DURHAM, N.C.--(BUSINESS WIRE)--Phononic, a global leader in solid state cooling technology, today announced that it has been ranked #39 in CNBC’s 11th annual Disruptor 50 list for its mission and advancements in bringing sustainable cooling solutions worldwide. The CNBC Disruptor 50 is an annual list of select companies challenging the status quo, disrupting current markets and creating new ones across different growth industries. This is the fourth time Phononic is recognized as a Disruptor 50 honoree for its forward-thinking solutions that drive sustainability and the inevitability of solid-state cooling across diverse global markets, including Optics/LiDAR, Cold Chain/Last Mile and HVAC. The award recognizes Phononic’s transition from semiconductor and hardware manufacturer to Active Cooling Solutions™ provider leveraging a platform that includes hardware, services, IoT connectivity and a turn-key contract manufacturing network to customers and licensees.
In a warming planet where the need for cooling is ever-increasing, it is mission critical to create solutions that counteract global warming while meeting comfort and increasing living standards. Traditional cooling methods leak toxic/HFC refrigerants that are over a thousand times more harmful than CO2. If left unchecked, these refrigerant leakages and their CO2 emissions will outpace that of automobiles over the next 20 years. Phononic is bringing sustainable solutions to an industry desperate for innovation by eliminating toxic/HFC refrigerants while meeting demanding performance requirements at competitive costs.
“It’s an honor to be named on the 2023 CNBC Disruptor 50 list for the fourth time alongside other innovative changemakers,” said Tony Atti, co-founder and CEO of Phononic. “Sustainability market pressures are heating up, and there is an immediate need for solutions to turn the climate crisis around. Today’s achievement recognizes that our disruptive solid state cooling solutions answer the call for more sustainable choices for global cooling instead of the current outdated refrigeration models that leak greenhouse gasses into the atmosphere. We’re proud to lead the charge to sustainably transform cooling and heating through solid state innovation.”
Phononic’s proprietary cooling solutions offer proven economic value to customers and licensing partners in various industries that demand high-performance solutions. Phononic’s thermoelectric technology and integrated system architecture not only eliminate toxic/HFC refrigerants with high Global Warming Potential (GWP) but use CO2 and water to deliver a GWP of one or less. Scientists estimate that limiting global warming to 1.5 degrees Celsius would reduce the odds of initiating the most dangerous and irreversible effects of climate change. The pathway to 1.5 °C requires immediate and dramatic emissions reductions over the next ten years. This win further demonstrates Phononic’s mission to transform global cooling and heating sustainably through solid state innovation.
The 2023 CNBC Disruptor 50 list was selected by CNBC's editorial staff and its Disruptor 50 Advisory Council based on a proprietary blend of quantitative and qualitative information. For the full list of Disruptor 50 companies, please visit: https://www.cnbc.com/cnbc-disruptors/. For more information about Phononic, please visit www.phononic.com.
As the global leader in solid state cooling technology, Phononic is driving the world to a more sustainable way to cool. Its transformational technology reduces greenhouse gas (GhG) emissions and supports climate goals, while meeting the demanding performance needs of the market. The company’s thermoelectric devices and integrated products are mission critical to how people work and communicate; how automobiles ‘see’; to the protection and effective delivery of life-saving vaccines and drugs; to cooling solutions supporting grocery cold chain fulfillment needs; and to innovative methods that cool living and workspaces. For more information on the company, visit: www.phononic.com.