Defense, aerospace giant Lockeed Martin to use Nextreme Thermal technology
Lockheed Martin
Image 1 of 2 · Next Image…
Related Stories
- Red-hot Nextreme Thermal closes on $21.3M in new financing
- Nextreme Thermal heats up with another $13 million in financing
- Nextreme Lands Another Patent for Its Chip Cooling Technology
- Nextreme Names Director of Manufacturing
- Nextreme Thermal Licenses Caltech Technology For Cooling Solutions
- Nanotech Magazine Picks Nextreme Thermal For Award
- Nextreme Thermal Solutions Names Scientific Advisory Board
- Secret's Out: Venture Group Funded by CIA Invests in Nextreme Thermal
- Nextreme Thermal Names Marketing, Business Exec
- RTI Spin-out Discloses Name, Raises $8 Million in First Venture Round
On The Web
Site Search
DURHAM, N.C. – Venture backed Nextreme Thermal, which recently closed on more than $20 million in venture funding and is backed by the investment arm of the CIA, will be working with Lockheed Martin as a customer.
The aerospace, homeland security and defense industry giant says it will use Nextreme’s proprietary technology for use in new products.
“Lockheed Martin is a global leader and engaging with them is a tremendous step forward for Nextreme," said Nextreme Chief Executive Officer Jesko von Windheim. “They represent leading-edge technology and offer an exceptional channel into the government sector, both of which can accelerate the development of next generation products.”
Financial terms were not disclosed.
With products such as the OptoCoolers, Nextreme has developed patented means of dealing with heat in electronics. Nextreme technology helps cool light-emitting diodes and helps boost batteries by harvesting heat and turning it into power in devices such as laptops and night vision goggles. It also owns licensing rights to thin-film thermoelectric technology from California Institute of Technology that was developed at NASA’s jet Propulsion Laboratory.
Nextreme’s technology enables it to embed into semiconductor chips cooling, temperature control and power generation capabilities.
Lockheed Martin (NYSE: LMT) said it plans to use Nextreme’s thin-film thermoelectric technology to develop products and services focusing on thermal and power management for government and the private sector.
“The agreement gives us the opportunity to offer our customers new and differentiated products for enhanced thermal and power management,” said Brad Pietras, director of nanotechnology programs at Lockheed Martin.
A spin-out of RTI International, Nextreme recently closed on more than $20 million in venture financing. Investors include the CIA’s In-Q-Tel and RTI. RTI spun out Nnextreme in 2004.
Featured
Hot Off The Wire
- Hot Off the Wire – $5M bonus for Apple exec; Disney to shut studio, cut 450 jobs; Motorola co-CEO’s pay $3.77M; Adobe CEO pay plunges 68%
- Hot Off the Wire – No ‘xxx’ domains yet, Net agency says; Analyst ups Google stock value; Vin Gupta leaves InfoGroup board
- Hot Off the Wire – AT&T CEO’s pay soars to $20.2M; Analyst downgrades Yahoo; Motorola adds Bing to smartphones
E-mail Preferences
The Skinny
- N.C. Treasurer set to unveil $250M Innovation Fund manager
- Another 202 layoffs at IBM push latest count above 2,900
- ‘Social media is a beast’ – So how can your business tame it?
- In tough climate, GSK dedicates plant to fight elephantiasis
- ‘Who’s Cisco?’ New RTP site exec recalls a humble birth
- Google, N.C.? UNC-CH, Carrboro, Chapel Hill want Google Net
- Tweet this from Epic: Three more hints about Gears 3
- ‘The Daily Me’: You want your news mobile, instantly from several sources
- ‘Gears 3’ rumors grow louder – Epic president dropping hints
- Intel-ligent boost for tech – Intel, VCs launch investment alliance