GlobeNewswire by notified

Nokia and Innventure collaborate to commercialize Nokia Bell Labs’ high-performance cooling technology

Share

Press Release

Nokia and Innventure collaborate to commercialize Nokia Bell Labshigh-performance coolingtechnology

  • Innventure has established a new company, Accelsius, to commercialize Nokia’s groundbreaking cooling technology for critical electronic equipment
  • Thetechnology offers high-performance, energy efficient cooling
  • Accelsius has acquired the rights to the technology from Nokia and will be responsible for its further development and commercialization

June 13, 2022

Espoo, Finland & Orlando, FloridaNokia and Innventure announced plans to commercialize high-performance cooling technology developed by Nokia Bell Labsfor data centers and mobile networkequipment.Innventure has established a new company, Accelsius,which has acquired the rights to the cooling technology from Nokia and will be responsible for its further development and commercialization.

The groundbreaking, scalablecooling technology provides cooling direct to the chip or other heat sources. A passive two-stage coolant circulation process enablesreliable, energy efficientheat transfer and dissipation from high density heat sources, without using pumps.The simple to install, energy efficient and compact cooling solutionis adaptable for a broad range of critical electronic equipment and can be deployed at any scale,from a single server to large data centers.

Jukka Nihtila, Nokia’s Vice-President of Patent Transactions and External Alliances, said: Energy efficient networksand reliable cooling havealways been important areas of innovation at Nokia.By collaborating with Innventure, our hugely versatile cooling technology can be offered to a broad range of companies in different industries to meet the challenge of heat densities in data centers and telecom networks while lowering energy consumption.”

Bill Haskell, Founder and CEO of Innventure, said: We are very excited to build a new company around a technology that Nokia Bell Labs has been developing for more than a decade.This innovative technology addresses an acute market need across the entire spectrum of networking and computing sites. It is positioned to disrupt the cooling industry as it exists todaywith flexible solutions that can be widely deployed for data centers and telecom.

Theodore Sizer, Lab Leader, Optical Systems and Device Research at Nokia Bell Labs said: We are delighted to work with Innventure tocommercialize our groundbreaking cooling technology.This innovative solution developed at Nokia Bell Labs will enablecooling of computing systems with high heat densities, at low energy consumption and with very little complexity. This advancement will helpdata centers continue to grow their computing capacity while becomingmore energy efficient.

The collaboration between Nokia and Innventure follows the announcement in 2019 that the two companies would work together to commercialize Nokia’s technology and intellectual property in areas beyond Nokia’s core business.

About Nokia

At Nokia, we create technology that helps the world act together.

As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.

About Innventure
Founded in 2015, Innventure launches new companies targeting $1B+ potential enterprise value through the identification, funding, and commercialization of truly disruptive technologies invented by large Multinational Partners. To date, Innventure has launched three new companies: PureCycle Technologies, Aeroflexx, and now Accelsius. The technologies Innventure chooses to commercialize meet specific unmet needs and provide immediate economic value that supports rapid adoption. We proactively help mitigate many of the risks inherent in building high growth companies through our systematic DownSelect®analysis and by supporting our new companies with seasoned leadership through growth and exit.

Media Inquiries
Nokia
Communications

Email: press.services@nokia.com

Innventure
Head of Marketing
Email: carnold@innventure.com

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Huhtamaki publishes 2022 Half-yearly Report on July 21, 202230.6.2022 09:00:00 CEST | Press release

HUHTAMÄKI OYJ PRESS RELEASE 30.6.2022 AT 10:00 Huhtamaki publishes 2022 Half-yearly Reporton July21, 2022 Huhtamäki Oyj will publish its 2022 Half-yearly Report on Thursday, July 21, 2022, approximately at 8.30 am Finnish time (EEST). The release and related results presentation material will be available after publishing at www.huhtamaki.com/investors. Teleconference Huhtamaki will arrange a combined audiocast and teleconference on the same day at 9.30 am Finnish time, where the company’s management will present the results. The event will be followed by a Q&A session. The event will be held in English, it can be followed real-time at: https://huhtamaki.videosync.fi/2022-q2 If you wish to ask questions, please dial one of the following numbers 5-10 minutes prior to the call start: Finland Toll: +358981710310 Sweden Toll: +46 856642651 United Kingdom Toll: +44 3333000804 United States Toll: +1 6319131422 Confirmation code for the call is 23337170# An on-demand replay of the audiocast w

Fingerprints announces design win for its optical under-display solution with major Asian smartphone OEM30.6.2022 08:00:00 CEST | Press release

Fingerprint Cards AB (Fingerprints™) today announced that it has secured a design win* for its optical under-display solution, FPC 1632, with a major Asian smartphone OEM, following successful qualification tests earlier this year. We expect to commence shipments during the fourth quarter of 2022. “Since many years, Fingerprints is a well-established world leader in capacitive fingerprint sensors. The design win we are announcing today marks our entry into a new market segment: optical under-display fingerprint sensors. This will open up attractive new growth opportunities for us going forward, and our goal is to capture a significant share of this market,” says Ted Hansson, President Mobile, PC & Access China at Fingerprints. For more information about Fingerprints’ mobile device solutions, visit the website. * Fingerprints’ definition of Design Win (DW): The decision by a device vendor (OEM or ODM) to start development of one or several commercial product(s) incorporating Fingerprint

Inaugural Yara Clean Ammonia Capital Markets Day30.6.2022 08:00:00 CEST | Press release

Oslo, 30 June 2022: Today, Yara International ASA (“Yara”) will host a Capital Markets Day (“CMD”) for Yara Clean Ammonia (“YCA” or the “Company”). During the event, members of YCA’s management team will present key features of the Company, including its strategy and growth ambitions, as well as financial parameters and targets for the future. In May 2022, Yara announced that it is evaluating a potential initial public offering (“IPO”) of YCA on the Oslo Stock Exchange. “While the decision to list YCA will be made in due course, Yara is now excited to host an inaugural CMD for YCA to showcase their exciting story,” said Svein Tore Holsether, CEO and President of Yara. “YCA combines a leading midstream business with exceptional growth prospects and a value creating project portfolio.” Key highlights: Clean ammonia represents a massive opportunity that is projected to drive exponential, long-term market growth [1].YCA comprises existing cash flows from a market leading position [2] in a

Ultimovacs Completes Patient Recruitment in INITIUM Phase II Trial of UV1 in Malignant Melanoma30.6.2022 08:00:00 CEST | Press release

Full recruitment of 154 patients with malignant melanoma in U.S. and Europe in 24 monthsStudy provides randomized data on impact of UV1 on standard-of-care immunotherapy Topline progression-free survival data expected H1 2023 Oslo, 30 June 2022: Ultimovacs ASA ("Ultimovacs") (OSE ULTI), a clinical stage leader in immune stimulatory vaccines for cancer, announces the completed recruitment of 154 patients in the INITIUM trial. INITIUM is Ultimovacs’ Phase II clinical trial of its universal cancer vaccine UV1 in combination with the checkpoint inhibitors ipilimumab and nivolumab in metastatic malignant melanoma. Consistent with INITIUM’s event-driven design, topline progression-free survival results will be disclosed after progression of cancer or death has been observed in a total of 70 patients. “It is a remarkable achievement that Ultimovacs and its clinical partners have completed recruitment to INITIUM largely on schedule despite challenges caused by the pandemic,” said Carlos de Sou

Sampo plc’s share buybacks 29/06/202230.6.2022 07:30:00 CEST | Press release

SAMPO PLC STOCK EXCHANGE RELEASE 30/06/2022 at 08:30 am Sampo plc’s share buybacks 29/06/2022 On 29/06/2022 Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI0009003305) as follows: Sampo plc’s share buybacksAggregated daily volume (in number of shares)Daily weighted average price of the purchased shares*Market (MIC Code)14,37741.79AQEU49,88741.79CEUX8,78241.76TQEX102,19541.79XHELTOTAL175,24141.79 *rounded to two decimals On 9 June 2022, Sampo announced a share buyback programme of up to a maximum of EUR 1 billion in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. The programme, which started on 10 June 2022, is based on the authorization granted by Sampo's Annual General Meeting on 18 May 2022. After the disclosed transactions, the company owns in total 2,017,160 Sampo A shares representing 0.38 per cent of the total number of shares in Sampo plc. Details of e