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ONSCREEN™ ACQUIRES PROPRIETARY THERMAL MANAGEMENT TECHNOLOGY PATENT


Posted: 3/29/2006

ONSCREEN™ ACQUIRES PROPRIETARY THERMAL MANAGEMENT TECHNOLOGY PATENT

LED Technology Leader Will Enhance Product Development, Explore Applications in New Electronics Markets Using Proprietary Technology


PORTLAND, Ore. — March 30, 2006 — OnScreen Technologies™, Inc. (OTCBB:ONSC), a leading provider of innovative LED technology and solutions, today announced that it has acquired all proprietary rights to the WayCool thermal cooling technology. This strategic acquisition will further enhance OnScreen's portfolio of highly differentiated LED products and enable the company to explore commercial applications in other electronics markets.  
        
WayCool thermal cooling technology enables designers of electronic systems and subsystems to transport heat effectively at very high rates, increasing the performance and duty cycles of electronic components. These ground-breaking thermal management techniques foster rapid cooling without active cooling devices such as fans, air conditioners or other mechanical aids.  The majority of failures in electronics, estimated as high as 80 percent, are due to the limitations of heat dissipation or the inability to transport heat effectively. 

“OnScreen was able to solve critical issues associated with LED technology that greatly advanced the performance of LED signage, which is inherently plagued by heat and power consumption and has enabled us to introduce ground-breaking LED offerings," said Charles Baker, President and CEO of Onscreen Technologies.  "We believe the commercial opportunities with WayCool to industries that struggle with heat dissipation issues, such as semiconductor and electronics packaging, present a tremendous growth opportunity for Onscreen and are a natural extension of the development we've done in this area over the past few years."

 

About OnScreen Technologies, Inc.:
OnScreen Technologies, Inc. (OTCBB:ONSC) using a revolutionary patent-pending technology, is developing next generation LED video displays to provide communication and display solutions for both commercial advertising and government agency signage markets, including The Department of Transportation, Homeland Security, law enforcement and emergency responders.  The OnScreen™ technology produces LED display signs that are lighter, brighter and less expensive to install and support than current LED signs in the marketplace.  More about OnScreen Technologies is available at https://onscreentech.com

 

Forward Looking Statements
This press release contains forward-looking statements that may be identified by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology.  Actual results may differ materially from the predictions discussed.  Additional factors that materially affect forward-looking statements include general economic and business conditions; the future results of projected contracts being executed; changes in the marketplace through zoning and government regulations involving LED (light emitting diodes); the success of our brand awareness campaign; ability to raise capital; competition; ability to build strategic relationships with manufacturers and/or customers; the protection of our intellectual property rights; and other factors over which the Company has little or no control, including those that the Company incorporates by reference in its Form 8-Ks, 10-Ks, and 10-Qs that it files periodically with the SEC.

 

 

Media Contact:                                                                                                    
OnScreen Technologies, Inc.,                                                
Linda Ferguson, 503-417-1700 ext. 141,             

 

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