ThermoCeramix Corporation

ThermoCeramix Corporation

December 09, 2014 09:59 ET

ThermoCeramix Enters Joint Development Agreement with Major Appliance Manufacturer

MONTREAL, QUEBEC--(Marketwired - Dec. 9, 2014) - ThermoCeramix Corporation ("ThermoCeramix" or the "Company") (TSX VENTURE:TCX), a technology-licensing company engaged in the development of high-performance, energy-efficient electric heating solutions, announced today that ThermoCeramix, Inc., a wholly owned subsidiary of the Company, has entered into a joint development agreement effective January 1, 2015 (the "Agreement") with a major appliance manufacturing company. The Agreement sets forth a framework for the development of one or more products utilizing ThermoCeramix's patented TCX™ heating technology and provides for an initial term of up to twenty months.

Under the terms of the Agreement, any new technology developed will be owned jointly by the parties. The Company will also be entitled to receive payments throughout the development process that will be contingent on the successful completion of various development milestones.

"Our stated business strategy is first to demonstrate the effectiveness of our heating technologies with our range of electric barbecue products, and then to leverage this success through licensing agreements to extend our technologies into other products and markets," commented Louis Desmarais, Chief Executive Officer. "With the recent launch of our new electric Hibachi through our subsidiary Downtown Grill Inc., we are now very proud to be signing our first major development agreement. We look forward to announcing similar transactions going forward."

About ThermoCeramix

ThermoCeramix Corporation (TSX VENTURE:TCX) is a technology-licensing company engaged in the development of high-performance, energy-efficient electric heating solutions. The Company's patented and proprietary TCX™ heating technology uses thermally sprayed heaters applied as a coating directly to almost any profile and material that requires heat. The technology is energy-efficient, scalable, and adaptable to almost any size and shape. The Company holds a strong and broad intellectual property portfolio of over 25 patents. The Company's strategy is to commercialize one application of its technology platform through the development, production and sales of a unique electric indoor-outdoor grill, then license the technology for numerous additional consumer, commercial & industrial applications. For more information, please visit the Company's web site at

Caution Regarding Forward Looking Information

Certain information set forth in this press release may contain "forward-looking statements" or "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein may constitute forward-looking statements. Any such forward-looking statements may be identified by words such as "will", "expects", "anticipates", "believe", "projects", "plans", "to be" and similar expressions. Any such statements are not guarantees of future performance and undue reliance should not be placed on them. Any such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. There can be no assurance that any such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. For more information relating to risks which may cause the Company's actual results to be different from expected and historical results, please see the Company's "Filing Statement" dated March 26, 2014 filed under the Company's SEDAR profile at, including the specific risks contained therein under the headings "Risk Factors - Manufacturing and Marketing Capability" and "Risk Factors - Reliance on Third Parties".

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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