Phononic Recognized as a 2016 CNBC Disruptor 50 Company
Company is building market traction for its solid-state cooling and heating
DURHAM, N.C. — Phononic, developer of solid-state cooling and heating technology, announced that it has been named to the fourth annual CNBC Disruptor 50 List, recognizing the company as a forward-thinking startup with the potential to influence and change markets. CNBC’s Disruptor 50 is an annual list of private companies challenging the status quo and disrupting current markets across different industries.
“Semiconductor innovation has revolutionized our economy; the transistor displaced the vacuum tube and LEDs are now displacing incandescent light bulbs, but there has been no similar impact for cooling and heating.… Through innovation and a push-the-boundaries attitude the time is now for thermal solutions that are smart and sustainable,” said Tony Atti, CEO and co-founder of Phononic. “We are honored to be recognized by CNBC as a disruptor, further validating our drive to realize solid-state products not thought of or believed possible.”
Phononic said it is building market traction for its solid-state cooling and heating technology, including its Evolve health care cold storage products, residential wine chillers and refrigerators, soon-to-be-launched high-performance CPU cooler, and climate control initiatives meant to personalize and distribute cooling and heating in the home.
“Phononic’s technology is disrupting massive markets, such as those for home and commercial heating, cooling, and refrigeration products, which combined amount to a $30 billion total addressable market, and can consume up to 50 percent of annual energy use,” said Tony Fadell, independent board director at Phononic who is the co-founder and former CEO of Nest Labs as well as one of the inventors of the iPod and iPhone from his time at Apple. “CNBC’s recognition of Phononic is a tribute to the company’s revolutionary innovation and success to date, and to the rapid growth we expect our solid-state cooling and heating solutions to drive in the years to come.”
CNBC selects the most innovative companies from a pool of more than 750 around the world. The nominees are evaluated on quantitative and qualitative criteria. For the full list of Disruptor 50 companies, visit www.cnbc.com. For more information about Phononic, visit www.phononic.com.
Publication date: 6/20/2016