Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 101

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 101
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 get trapped in the servers causing localized hot spots; |

| • | Very few pilot implementations are expanded on because “no one wants tanks full of perfluoroalkyl and polyfluoroalkyl substances 
 coolant in the data center;” and                                                                                                 |

| • | Leading competitors include LiquidStack, TMGCore and Submer. |

Single-Phase Direct-to-Chip (e.g., water):

| • | Water leaks that can cause catastrophic failure in servers and are the most significant risk. Users state that water leaks            
 around electronic components have occurred and destroyed the servers: “Not a question of ‘if’ it will leak, but ‘when’ it will leak”; |

| • | Bio-fouling (biofilm build up) within pipes and cold plates is a concern; |

| • | Cooling higher thermal densities requires large pumps and high pressure/flow rate of water (increasing chance of leaks & 
 electricity use); and                                                                                                    |

| • | Leading competitors include CoolIT Systems and STULZ. |

Intellectual Property Accelsius has developed a comprehensive IP strategy initially built around five filed patent applications and one granted patent, with several improvements and new inventions moving through the patent application process. Accelsius is also using trade secrets to protect certain aspects of the technology solution and manufacturing process. AeroFlexx and Refinity Overview AeroFlexx manufactures what we believe to be one of the first flexible packages designed to act like a rigid bottle (the “pak”). Its proprietary integrated valve eliminates the need for discrete closures, removes the need for pumps, and enhances the consumer use experience, while its proprietary air frame provides structural rigidity throughout the entire package lifecycle, including end of life collection and sortation. The package eliminates 50-70% of plastic used, potentially up to 85% less virgin plastic than traditional rigid bottles by incorporating recycled content and can be curbside recyclable where all plastic bottles are accepted 3. Prior to filling, the package is shipped in a freight efficient flat pak format that reduces supply chain cost and complexity. The product is also designed to solve the challenges of shipping liquids in the e-commerce channel while equally performing in traditional brick and mortar retail channels. It is ISTA-6 Amazon approved for both prep-free packaging and ship in own container, allowing customers to ship liquids more easily via the e-commerce channel. In our experience, the benefits of International Safe Transit Association (“ISTA”) certified packaging can be realized through cost savings, product protection, increased brand loyalty and greater customer satisfaction. The potential