar 2012 Nuventix, developer of SynJet® thermal management solutions, announced today it closed a $10 million round of investment in the company. All existing investors, including Braemar Energy Ventures, CenterPoint Ventures, InterWest Partners, Rho Ventures, The Bergquist Company, and GE (NYSE: GE) contributed to the round. The funds will be used to support global expansion, and advancement of next generation SynJet cooling for LED lighting and electronics. Nuventix’ SynJet modules are currently utilized by leading LED lighting manufacturers to cool high brightness LED lights. SynJet technology is quiet, flexible and allows designers and manufacturers to build energy efficient lighting solutions without thermal constraints. SynJet technology also ensures LED light engines run brighter and longer, up to 100,000 hours, providing the end user with better quality, longer-lasting and more cost-efficient lamps and fixtures. The same efficiencies provided to LED light engines can also be realized by embedded computing electronics, from server rooms to processors and beyond. “Nuventix has customers in over 50 countries. This funding will power both our continued global expansion and technology growth as we continue to advance SynJet technology for use in LED lighting and electronics cooling,“ said Jim Balthazar, CEO and president of Nuventix.This announcement comes on the heels of a record year for Nuventix that included a more than 300 percent increase in revenue.About NuventixNuventix is the company that cools, providing the only answer to the growing problem of thermal management in electronics. From chips in LED lighting to embedded computing and beyond, the Nuventix SynJet offers a reliable, quiet and energy efficient cooling solution in a variety of sizes and form factors. Nuventix, with its innovative SynJet technology product line, has been solving thermal management problems for customers around the world since 2003. Visit www.nuventix.com.
Contact
Helen Rodriguez INK Public Relations for Nuventix 512-382-8988
E-mail:[email protected]
Web Site:www.Nuventix.com
