Real Tech Fund Develops Flexible Thermoelectric Generation Module "Frequina"
Invested in "E Thermogentech Co., Ltd."

Euglena Investment Co., Ltd.

　Euglena Investment Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative: Akihiko Nagata) is a new investment destination for the venture capital fund "Real Tech Fund". We are pleased to inform you that we have invested in Tech (hereinafter referred to as E-Thermo).
　* Thermoelectric power generation module: A power generation unit that uses the "Seebeck effect" to generate a voltage when a temperature difference is applied to different metals or semiconductors.

E Thermogentech's thermoelectric power generation module "Frequina"

　In modern society, a huge amount of waste heat, which accounts for about 60% of the total primary energy supply, is discharged to the global environment every day, and about 75% of the waste heat is occupied by low-temperature waste heat of 300 ° C or less. .. Power generation utilizing high-temperature exhaust heat (300 ° C or higher) in smelting furnaces and thermal power plants has already been put into practical use by recovery technology using steam, while power generation from low-temperature waste heat is realized by recovery technology using thermoelectric power generation modules. However, low power generation efficiency and installation location were major issues. Under these circumstances, E-Thermo has been engaged in research and development aimed at improving power generation efficiency from low-temperature exhaust heat, and has developed the flexible thermoelectric power generation module "Flexina".
　Whereas conventional thermoelectric power generation modules have a flat shape based on ceramics, the thermoelectric power generation module "Flexina" developed by E-Thermo has a thermoelectric element mounted on an ultra-thin, freely bendable substrate. Due to its structure, it can be mounted in close contact with cylindrical piping pipes such as factory plants. Therefore, it has about 2 to 3 times the heat recovery efficiency and about 2 times the thermoelectric conversion efficiency compared to the conventional ceramic substrate type module, and is excellent in both heat recovery and versatility of the installation location. I am. In the IoT era, it is expected that the movement to monitor management in production factories and energy facilities with various sensors will spread, so it is possible to secure the power supply for sensors in such facilities without relying on batteries or wiring, and maintenance costs are also high. The potential demand for "flexina" that can be reduced is expected to be enormous.
　The company is a subsidized project of the 2016 "R & D-type venture support project / commercialization support for R & D-type ventures in the seed period" by the National Research and Development Corporation New Energy and Industrial Technology Development Organization (hereinafter, NEDO). Following the adoption of STS), we are developing a thermoelectric power generation module that efficiently converts and recovers the enormous low-temperature exhaust heat of 300 ° C or less that exists in plant facilities, etc. into electrical energy.
　This time, the Real Tech Fund will underwrite the shares issued by E-Thermo through a third-party allotment, and will support the company's research and development, sales and marketing activities as a certified VC in NEDO's STS.
　The details are as follows.

About investment in E Thermogentech Co., Ltd.

■ About the outline and support contents of E Thermogentech Co., Ltd.
　Date of establishment: February 26, 2013
　Location: 13 Kujo CID Building 102, Higashikujo Shimodenta-cho, Minami-ku, Kyoto
　Representative: Shutaro Nanbu, Representative Director
　Fund: 28 million yen (excluding capital reserve)
　Business: Research, development, manufacturing and sales of thermoelectric devices, and related services, etc.
　HP: http://www.asset-wits.co.jp/e-thermo/
　Support content: Promotion of cooperation with fund-funded companies, support for research and development, sales and marketing activities
　Investment period: November 2016

■ About Real Tech Fund (HP: www.euglena-investment.jp)
　Our 100% subsidiary of Euglena Investment, SMBC Nikko Securities, Ribanesu "Limited Liability Company was founded three companies Euglena in venture capital funds that SMBC Nikko Ribanesu capital" to management and operation, the investment development of the real tech venture as the main purpose is. With a total of 23 participating companies and a fund size of 7.5 billion yen (as of November 2016), it is Japan's largest fund specializing in real tech. We are investing in and nurturing real tech ventures with the following operating companies that are investors.

Investors: Euglena Investment Co., Ltd., Revanes Co., Ltd., SMBC Nikko Securities Co., Ltd., Nippon Tobacco Industry Co., Ltd., Mitsui Real Estate Co., Ltd., Yoshinoya Holdings Co., Ltd., Rohto Pharmaceutical Co., Ltd., Kanetsu Co., Ltd., Dentsu Co., Ltd., Tokyo Century Kyowa Hakko Kirin Co., Ltd., Aizawa Securities Co., Ltd., Shimizu Construction Co., Ltd., Sumitomo Mitsui Banking Corporation, ANA Holdings Co., Ltd., THK Co., Ltd., Toyo Aluminum Co., Ltd., Daiichi Life Insurance Co., Ltd., CQ Ventures Co., Ltd. , East Japan Passenger Railway Co., Ltd., Japan Unisys Co., Ltd., JCU Co., Ltd., Toyo Spinning Co., Ltd. (23 companies in total, as of November 2016)

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