Core Insights - AeroFlexx has been awarded U.S. Patents 11,548,709 and 12,071,292 for a flexible plastic package that is suitable for curbside recycling, aligning with industry standards for PE-based films and flexible packaging innovations [1][4] - The AeroFlexx Pak is a recyclable mono-material package that incorporates recycled content, addressing shortcomings of existing market packages [2][3] - The design of the AeroFlexx Pak allows for a reduction of up to 85% of virgin plastic compared to traditional rigid bottles, with up to 70% less plastic at the source and up to 50% recycled content [3] Company Overview - AeroFlexx is a full-service liquid packaging company focused on sustainable solutions, combining attributes of flexible and rigid packaging to enhance consumer experience and brand value [5] - The company is headquartered in West Chester, Ohio, and is part of the Innventure family of companies, providing packaging solutions across Europe, Southeast Asia, and the Americas [6]

Core Insights - AeroFlexx has received Critical Guidance Recognition for recyclability from the Association of Plastic Recyclers (APR) for its proprietary mono-material AeroFlexx Pak, marking a significant achievement in sustainable packaging [1][2] Company Overview - AeroFlexx is a full-service liquid packaging company that combines the benefits of flexible and rigid packaging into a single product, transforming the industry and enhancing consumer experience while promoting sustainability [5] - The company is headquartered in West Chester, Ohio, and is part of the Innventure family of companies, providing packaging solutions across Europe, Southeast Asia, and the Americas [6] Sustainability Impact - The AeroFlexx Pak can eliminate up to 85% of virgin plastic compared to traditional rigid packaging, utilizing up to 70% less plastic at the source and incorporating up to 50% recycled content [3] - With a market adoption of 2.5 billion units, the AeroFlexx Pak could save 599.4 million kilowatt-hours of energy, 65.3 million gallons of gas, and reduce CO2 emissions by 256.8 million pounds, while preventing 980.8 million pounds of waste from entering landfills [4] - The production process of AeroFlexx Pak results in up to 83% less waste to landfills, 73% less water use, and a 69% reduction in greenhouse gas emissions compared to traditional rigid bottle production [4]

Group 1: Project Overview - Accelsius has been selected as a key contributor to the U.S. Department of Energy's ARPA-E COOLERCHIPS project, focusing on developing a next-generation hybrid cooling architecture for data centers [1][3] - The project aims to reduce total cooling energy consumption to less than 5% of a data center's IT load while maintaining reliability and enabling high-density computing [3] Group 2: Technology and Contributions - Accelsius will provide its proprietary MR250, a multi-rack, in-row, 250kW two-phase Coolant Distribution Unit (2P CDU), for system-level testing at the UT Arlington campus [2] - The MR250 is expected to be generally available by late 2025, enhancing the project's test infrastructure [2] Group 3: Collaboration and Impact - The collaboration between Accelsius and The University of Texas at Arlington is expected to advance the understanding and benchmarking of two-phase, direct-to-chip cooling technologies [3][4] - Industry leaders express excitement about the potential impact of this collaboration on U.S. leadership in next-generation data center efficiency [4] Group 4: Company Background - Accelsius, founded by Innventure, Inc. (NASDAQ:INV), specializes in advanced cooling solutions that help data center and edge operators achieve business, financial, and sustainability goals [5] - The company's NeuCool platform offers best-in-class thermal efficiencies through a safe, two-phase liquid cooling system scalable from single racks to entire data centers [5]

Financial Performance - The company reported revenue of $0.2 million for Q1 2025 and an Adjusted EBITDA loss of $21.8 million[58] - The company issued $20 million and $10 million convertible debentures on April 14, 2025, and May 15, 2025, respectively, for gross proceeds of $18 million and $9 million[57] - The company terminated approximately $18 million worth of Innventure and AeroFlexx debt in exchange for approximately 2.3 million Series C preferred shares, resulting in annual interest expense savings of approximately $3 million[58] - The company recognized a goodwill impairment charge of $233.213 million for the three months ended March 31, 2025[63, 67] Market and Technology - The worldwide data center CapEx is forecasted to be $455 billion in 2024[26] - The data center liquid cooling market is forecasted to be $1.3 billion in 2024, growing to $4.8 billion in 2028[26] - Air cooling accounts for 82% of the 2024 data center cooling technology market[26] Accelsius Solutions - Accelsius' two-phase direct-to-chip liquid cooling offers 6°C more headroom than one-phase direct-to-chip and 38% better thermal resistance[32] - Accelsius' partner ecosystem has grown by 194% since January 1, 2025[53]

Financial Data and Key Metrics Changes - The first quarter revenue was $200 million, primarily from management fees related to the InVentus ESG fund, aligning with expectations and consistent with prior communications that revenue growth would be weighted towards the second half of the year [35][36] - General and administrative expenses were approximately $20 million, with significant components including non-cash equity-based compensation and professional service fees [36][37] - A non-cash goodwill adjustment of $233 million was recorded due to a decrease in the company's share price and market capitalization [38] - Adjusted EBITDA for the quarter was a loss of $21.8 million, indicating a significant operational loss but reflecting the anticipated revenue growth in the future [38][39] Business Line Data and Key Metrics Changes - Excelsius is positioned to capitalize on the growing demand for two-phase direct-to-chip liquid cooling technology, with significant market opportunities identified [35][36] - The liquid cooling market is projected to grow from $1.3 billion to $5 billion by 2028, driven by advancements in AI and chip technology [14][15][34] Market Data and Key Metrics Changes - Worldwide data center spending was approximately $450 billion in 2024, expected to exceed $1 trillion by 2029, creating a favorable environment for Excelsius [10] - The current liquid cooling market is estimated at $1.3 billion, growing at an annual rate of about 30% [14][15] Company Strategy and Development Direction - The company aims to build enterprises with a minimum of $1 billion in enterprise value, focusing on Excelsius as a key growth driver [7] - Excelsius is leveraging partnerships with hyperscalers, OEMs, and global resellers to enhance market reach and capitalize on the growing demand for liquid cooling solutions [20][27] - The company is focused on developing a robust supply chain and manufacturing capacity to meet anticipated market needs, ensuring scalability and reliability [31][76] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that 2025 will be an inflection point for revenue growth, driven by increasing demand for liquid cooling solutions [34][35] - The management highlighted a significant uptick in lead generation and engagement with potential customers since the release of NVIDIA's roadmap, indicating a shift in market dynamics [66][69] Other Important Information - The company has seen a 200% increase in its strategic partner network since the beginning of 2025, indicating strong market interest and engagement [27] - The average proposal size has increased significantly, reflecting a shift towards larger scale production opportunities [28] Q&A Session Summary Question: What drove the white label agreement with the OEM? - The relationship was driven by overall market demand, not solely by hyperscaler engagement, allowing for a broader customer base [44][46] Question: Will the potential inflection point be served largely through the white label agreement? - Management indicated that while some volume is expected from the agreement, there is a much broader pool of customers engaged [51][52] Question: Can you comment on the pros and cons of flow versus pool-based cooling? - Flow-based cooling offers more reliability and headroom compared to pool boiling, which can lead to operational issues [57][59] Question: How is the company ensuring it can scale manufacturing to meet demand? - The company has established partnerships with contract manufacturers and has a strong internal team to support large volume orders [74][76]

Financial Data and Key Metrics Changes - The first quarter revenue was $200 million, primarily from management fees related to the InVentus ESG fund, aligning with expectations and previous communications about revenue growth being weighted towards the second half of the year [38] - General and administrative expenses were approximately $20 million, with significant components including non-cash equity-based compensation and professional service fees [39] - A non-cash goodwill adjustment of $233 million was recorded due to a decrease in the company's share price and market capitalization [40] - EBITDA for the quarter was a loss of approximately $248 million, with adjusted EBITDA reflecting a loss of $21.8 million [41] Business Line Data and Key Metrics Changes - Excelsius is positioned at the forefront of the two-phase direct-to-chip liquid cooling market, which is expected to grow significantly due to increasing data center budgets driven by AI and evolving chip technology [10][15] - The current liquid cooling market is estimated at $1.3 billion, growing at an annual rate of approximately 30%, projected to reach $5 billion by 2028 [14][15] Market Data and Key Metrics Changes - Worldwide data center spending was approximately $450 billion in 2024, expected to exceed $1 trillion by 2029, creating a favorable environment for critical infrastructure providers like Excelsius [10] - The overwhelming majority of data centers still use inefficient air-cooled solutions, with single-phase water cooling technologies representing only a small percentage of installations [10] Company Strategy and Development Direction - The company aims to build enterprises that can achieve a minimum of $1 billion in enterprise value, with Excelsius being a key focus due to its market potential [6] - Excelsius is developing relationships with hyperscalers, multinational OEMs, global resellers, and AI as a service providers to drive growth [21][29] - The company is focused on enhancing its manufacturing capacity and partnerships with global contract manufacturers to meet anticipated market demands [32][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that 2025 will represent an inflection point for revenue growth at Excelsius, driven by significant demand from large global players [37] - The company is optimistic about the future, citing a substantial increase in lead generation and engagement with potential customers since February [70][72] Other Important Information - The company has seen a notable increase in its strategic partner network, growing by nearly 200% since the start of 2025, indicating strong market interest [29] - The average proposal size has increased significantly, reflecting a shift towards full-scale production opportunities [30] Q&A Session Summary Question: What drove the white label agreement with the OEM? - The relationship was driven by overall market demand, not solely by hyperscaler engagement [47][49] Question: Will the potential inflection point be served largely through the white label agreement? - The company expects some volume from those agreements but emphasizes a broader pool of engaged customers [54][56] Question: Can you comment on the pros and cons of flow versus pool-based cooling? - Flow-based cooling offers more reliability and excess fluid availability compared to pool boiling, which can lead to operational issues [61][63] Question: Will NVIDIA mitigate hotspots in the next generation architecture? - The response was cautious due to non-disclosure agreements [65] Question: Can you discuss the increase in lead generation and fulfillment capabilities? - There has been a significant spike in activity since late February, with a paradigm shift in conversations towards deployment of two-phase cooling solutions [70][72]

Core Insights - Innventure, Inc. expresses strong confidence in achieving a revenue growth inflection during the second half of 2025, driven by its operating companies, particularly Accelsius and AeroFlexx [2][5]. Company Overview - Innventure is a technology commercialization platform that focuses on founding, funding, and operating companies with transformative and sustainable technology solutions, aiming for at least $1 billion in enterprise value [5]. - The company emphasizes its strategy of mitigating risks while building disruptive companies that can significantly change market dynamics [5]. Financial Performance - For the quarter ended March 31, 2025, Innventure reported revenue of $224,000, consistent with the same period in 2024 [18]. - The company incurred a net loss of $253.674 million for the quarter, compared to a net loss of $7.526 million in the prior year [28][32]. - Significant operating expenses included a goodwill impairment charge of $233.213 million, reflecting a decrease in the company's market capitalization [36]. Cash Flow and Financial Position - As of March 31, 2025, Innventure's total assets amounted to $660.419 million, a decrease from $905.289 million at the end of 2024 [15][16]. - The company reported cash and cash equivalents of $1.375 million, down from $11.119 million at the end of the previous year [15][28]. - Cash flows used in operating activities for the quarter were $14.696 million, compared to $7.397 million in the same period of 2024 [28]. Market Position and Future Outlook - Accelsius is highlighted as a key player in the two-phase, direct-to-chip liquid cooling market, engaging with major industry players and positioned for significant growth [2]. - The company anticipates a seismic shift in liquid cooling adoption, which it believes will create substantial value for shareholders [2].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ___________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) ___________________________ Delaware 93-4440048 (I.R.S. Employer Identification No.) For the quarterly period ended March 31, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition pe ...

Core Viewpoint - Innventure, Inc. is set to release its first quarter 2025 financial results on May 15, 2025, and will host a conference call to discuss these results [1]. Group 1: Financial Results Announcement - Innventure will announce its Q1 2025 financial results after market close on May 15, 2025 [1]. - A conference call will be held on the same day at 5:00 pm ET to discuss the financial results [1]. Group 2: Participation Details - Interested parties can join the teleconference by registering through a provided link, which will give them dial-in details and a unique PIN [2]. - Registration for the call is open until the live event, but early registration is recommended to ensure full participation [2]. Group 3: Company Overview - Innventure focuses on founding, funding, and operating companies that provide transformative, sustainable technology solutions acquired or licensed from multinational corporations [3]. - The company aims to commercialize breakthrough technologies, mitigating risks while building disruptive companies with a target enterprise value of at least $1 billion [3]. - "Disruptive" innovations are defined by Innventure as those that can significantly alter business operations, industries, markets, or consumer behavior [3].

Core Insights - Innventure, Inc. is sponsoring two upcoming conferences focused on innovation strategies in corporate R&D [1][2][3] Group 1: Conference Details - The Front End of Innovation 2025 will be held from May 19-21 at the Omni Boston Hotel, focusing on the theme "Harvesting Innovation: Sowing the Seeds of Future Growth" [2] - The IRI Innovators Summit will also take place on May 19-21 in Chicago, bringing together innovation experts to discuss growth drivers and cutting-edge strategies [3] Group 2: Company Participation - Colin Scott, Innventure's Senior Vice President, will present on 'Harvesting Innovation Through Collective Intelligence' at the Front End of Innovation 2025 [2] - Nicole Mignacca and Ellie Kim from Innventure will lead sessions at the IRI Innovators Summit, discussing bridging the innovation-to-market gap [3] Group 3: Engagement Opportunities - Attendees can engage with Nicole Mignacca during a panel session on "The ROI of Bold Ideas: Fueling the Innovation Pipeline" [4] - Innventure will also host an exclusive webinar and thought leader podcast to share insights on their unique model [4] Group 4: Company Overview - Innventure focuses on founding, funding, and operating companies that provide transformative, sustainable technology solutions, aiming for a target enterprise value of at least $1 billion [6]