Nuventix Secures $14 Million C Series Funding : Energy Efficient Cooling Technology Attracts New Investors

AUSTIN, Texas (EMWNews) July 16, 2008 —

Nuventix, Inc., innovators of SynJet™

technology cooling solutions, announced today the completion of a $14

million round of funding led by Advanced Technology Ventures (ATV). New

investor Braemar Energy Ventures and existing investors CenterPoint

Ventures, InterWest Partners and RHO Ventures also participated in the

round of financing. The new funding will support rapid market adoption

the company has seen over the past year as SynJet technology becomes the

preferred solution for LED lighting, consumer electronics and computer

chip cooling.

The funding will be used to expand the company’s

product offering for new markets where harsh environment cooling would

benefit from a new approach to thermal management such as

telecommunications and outdoor lighting. In addition, the company plans

to expand its product portfolio for industry standard LED lighting

products.

“In the LED industry, SynJet technology is

allowing LED manufacturers to offer brightness levels not thought

possible for two more years,” said Jim

Balthazar, president and CEO, Nuventix. “With

this funding, Nuventix will bring similar cooling design innovation to

other markets.”

New investors include ATV, 29-year-old bi-coastal venture capital firm

with $1.6 billion in capital under management, and Braemar Energy

Ventures, venture capital specialist in the energy sector. While ATV

brings expertise from communications, infrastructure and software and

services, both venture firms focus on funding clean energy. SynJet

technology is an energy efficient cooling solution set to reduce energy

consumption not just in lighting designs, but also for data centers, an

ever increasing drain on energy supplies. Estimates from 2007 put the

energy consumption of the Internet in the U.S. at 9.4% of total

electricity use, and lighting at just over 20%.

“Demand for more reliable and efficient

thermal solutions is high, especially since solid state lighting designs

will make such a huge impact in energy consumption,”

said Wes Raffel, General Partner of ATV. “Nuventix

is poised to revolutionize how product manufacturers think about thermal

management and we are excited to be part of that.”

About Nuventix

Nuventix is revolutionizing thermal management of consumer electronics,

LED lighting, medical, telecommunications, automotive and other

electronics with patented, highly adaptable, quiet and reliable cooling

devices that efficiently – and directly –

dissipate heat from any surface. The patented SynJet technology enables

the most reliable and flexible air cooling solutions available today.

The Austin, TX-based company is venture-backed and led by an experienced

team of senior executives with a breadth of experience building and

leading thermal and startup companies to success. More information can

be found at www.nuventix.com.