News : Press Releases
Angstrom Power named Red Herring Canada Top 50 Finalist
List Ranks Canada’s Most Innovative Privately Owned Companies
North Vancouver, Canada, September 9th, 2008 – Angstrom Power Incorporated, a developer of micro fuel cell technology for hand-held electronics devices, today announced that it has ben named a finalist for the first annual Red Herring Canada Top 50 list which ranks Canada’s most innovative privately owned companies.
Companies named to Red Herring Canada Top 50 are evaluated on both quantitative and qualitative criteria, including: financial performance, technology innovation, quality of management, and execution of strategy, according to Red Herring. This assessment of potential is measured by a review of the actual track record and standing of a company, allowing Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
“We are proud to have been selected as a finalist by Red Herring for its prestigious Canada Top 50 in 2008,” said Paul Zimmerman, CEO of Angstrom Power.
“This validates Angstrom’s front-running position in micro fuel cells, and follows industry-leading agreements with the world’s premier mobile energy and consumer electronics companies signed in the previous twelve months,” Zimmerman said. Being named a finalist on the Red Herring Canada Top 50 is the third industry recognition of Angstrom’s Micro Hydrogen™ technology this year. In June, Frost & Sullivan named Angstrom Power winner of its 2008 North American Technology Innovation of the Year Award in the field of micro fuel cells. In September, AlwaysOn selected Angstrom for its 2008 GoingGreen 100 Top Private Companies list.
Angstrom is designing the next generation of safe, mobile power for tomorrow’s multipurpose handheld electronics. The company is currently collaborating with world-leading battery manufacturers, portable electronic device makers and mobile service providers towards the commercialization of its Micro Hydrogen™ technology.
The 2008 Red Herring Canada Top 50 was announced at the Red Herring Canada Conference, September 15-17 in Mont Tremblant, Quebec. The conference provides an opportunity for Canada’s most innovative technology companies to deliver their message directly to major VCs and other investors and technology executives from North America and beyond. Director of Business Development, Olen Vanderleeden, presented Angstrom’s story to the more than 300 investors and technology innovators in attendance on Wednesday, September 17, 2008.
About Angstrom Power
Angstrom Power Incorporated is a Vancouver-based company founded in 2001 to develop and commercialize micro-structured fuel cells based on a novel fuel cell architecture. The unique fuel cell architecture, combined with innovative concepts for hydrogen fuel and integrated into passive Micro Hydrogen™ systems, enables high energy density in small form factors suitable for portable devices like cell phones. Angstrom Power has successfully built prototype devices and is currently in the process of developing products for industrial and consumer markets. The family of products includes end-user devices as well as products for refueling. The refueling can either be portable using cartridges or fixed using existing hydrogen infrastructures. To-date, Angstrom has 14 patents issued and over 50 applications pending, representing a deep intellectual property base. For more information please go to www.angstrompower.com.
Product inquiries
Angstrom Power Incorporated,
(604) 980-9936,
info@angstrompower.com
Media inquiries
Tom McHale, McHale & Dunne PR,
503-544-9429
tom.mchaledunne@gmail.com
About Red Herring
Red Herring is a global media company uniting the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy.
For more information, visit http://www.herringevents.com/canada08/index.html
Media Inquiries
Angstrom Power Inc.
(604) 980-9936 • info@angstrompower.com