Member News: Phononic Named #33 on 2017 CNBC Disruptor 50

Solid-State Cooling and Heating Innovator Makes List for Second Consecutive Year

Durham, N.C. – May 16, 2017: Phononic, the company revolutionizing cooling and heating with solid- state technology and products, today announced that it has been named to the fifth annual CNBC Disruptor 50 List ranked #33. This marks the second consecutive year the company has been recognized for its forward-thinking approach to influence and change mass markets. CNBC’s Disruptor 50 is an annual list of private companies challenging the status quo, disrupting current markets and creating new ones across different growth industries.

“Phononic is proving that solid state thermoelectric cooling and heating solutions can compete and disrupt markets that have been slow to implement change. With thousands of refrigerators now in the hands of healthcare, pharmacy and residential customers; more than a million devices cooling fiber optic and telecommunications data networks and commercial/beverage refrigeration on the horizon, the time is now for solid-state mass market adoption,” said Tony Atti, CEO and co-founder of Phononic. “We are honored to be recognized by CNBC again as a disruptor, joining a world-class group of companies redefining industry.”

Phononic delivers thermoelectric devices, scalable components and fully integrated turnkey product solutions to customers in fiber optics, high performance computing, refrigeration and climate control. Its Evolve product series is becoming the preferred cold storage solution in life sciences and healthcare, wine preservation and consumer and commercial/beverage refrigeration markets. With high volume semiconductor manufacturing in RTP, NC and an international supply chain and customer network, the company is well positioned to deliver sustainable solutions that compete on a global scale.

“CNBC has recognized Phononic’s rapid market traction yet again,” said Tony Fadell, a Phononic board director and co-founder CEO of Nest as well as an inventor of the iPod and iPhone. “Phononic has proven it can fundamentally disrupt huge consumer and business markets with its technology and ability to execute. I couldn’t be more excited by the company’s growth and prospects.”

CNBC selects the most innovative companies based on feedback from a global pool of entrepreneurial experts from around the world. For the full list of Disruptor 50 companies, please visit: www.CNBC.com. For more information about Phononic, please visit www.phononic.com.

About Phononic:

Phononic is innovating semiconductor solutions that revolutionize cooling and heating. Named to CNBC’s 2016 and 2017 Disruptor 50 lists, the Company’s disruptive solid-state approach displaces compressors, heat sinks, and fans with products that are smart and sustainable. Backed by a diversified and global mix of venture and private equity investors, Phononic’s products can be applied to everything from refrigerators to fiber optics, removing the barriers of traditional incumbents and ushering in a new era of cooling and heating. For more information visit www.phononic.com or follow us on Twitter @PhononicRTP.