MONTREAL, July 2, 2015 /CNW/ - ThermoCeramix Corporation ("ThermoCeramix", "TCX" or the "Company") (TSX Venture Exchange: TCX.V), a technology-licensing company engaged in the development of high-performance, energy-efficient electric heating solutions, announced today that it has finalized its co-development agreement with Zephyr Ventilation Inc. ("Zephyr") to jointly develop an electric grill using the TCXTM heating technology. Zephyr is a San Francisco-based market leader in kitchen ventilation hood design, innovation and technology.
"Our agreement with Zephyr is an important milestone in our licensing strategy," said Louis Desmarais, Chief Executive Officer of ThermoCeramix. "Zephyr's decision to choose our heating technology in the development of their first electric grill is a confirmation of our revolutionary heating solution. The co-developed grill will combine Zephyr's cutting-edge, innovative design with our proprietary electric platform technology to offer consumers a high-performance, competitively-priced electric grill that can be used both indoors and outdoors. We look forward to completing a definitive licensing agreement and the commercialization of our joint electric grill upon successful completion of our co-development activities."
The co-developed electric grill is Zephyr's first product offering outside of its extensive line of kitchen ventilation hoods. ThermoCeramix and Zephyr are actively working on finalizing the design and prototype of the co-developed grill. In parallel to these efforts, they have commenced pre-production phases of the project with commercial launch anticipated no later than early 2016.
ThermoCeramix's platform heating technology applies a proprietary thermal coating directly onto the surface requiring heat to create a tight bond and maximize heat-transfer efficiencies. The technology's extraordinary conductivity will allow the co-developed electric grill to reach up to 700°F in less than 10 minutes without a lid, offering superior performance relative to most gas barbecues with their lids open. The co-developed grill will be portable and can be used in condominiums and apartment buildings, with open flame barbecue restrictions, as well as outdoor spaces.
Since 1997, San Francisco-based Zephyr has continued to bring design, innovation and technology to the forefront of the kitchen ventilation hood industry. The company has challenged the perception of what ventilation means in kitchen design and created a new awareness of the importance of a high performing ventilation system. With acclaimed talent such as artistic visionary, Fu-Tung Cheng, and industrial designer, Robert Brunner, Zephyr is able to create cutting-edge residential range hoods unlike any other company. In addition, Zephyr has pioneered ventilation hood technology with the industry's first DCBL Suppression System™; an exclusive innovation that delivers the most silent, energy efficient and performance-driven range hoods available today.
As a direct result of its commitment to elevating range hood design and technology, Zephyr is the recipient of several prestigious awards including Consumer Report Buy Rating, Consumer Digest Best Buy Rating, Spark Product Design, Chicago Athenaeum Good Design, ADEX (Awards for Design Excellence), Appliance Design 'Excellence In Design' and the Architectural Products 'Product Innovation Award.'
ThermoCeramix Corporation (TSX.V: TCX) is a technology-licensing company engaged in the development of high-performance, energy-efficient electric heating solutions. The Company's patented and proprietary TCX™ heating technology uses thermally sprayed heaters applied as a coating directly to almost any profile and material that requires heat. The technology is energy-efficient, scalable, and adaptable to almost any size and shape. The Company holds a strong and broad intellectual property portfolio of over 25 patents. The Company's strategy is to commercialize one application of its technology platform through the development, production and sales of a unique electric indoor-outdoor grill, then license the technology for numerous additional consumer, commercial & industrial applications. For more information, please visit the Company's web site at www.thermoceramix.com.
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SOURCE ThermoCeramix Corporation
For further information: ThermoCeramix Corporation, Louis Desmarais, Chief Executive Officer, (450) 641-5461 ext. 5651, [email protected]; TMX Equicom, Marina Proskurovsky, Investor Relations, (416) 815-0700 ext. 288, [email protected]