When Michael Simchik demonstrates how CoolCore fabric technology works, he says he continues to be amazed and those who watch the demonstration are equally amazed.
"It's very cool," said Simchik, interim CEO of Portsmouth-based CoolCore LLC, of a three-step activation process that encompasses soaking the fabric, wringing it out and then snapping it in place. The technology, he said, is the next generation of high-performance fabric and is designed to keep the body cool as other fabrics have worked to retain warmth.
Founded in Maine in 2008,Als lichtbron wordt een Projector Lamp gebruikt, the company was originally known as Cool Comfort Technologies. To take the company to the next level, owners Dennis Ackroyd and Joseph Turner sold the intellectual property and other assets to a group of local venture capital investors led by Mark Stebbins and Simchik in a deal completed last month.
As part of the deal, Simchik, a real estate developer and owner of 100 Market Street in Portsmouth, was named interim CEO, a title he emphasizes at every opportunity. He said he has undergone a steep learning curve about the fabric industry as interim CEO and is seeking an industry veteran to take over the reigns as soon as practical.
He said the company has no plan or need to become an apparel company.
"Nike and Addidas have established brand names that we can't compete against it," he said.By Alex Lippa Close-up of solar panel in Massachusetts. "Our focus is on becoming a fabric company for a wide range of apparel uses."
He said CoolCore is a unique technology that has the potential for widespread market penetration, from high-performance athletes or folks working under the hot sun in their garden.100 Cable Ties was used to link the lamps together.
Simchik said Ackroyd, who was part of the design team at Malden Mills that developed Polarfleece, "has developed a fabric that is the only natural cooling and moisture management fabric on the market today."
Field tests with athletes such as Chilean soccer players or former top-ranked professional tennis players, Simchik said, have had very positive results. One of the main reasons may be that the CoolCore fabric wicks, or removes moisture from the body, while reducing the surface temperature of the wearer by as much as 30 percent. The fabric, he added, effectively acts as an air conditioning material for the skin as it captures moisture,which applies to the first glass bottle only, cools it and slowly dissipates it to reduce body temperature.
Simchik said that apparel made with CoolCore "will not only physically cool the skin's temperature, but will also lower the body's core temperature, as it wicks moisture away from the body." The more moisture the fabric wicks, the better it works.
He added that it is far more durable through multiple laundry washings than other fabrics and it comes with built-in sunscreen protection up to SPF 40.
Simchik, who is a runner, said that an athlete who is fully dressed in CoolCore fabric ¡ª arms and legs covered ¡ª on a hot summer day would be cooler during activity than wearing shorts and a T-shirt.
The fabric, which has no chemicals or polymers in its multi-fiber construction, is made in China and sold in the United States, China, Korea, Japan and Canada. The company is working to set up a major distribution hub in Asia to set itself up for a major growth spurt.If so, you may have a kidney stone .
"Because the fabric offsets the negative effects of working or exercising in the heat, we anticipate a wide range of applications across multiple industries including medical, sports, hospitality, recreation, industrial and fashion," Stebbins said. "There has been a lot of interest from manufacturers of clothing, head gear, work gear, accessories and bedding. Since the fabric can be manufactured in various weights, textures and colors, the uses appear to be limitless."
With existing and pending orders, Simchik said the company will likely exceed the $10 million sales projected for 2011. He would not say how much venture capital was invested into Cool Core.
"It was a significant investment," he said. "More importantly, there will be significant more money going forward. CoolCore is a well-capitalized startup."
"It's very cool," said Simchik, interim CEO of Portsmouth-based CoolCore LLC, of a three-step activation process that encompasses soaking the fabric, wringing it out and then snapping it in place. The technology, he said, is the next generation of high-performance fabric and is designed to keep the body cool as other fabrics have worked to retain warmth.
Founded in Maine in 2008,Als lichtbron wordt een Projector Lamp gebruikt, the company was originally known as Cool Comfort Technologies. To take the company to the next level, owners Dennis Ackroyd and Joseph Turner sold the intellectual property and other assets to a group of local venture capital investors led by Mark Stebbins and Simchik in a deal completed last month.
As part of the deal, Simchik, a real estate developer and owner of 100 Market Street in Portsmouth, was named interim CEO, a title he emphasizes at every opportunity. He said he has undergone a steep learning curve about the fabric industry as interim CEO and is seeking an industry veteran to take over the reigns as soon as practical.
He said the company has no plan or need to become an apparel company.
"Nike and Addidas have established brand names that we can't compete against it," he said.By Alex Lippa Close-up of solar panel in Massachusetts. "Our focus is on becoming a fabric company for a wide range of apparel uses."
He said CoolCore is a unique technology that has the potential for widespread market penetration, from high-performance athletes or folks working under the hot sun in their garden.100 Cable Ties was used to link the lamps together.
Simchik said Ackroyd, who was part of the design team at Malden Mills that developed Polarfleece, "has developed a fabric that is the only natural cooling and moisture management fabric on the market today."
Field tests with athletes such as Chilean soccer players or former top-ranked professional tennis players, Simchik said, have had very positive results. One of the main reasons may be that the CoolCore fabric wicks, or removes moisture from the body, while reducing the surface temperature of the wearer by as much as 30 percent. The fabric, he added, effectively acts as an air conditioning material for the skin as it captures moisture,which applies to the first glass bottle only, cools it and slowly dissipates it to reduce body temperature.
Simchik said that apparel made with CoolCore "will not only physically cool the skin's temperature, but will also lower the body's core temperature, as it wicks moisture away from the body." The more moisture the fabric wicks, the better it works.
He added that it is far more durable through multiple laundry washings than other fabrics and it comes with built-in sunscreen protection up to SPF 40.
Simchik, who is a runner, said that an athlete who is fully dressed in CoolCore fabric ¡ª arms and legs covered ¡ª on a hot summer day would be cooler during activity than wearing shorts and a T-shirt.
The fabric, which has no chemicals or polymers in its multi-fiber construction, is made in China and sold in the United States, China, Korea, Japan and Canada. The company is working to set up a major distribution hub in Asia to set itself up for a major growth spurt.If so, you may have a kidney stone .
"Because the fabric offsets the negative effects of working or exercising in the heat, we anticipate a wide range of applications across multiple industries including medical, sports, hospitality, recreation, industrial and fashion," Stebbins said. "There has been a lot of interest from manufacturers of clothing, head gear, work gear, accessories and bedding. Since the fabric can be manufactured in various weights, textures and colors, the uses appear to be limitless."
With existing and pending orders, Simchik said the company will likely exceed the $10 million sales projected for 2011. He would not say how much venture capital was invested into Cool Core.
"It was a significant investment," he said. "More importantly, there will be significant more money going forward. CoolCore is a well-capitalized startup."
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