News | January 22, 2019

Phononic Partners With Pepsi Bottling Ventures To Transform The Food And Beverage Retail Environment With Solid-State Cooling Technology

DURHAM, N.C.--(BUSINESS WIRE)--

Phononic, a global leader in cooling and heating technology that is transforming industries with innovative solid-state solutions, today announced its partnership with Pepsi Bottling Ventures (PBV), the largest privately-held bottler of Pepsi-Cola products in North America that manufactures, sells and distributes some of the world’s most recognized consumer brands. The partnership will expand the current deployment of Phononic’s Merchandising Refrigerator with PBV customers that include big box retail chains and convenience stores, offering food retailers an innovative and sustainable alternative to compressor-based refrigeration.

Phononic delivers a total cost of ownership value through sustainability, increased reliability and reduced maintenance costs of up to 70 percent (compared to traditional compressor-based refrigerators). And with up to 30 percent higher capacity, Phononic refrigerators store more inventory, driving higher sales and lower replenishment trips, while delivering an unsurpassed sustainability footprint using just CO2 and water, which are cleaner and safer than any other widely-used refrigerants.

“Phononic’s sustainable solid-state cooling technology is groundbreaking and furthers our goal of improving environmental sustainability throughout our entire organization and within the communities in which we operate,” said Randy Quirk, Vice President of Foodservice at PBV. “The Phononic Merchandising Refrigerator has been an incredible asset for our retail store customers. Each sustainable unit delivers compact and energy efficient utilization of merchandising floor space, uniform temperatures, and maintenance savings. Based on these features, our customers now have the freedom to rethink in-store layout and optimize refrigerator placement, creating incremental revenue opportunities.”

According to a recent survey commissioned by Phononic, 50 percent of food retail executives acknowledge that they haven’t figured out how to leverage technology as successfully as non-food retailers, and 60 percent feel their organization doesn’t invest enough in in-store technology. In the face of today’s “grocery wars,” technological differentiation is critical for food retailers – from distributors to grocers and convenience store owners. Phononic’s solid-state refrigeration and freezer technology helps food retailers reimagine the shopping experience, reducing service, maintenance and restocking effort, while allowing for optimal in-store placement.

“We are thrilled to partner with Pepsi Bottling Ventures to give food retailers the innovative solid-state cooling technology they need to improve operating margins and maximize selling potential,” says Dana Krug, Vice President and General Manager, Food and Beverage, Phononic. “Phononic’s unrivaled solid-state cooling performance allows new placement opportunities that unlock new revenue streams and channels. As the food and beverage industry continues to be disrupted by innovations in checkout efficiency and in-store convenience, food retailers face a mounting challenge: to adapt their business to meet consumer demands, sustainability markers and technology upgrades, all while balancing their bottom line.”

To learn more about Phononic’s disruptive approach to commercial food and beverage refrigeration and freezing technology, please visit: https://phononic.com/food-beverage/.

To learn more about how retailers can grow their business with beverages and equipment that satisfy the ever-changing needs of their consumers, please visit: http://www.pepsibottlingventures.com/.

About Phononic

Phononic is reimagining cooling and heating in ways never thought possible. Its breakthrough technology is transforming industries and creating new markets with innovative solid-state solutions that disrupttraditional models and ways of working. Phononic’s Thermal Engine and integrated systems design allow designers, engineers and industry leaders to reinvent and explore what’s possible. Disrupting the food & beverage industry with sustainable freezers and refrigerators that are transforming the retail environment, Phononic’s solid-state technology is rendering compressors obsolete.

Phononic is the critical element of innovation needed to radically change what it means to be efficient, effective and sustainable. Rethink what has been designed to keep things cool and hot.

For more information visit www.phononic.com or follow us on Twitter @Phononic_Inc.

About Pepsi Bottling Ventures

PBV is the largest privately-held bottler for Pepsi-Cola products in North America – manufacturing, selling, and distributing some of the world’s most recognized consumer brands. PBV is a privately-held company, operating 18 bottling and distribution facilities, serving consumers in North Carolina, South Carolina, Virginia, Maryland, and Delaware. Corporate offices are located in Raleigh, North Carolina.

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