and a much need cash infusion by IMG of 5 million (probably for production startup)...
* SUPERCONDUCTING FIRM INVESTS IN CHIP-COOLER KRYOTECH
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03/27/98
Computergram International
(COPYRIGHT 1998 Apt Data Services Ltd. (UK))
Copyright 1998 Information Access Company. All rights reserved.
* KryoTech Inc, the NCR Corp spin-off which is experimenting with
freezing chips so that they run faster, has signed a strategic alliance
with Intermagnetics General Corp, an applied superconductor and
refrigeration specialist from Latham, New York. Intermagnetics, which
produces both low temperature and high temperature superconducting
* magnets, wire and cable, has purchased shares and options in KryoTech
amounting to 22% of its outstanding equity, for $5m in cash. It also
* granted KryoTech exclusive rights to use Intermagnetics' cooling
technology as in relates to computer chip cooling, an agreement that
* lasts until 2005. The deal gives KryoTech a needed short-term cash
infusion, and access to the Intermagnetics technology and that of its
Cryogenics Inc and Polycold Systems Inc subsidiaries. Privately- held
* KryoTech has been developing its chip cooling technology since it was
formed in 1996 by a group of NCR Corp executives and engineers, but the
technology has yet to see any widespread usage. It claims to be able to
increase the performance of standard computer chips by 30 to 35%, by
cooling the parts down to minus 40 degrees Celsius. In February,
* KryoTech demonstrated a thermally accelerated 767MHz Alpha workstation
with Digital Equipment Corp at Microsoft Cor p's Windows NT Wizard
Symposium. And earlier this month, the company previewed its Cool K6 3D
workstation with Advanced Micro Devices Inc at the Cebit show in
Hanover, Germany. It has now cranked up the K6 to a clock rate of 400MHz. |
