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
E-mail Preferences
The Skinny
- Who won 'Social Bowl'? Super Bowl ads paying fans to play
- RTP broadband firm Overture, minus two top execs, launches new look
- Will RTP-based ChannelAdvisor go public? They're thinking
- What brands are winning Super Bowl hype? Two Durham firms to find out
- In Super Bowl of social media, Patriots win, Triangle firm says
- Big job cuts coming at IBM? Don't be surprised
- Erskine Bowles is among those who can cash in big time on Facebook IPO
- Ignore Facebook hype - Check out 'risk factors,' too
- Facebook vs. Google IPO: Which deal ranks better?
- Triangle StartUp Factory says business already booming