Borealis Exploration Limited's Subsidiaries, Power Chips plc and Cool Chips plc, Confirm the Ability
POWER CHIPS PLC AND COOL CHIPS PLC CONFIRM THE ABILITY TO ENHANCE ELECTRON
EMISSIONS USING AVTO METALS TECHNOLOGY
Gibraltar, 18 November 2013 -- Power Chips plc (OTC PINK:PWCHF) and Cool
Chips plc (OTC PINK:COLCF) announce that their licensed Avto MetalsT
technology to enhance the emission of electrons from surfaces has now been
successfully replicated in a series of independent tests. When
commercialized for Power ChipsT, this technology should make possible an
array of new products over many industries and applications, including a
more efficient way to generate electrical power directly from heat with no
moving parts.
When commercialized for Cool ChipsT, the technology will offer greatly
enhanced thermal management capabilities for many consumer and industrial
applications, enabling more efficient, smaller, cleaner, lower-cost and
non-polluting products. Power Chips plc and Cool Chips plc plan to both
license and directly develop these applications.
The patented proprietary technology, called Avto Metals, reduces the work
function of materials including metals and semiconductors. Work function is
a measure of the energy required to remove an electron from a material. By
reducing the work function barrier, electrons can escape more readily. This
technology allows, for example, the design and building of more efficient
thermionic/thermoelectric converters and better thermal management devices
and possibly has use in many other industrial processes.
The new technology results from the discovery that quantum interference,
which reduces quantum state density at a material's surface, can be achieved
on a macroscopic scale. Simply by modifying the surface texture of a
material in precise ways, using methods commonly applied in the manufacture
of semiconductor devices, engineers should be able to exploit this Avto
EffectT and transform existing materials into materials with
precisely-engineered properties for many new applications. When we fully
understand the Avto Effect, we could possibly be able to custom design work
functions for multiple different applications.
Tests completed last week, conducted on silicon wafers with a nanoscale line
pattern, covering millimeter-scale test pads and forming a surface texture
to demonstrate the Avto Effect, showed significant and consistent reductions
in work function. Results were in line with prior tests using surfaces of
several metals. This work on the science and the technology has been ongoing
for more than 15 years. More than 40 issued patents cover both the basic
technology and many applications.
The steps forward to commercialization are not trivial and obviously high
value products will be the first developed. Commercialization is now
possible because of the tremendous advances in semiconductor technology in
the last decade which made possible the building of the required Avto Metal
structures in a major university laboratory. When the Avto Metals work began
over 15 years ago, the world simply did not have the required nanoscale
technology to either build or confirm the underlying Avto Metals science.
After scaling to larger dimensions, the technology should enable large cost
and efficiency improvements in electrical power generation and
refrigeration. The power generation technology, called Power Chips, should
revolutionize electrical power generation across virtually all applications.
For example, adding Power Chips to extract heat that is now wasted in
conventional power plants should be able to increase power generation by up
to 20% with no change in fuel consumption or emissions. Power Chips should
make possible safe, efficient distributed power, enabling buildings or
factories to cogenerate their own electricity from waste heat or geothermal
sources. In automobiles and other vehicles, for example, Power Chips may
replace the alternator, reducing the mechanical load on the engine and
thereby increasing the efficiency of internal combustion engines and
hybrids.
The cooling technology derived from the Avto Effect, called Cool Chips,
should similarly reduce the cost and increase the efficiency of most cooling
or refrigeration systems. It requires no moving parts or motors, produces no
chemical emissions, and can be miniaturized for use in micro-electronic
applications.
The Avto Metals technology is being developed by Avto Metals plc, which has
a stock symbol AMTPF but whose shares have never publicly traded, while
Power Chips are being developed by Power Chips plc (OTC PINK:PWCHF), and
Cool Chips are being developed by Cool Chips plc (OTC PINK:COLCF). All three
companies are majority owned and two are publicly-traded subsidiaries of
Borealis Exploration Limited (PSE.cz:BOREY)(OTC PINK:BOREF).
We are in discussions at present to obtain the necessary funding to bring at
least one Power Chip and one Cool Chip product to market. There can be no
assurance that these discussions will be successful or that the ongoing work
will produce any marketable products.
For more information, contact:
Dr. Rodney T. Cox, CEO
+44 207 101 9592
pr@powerchips.gi
pr@coolchips.gi
Forward-Looking Statement
The discussion of Power Chips plc and Cool Chip plc's business and
operations in this release includes in several instances forward-looking
statements, which are based upon management's good faith assumptions
relating to the financial, market, operating and other relevant environments
that will exist and affect the Power Chips plc and Cool Chip plc's business
and operations in the future. All technical, scientific, and commercial
statements regarding technologies and their impacts are based on the
educated judgment of the technical and scientific staff of Power Chips plc
and Cool Chips plc. No assurance can be made that the assumptions upon which
management based its forward-looking statements will prove to be correct, or
that the business and operations of Power Chips plc and Cool Chips plc will
not be affected in any substantial manner by other factors not currently
foreseeable by management or beyond Power Chips plc and Cool Chip plc's
control.
All forward-looking statements involve risks and uncertainty. Neither Power
Chips plc nor Cool Chips plc undertakes any obligation to publicly release
the result of any revisions to these forward-looking statements that might
be made to reflect the events or circumstances after the date hereof, or to
reflect the occurrence of unanticipated events; including those described in
this release, and such statements shall be deemed in the future to be
modified in their entirety by the public pronouncements, including those
contained in all future release, reports, and other documents filed by Power
Chips plc and/or Cool Chips plc with relevant Securities Commissions.
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