Cobasys Short-listed as a Finalist for the 'Red Herring 100 North America' Awards
11 4월 2006 - 2:01AM
PR Newswire (US)
The most-promising technology ventures will be honored at the Red
Herring Spring 2006 CEO Summit ORION, Mich., April 10 /PRNewswire/
-- Red Herring announced that Cobasys has been short-listed as one
of the top 200 contenders for its annual "Red Herring 100 North
America" list. Well over 1,000 privately held technology companies
submitted to this year's edition of the prestigious award, giving
evidence to the invigorated innovative and entrepreneurial strength
of the technology ecosystem. The finalists will be announced at the
Red Herring Spring 2006 CEO summit, May 23-25 in Monterey,
California, where the technology industry's most-innovative CEOs,
venture financiers, and corporate strategists will gather to meet
this next wave of disruptive companies. "We can see the resurgence
of the tech sector reflected in the quantity and variety of
excellent companies that we had to chose from in putting our list
together," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "It
was difficult to choose the 200 finalists and we are very happy
with the stellar quality of the companies on this short-list." "We
are extremely pleased that the Red Herring judging committee
appreciates our strategy to provide world class integrated Nickel
Metal Hydride (NiMH) energy storage solutions for hybrid
transportation requirements and for mission critical emergency
back-up power applications," stated Thomas S. Neslage, President
and CEO of Cobasys. Neslage further commented that, "Cobasys is
proud to be working with automotive companies and select
integrators to assist with their hybrid vehicle programs. We're
also responding to the need for Homeland Security by providing
safe, reliable, long-life energy storage solutions that do not harm
the environment." The "Red Herring 100 North America" award is an
important part of Red Herring's tradition of recognizing new and
innovative technology firms and their entrepreneurial founders.
Cobasys and the other nominees were rigidly evaluated on both
quantitative and qualitative criteria such as financial
performance, technology innovation, quality of management,
execution of strategy, and integration into their ecosystem. This
unique assessment of potential complemented by a review of the
actual track record and standing of a company allows 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. As part of this tradition to honor innovation and
entrepreneurship in the business of technology, Red Herring will
again host "Red Herring Spring," a two day invitation-only summit
for the CEOs and founders of the Red Herring 100 winners and
finalists in Monterey, California. The summit's C-level attendees
will convene under the theme "The Pursuit of Disruption" to discuss
major trends and opportunities and to explore partnerships,
alliances, investments, and M&A activities. Further information
regarding the event and how to register is available at
http://www.herringevents.com/rhspring06 . Cobasys designs and
manufactures advanced NiMH battery system solutions for
transportation markets, including Hybrid Electric Vehicles (HEV),
Electric Vehicles (EV) and 36/42 Volt applications, in addition to
Stationary Back-Up power supply systems for Uninterruptible Power
Supply (UPS), Telecom and Distributed Generation requirements.
Cobasys, a leader in advanced NiMH battery system solutions is a
joint venture between Chevron Technology Ventures LLC, a subsidiary
of Chevron Corporation (NYSE:CVX) and Energy Conversion Devices,
Inc. (NASDAQ:ENER). For more information about Cobasys, contact Ray
Wagner at 248-620-5700 or visit our website at
http://www.cobasys.com/ . DATASOURCE: Cobasys CONTACT: Ray Wagner,
+1-248-620-5700, or Jim Pawski, +1-248-620-5766, both of Cobasys
Web site: http://www.cobasys.com/
http://www.herringevents.com/rhspring06
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