Cooling solutions company forms cold chain licensing agreement

Cooling solutions company Phononic has formed an exclusive cold chain licensing agreement with Peltier Technology.

Phononic’s Active Cooling Solutions (ACS) platform supports cold chain operations from fulfillment centers to grocery shelves to last mile delivery, while Peltier’s team of industry executives, engineers and global supply chain and third-party logistics partners provide smart modular solutions, according to a news release.

Peltier’s refrigeration and IoT software technology, from solutions for chilled or frozen grocery goods to multi-temp automated warehouses, help address cold chain leaks that led to 20% of food and drugs being wasted, according to the release.

“Peltier is excited to license and commercialize Phononic’s next generation of solid state cooling technology,” Hanson Li, Peltier CEO and founder, said in the release. “I’m excited to combine Peltier’s focus on solving temperature challenges with Phononic’s disruptive cooling platform. With an established ACS platform, supply chain and customers, Peltier will continue to deliver timely solutions for our customers’ cooling challenges.”

Phononic’s ACS platform includes merchandising refrigerators and freezers, portable totes, integrated docking stations and IoT connectivity, along with last mile, and shipping and logistics design concepts.

“We’re excited to partner with Hanson and his team at Peltier,” Tony Atti, Phononic CEO and co-founder, said. “We developed the ACS platform as a solution to the needs of e-commerce, cold chain, retail/grocery and consumer demand for innovating cooling. Licensing provides us the flexibility to leverage Peltier’s cold chain focus to support the market while we enable the future of AI through our datacenter platform.”