HOLTZHEIM, France--(BUSINESS WIRE)--Dec 14, 2015--Cooltech Applications, the world's leading magnetic refrigeration development company, presented, at MEDICA (Dusseldorf, November 16-19), at its partner's booth (Kirsch), a pre-series medical fridge refrigerated by a Magnetic Refrigeration System.
Thanks to the Magnetic Refrigeration System (M.R.S) developed by Cooltech Applications, refrigerated equipment will be able to run without compressor, thus eliminating the need of refrigerant gas which are significant contributor to the Global Warming, as well as significantly reducing energy consumption of such refrigerated systems.
The MRS contains magnetocaloric materials that heat up when put in a magnetic field and cool down when removed from the magnetic field. Heat is transferred from the cold inside of the medical fridge to the warm ambient air by passing a water-based coolant through the magnetocaloric materials as they are repeatedly magnetized or demagnetized.
"This product integration is a major step forward for the magnetocaloric technology, says Christian Muller, co-funder and CEO of Cooltech Applications. After working on the industrialization of our technology during the last 3 years, we are now moving forward with system integrations in commercial or medical refrigerated equipment". First tests showed that refrigeration systems based on magnetic cooling technology will allow end users to save up to 40% of consumed energy while operating with less noise and without refrigerant gas. Cooltech Applications also plans to extend its product development in other complementary markets such as Domestic refrigeration, Cryogenics or Automotive applications.
About Cooltech Applications
Cooltech Applications is the world's leading magnetocaloric development company that is offering an economic and ecologic gas-free solution, replacing gas based compressors, to the global refrigeration and air conditioning markets. Owner of over 295 patents issued worldwide and heavily supported since its debut by significant organizations, and large market actors through developments agreements, for industrializing the technology, Cooltech Applications is now entering the commercialization process by starting partnerships with equipment manufacturers across Europe, North America and Asia.
Founded in 2003 and backed by well-established investors, combining both investment funds and significant industrial groups, Cooltech Applications' offices are located in Holztheim and Paris, France. www.cooltech-applications.com
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SOURCE: Cooltech Applications
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PUB: 12/14/2015 12:36 PM/DISC: 12/14/2015 12:35 PM