ACT Congratulates Yale Eastman’s Induction to Central Penn Business Hall of Fame

Lancaster, Pennsylvania – December 4, 2007 – Mr. Yale Eastman, a member of the Board of Directors and a shareholder of Advanced Cooling Technologies, Inc. (ACT) was inducted to the Central Pennsylvania Business Hall of Fame in a award ceremony on December 3, 2007.

Mr. Eastman has spent his entire career in the development of new technology-based businesses. He started as an engineer and later moved into engineering management at RCA’s Electron Tube Division in Harrison, NJ and Lancaster, PA. He was involved in setting up the first color picture tube factory in Lancaster in 1954. During his tenure at RCA from 1950 to 1975, Mr. Eastman worked on various technologies including color picture tubes, thermionic energy converters, lasers and heat pipes, and led the new business development activities in several of these technology areas.

In 1970, Mr. Eastman, with wife, Jane, and R.W. Longsderff, founded Thermacore, Inc in Lancaster, PA. He served as its CEO until 1997 and retired from Thermacore in 1999. The company was acquired by Modine Manufacturing Company in April 2001. At the time of the sale, Thermacore had several hundred employees and operations in five countries. The company’s main products are heat pipes, used to cool electronic equipment.

In 1999, Mr. Eastman founded STAR-H Corp. and served as its President until 2004. STAR-H develops antenna technologies and products for military and commercial markets

Mr. Eastman has been active in promoting new technology business startups in the central and eastern Pennsylvania areas. He was a founding member of the Technology Council of Central Pennsylvania in the early 1980s and an early member of the Pennsylvania Innovation Network. He is also a member of the Lancaster Angels Group, SCORE advisory board, and a Science Factory advisor.

In 1995, Mr. Eastman, with wife, Jane, founded the Eastman Family Partnership and serves as a Co-General Partner. The Partnership helps entrepreneurs start technology-based companies by providing financial investments and management advices. The Partnership is actively participating in six small technology companies. The products of these companies range from heat transfer and software to infra-red detectors, antennas and robotics.

Mr. Eastman is a prolific inventor with twenty U.S. patents and a hobbyist in broad areas including amateur radio, photography, fossil collecting and birding. He is a member of the Institute of Electrical & Electronic Engineers, the American Institute of Aeronautics and Astronautics and the Lancaster County Conservancy.

ACT is a developer and manufacturer of advanced heat pipes, pumped liquid and two-phase loops, and thermal storage devices. ACT specializes in technology development and custom thermal product design and manufacturing. ACT’s technologies have been used in applications from spacecraft thermal control to catalytic reactor cooling to medical surgery temperature control. ACT currently serves customers worldwide in Aerospace, Military, Commercial, and Government R&D markets. Many of these customers are in the Fortune Global 500 list.

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