Cooltech Applications raises 8M.

February 2013

HOLTZHEIM, France -- Cooltech Applications, the first company to propose a global solution which is
both ecological and industrial for the refrigeration and air conditioning markets using Magnetic
Refrigeration technology, has recently raised 8 M of new capital from both its historic shareholders
and two new investors: Demeter Partners and 123Venture.
This new fundraising will enable Cooltech Applications to finalize the industrialization of its thermal
machine, which is established by the launch of a first line for Series Production, to enable sales to
start by the end of this year as well as to accelerate its international commercialization , announced
Sophie Paturle, Partner at Demeter Partners.
About Cooltech Applications
Created in August 2003 and based near Strasbourg, Cooltech Applications has developed and
industrialized through a 20 M euro launch aid project - MagCop which has been co-financed by
Frances Oso-ISI organization, as a truly authentic and rare rupture technology based upon
Magnetic Refrigeration principles. The technology being industrialized addresses a wide range of
applications in both the refrigeration and air conditioning markets - commercial refrigeration,
industrial or domestic, air conditioning of vehicles and buildings these varied global markets being
measured in Billions of Euros.
Reducing the cost of creating cold in its various forms has become an indispensible element of our
modern global society, where its production and use is currently accompanied by pollution and an
energy consumption that needs to be reduced added Sophie Paturle. In eliminating completely the
need for gas and reducing by half the electricity required for an equal performance in a classic
system, the Magnetic Refrigeration technology certainly appears to be the only valid response to-date
to face both environmental and economic challenges.
Following an in-depth market study, we
selected the industrial refrigerated counter
sector as a first market entry point for
commercial applications, announced Christian
Muller, CEO and Founder of Cooltech
Applications; Production of cold in the
supermarket chains represents up to 40% of the
electricity consumed, in addition to the 15% of
the total related logistic costs, hence magnetic
refrigeration will generate an important
economic advantage to our future client base.

Followed with the supplying of the hybrid &

electric vehicle sectors, which has battery
performance issues leading to limitations in
terms of autonomy, which is even further
reduced by 30% if air conditioning is also
functioning.
This new fundraising round has provided
the acceleration factor required to confirm
Cooltech
Applicationss
international
leadership in the area of industrial magnetic

refrigeration solutions, allowing the company to maintain an ambitious development strategy

confirmed Jean-Michel Barbier, Managing Partner of TechFund Europe and fund manager of the
AIRFI FCPR. Its mastery of the magnetic refrigeration technology combined with a profound
expertise in areas as varied as magnetism, mechanical systems, fluid & thermal dynamics as well as
chemistry constitutes a real technological barrier. In addition, Cooltech Applications holds title to a
very large number of international patents protecting these various technological elements.

Cooltech Applications is the first company to have created an operational system where the
performance required for industrialization has been proved and hence the only company actually
engaged in commercializing a magneto-caloric Thermal machine. This machine has been conceived to
be both simple in terms of architecture and modular, allowing a competitive unit pri ce for the
numerous potential applications while equally meeting the client based specifications, in particular
temperature and power. Cooltech Applications represents a rare opportunity in France to develop a
completely new eco-industry, added Marc Guittet, Partner at 123Venture.