Exhibit
99.1
ONSCREEN
SIGNS WAYCOOL ™
LICENSING AGREEMENT WITH
CUI, INC.
Manufacturer of Power Supply
Solutions to Integrate OnScreen’s Revolutionary Thermal
Cooling Technology into Existing Product Line
Companies Agree to Co-Develop
Next Generation
Cooling
Solutions
PORTLAND, OR
(BUSINESS WIRE) - January
16, 2007 - OnScreen Technologies
™
, Inc. ( OTCBB:ONSC) , a
leader in cutting edge thermal management technology solutions and
LED signage, announced that is has signed a multi-year licensing
agreement with CUI, Inc., an Oregon-based designer, manufacturer
and distributor of electronic components with 2.2 million
subscribers, , allowing CUI to integrate OnScreen’s
proprietary WayCool thermal management technology into
Power Supply Units (“PSU”) CUI is currently producing
for application in a wide range of electronic devices.
The terms and
conditions of the licensing agreement provide for CUI to pay
OnScreen a royalty on unit sales of all CUI-produced PSU’s
manufactured with WayCool technology. In addition, the
companies have agreed to collaborate on the co-development of
proprietary, next generation cooling solutions for the high-end
industrial and consumer electronics industries.
James McKenzie,
founder, President and CEO of CUI, stated, “Designers and
engineers historically have endeavored to overcome the complicated
temperature profile inherent in power supply systems. When
factoring cumulative heat contribution from transistors,
transformers, capacitors, diodes, PC boards and enclosures, it is
essential that development of cooling techniques and the management
framework consider the entire system. Following our assessment of
WayCool’ s novel approach to thermal cooling and
management, it became evident to our engineers that this was highly
differentiated and cost effective technology capable of efficiently
offloading heat generated in our power supply systems without
costly re-engineering. We are very excited about the possibilities
WayCool presents for CUI to advance its leadership in the
power supply industry and look forward to leveraging
WayCool to co-develop revolutionary new power supply
solutions with OnScreen.”
Consumer
electronics is the largest worldwide market for power supply and
power management integrated circuits, according t