1. From the minds at
Executive Summary
Turbo-Brayton Cryocoolers for High-Temperature Superconducting Systems
Contact Information
Creare is a successful research and development company providing innovative solutions for over 50 years.
Dr. Tony Dietz
16 Great Hollow Road
We have a history of successful spin-offs and are currently forming a dedicated turbo-Brayton cryocooler
Hanover, NH 03755 product company to seize significant High Temperature Superconducting (HTS) systems opportunities in the
(603) 643-3800 Main Wind Energy Generation, Power Transmission, Data Center, and Naval Vessel industries.
(603) 640-2310 Direct
ajd@creare.com HTS systems are being developed that reduce the cost of energy generation from large offshore wind turbines,
increase the capacity and reliability of the electric grid, improve the efficiency of data centers, and enable a
variety of military and aerospace applications. Today’s commercial cryocoolers (a key enabling component for
Product deployment of HTS systems) are inadequate: they are heavy, large, noisy, and require regular maintenance
Next Gen Cryocoolers for
Superconducting Systems
Creare’s 1kW-class Turbo-Brayton cryocooler technology produces a system that is 7 times lighter, 5 times
smaller, virtually silent, and uses half the energy to produce the same cooling as the best existing
Product Benefits alternative, while providing a long lifetime of maintenance free operation. This breakthrough technology is
7 times lighter unparalleled and has no current competitor.
5 times smaller
Maintenance Free Turbo Cryogenics is well placed to dominate markets that we estimate will reach $200M by 2020, and $500M
Silent by 2030. Projections based on a market analysis by SuperPower Inc. (an HTS cable manufacturer) estimate
the long-term market to be between $200M and $2B.
Industries
More than $50M of Government funds have been invested in Creare's development of cryocooling
Wind Turbines technologies for NASA, the Department of Defense, and the Department of Energy. Turbo Cryogenics presents
Electric Grid
the opportunity to utilize this solid foundation to deploy commercial products in several fast-growing markets.
Data Centers
Naval Vessels We are seeking $1.5M over 2 rounds from investors and/or strategic partners to complete development and
establish production. Investments leverage an additional $3.25M via matched Government funds and can
Development Stage be fueled at least in part by “in-kind” investment.
>50M into Technology
Based on conservative projected financials, investors will see approximately 60% IRR.
@Product Demo Phase
Funding Opportunity
TS (Fluent)
UC
-Round 1-
$1.0 M OD
PR
Matches 3M from ARPA-E Cryocooler for
H bbl Telescope
Hubble T l
OM
SP
IN-
-Round 2-
ST
OF
CU
$0.5M Cryogenic Liquefier
F FIR
Matches 0.25M from NASA
MS
Estimated Return R
Miniature Vacuum
66% IRR :: Round 1 Pump for Mars Rover Turbo
60% IRR :: Round 2 50 Years of Engineering Excellence 1961 - 2011 Cryogenics
Year Founded
1961: Creare, Inc. Inspection Robot for
Aircraft Carriers (Spectra)
2012: Turbo Cryogenics
Number of Employees MORTORQ
INDUSTRIAL
130: Creare (40 Adv. Deg) AUTOMATION
SYSTEMS
2: Turbo Cryogenics
LICENSING
Creare has commercialized its technology through sales, licensing agreements, and creation of independent spin off firms.
In total, these ventures now generate revenues of over $470 million per year and employ over 2,000 people.