For Release: Immediately
Contact: Joseph Marsala, CEO, (978) 526-9672, joe@tfandf.com
Thermal Form and Function, Inc. Announces Partnership Investment to Provide Innovative Cooling Solutions for Computers, Data Centers and Optoelectronics
BOSTON, MA – April 20, 2007 – Thermal Form and Function, Inc., an early-stage company commercializing an advanced cooling technology platform for high power dissipation devices and systems, today announced a strategic partnership, including a Series A financing, with Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies.
Thermal Form & Function (TF&F) is engaged in the development and marketing of a scalable, flexible, and energy-efficient cooling technology platform that can be applied to computer and communications equipment from the chip level through equipment rack and data center thermal management systems. Other applications include cooling of hybrid electric vehicles, battery systems, and ultra capacitors, as well as power electronics for fixed and mobile systems and laser-based systems for medical use, telecommunications and the military.
“Innovative cooling approaches at all levels are a pressing need for data processing and telecommunications equipment,” said Dale Thompson of Parker’s Climate and Industrial Controls group. “TF&F’s approach offers excellent performance with the potential for significant energy savings. And since cooling represents about 50% of the total power bill in a typical data center, cutting down on electricity use both reduces costs and benefits the environment.”
TF&F’s founding team includes industry veterans Joseph Marsala, CEO, and Dr. Robert Hannemann, CTO and COO. Mr. Marsala has over 25 years of thermal engineering and management experience, most recently as Vice President of Engineering at Wakefield Engineering. Dr. Hannemann’s 30-year career in high technology engineering and executive management includes key roles at Digital Equipment, Corning, Inc., and Lasertron.
“TF&F and Parker will be working together to address a variety of other cooling applications in the rapidly growing thermal control market,” said Marsala. “We believe Parker’s global infrastructure and customer relationships make them an ideal partner to help TF&F commercialize its technology.”
About Thermal Form and Function
Thermal Form and Function (www.tfandf.com) is a new electronics thermal management company based in the Boston area with a mission to design, develop, and commercialize very high performance and energy efficient cooling for diverse applications, including computers, communications equipment, power systems, and electro-optics. For more information, visit the company’s web site at http://www.tfandf.com.
About Parker Hannifin
With annual sales exceeding $9 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 57,000 people in 43 countries around the world. Parker has increased its annual dividends paid to shareholders for 50 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit the company's web site at http://www.parker.com, or its investor information site at http://www.phstock.com.
