GridPoint Selected for Red Herring 100 Spring 2007, The “Most Promising” Companies Driving Future Technology
Previous Winners Include YouTube, Google, Yahoo!, eBay and Netscape
WASHINGTON - May 2, 2007 - GridPoint, Inc., a leading clean tech company whose smart grid platform benefits electric utilities, consumers and the environment, announced today that it is a recipient of Red Herring 100 Spring, an award given to the top 100 private technology companies based in North America and announced at the Red Herring Spring 2007 event this week at the Hyatt Regency in Monterey, Calif.
"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity." says Joel Dreyfuss, Editor-in-Chief of Red Herring. "With venture capital flowing again, it’s exciting to see technology innovators and business investors collaborate to create disruptive technologies. The Red Herring 100 North America companies are impressive up-and-comers, and definitely the ones to watch."
Red Herring’s annual lists of top private companies are an important part of the company’s tradition of identifying new and innovative technology companies and entrepreneurs. Companies like YouTube, Google, Yahoo!, eBay, Skype, Salesforce.com and Netscape were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work. This year marks the 10th anniversary of the Red Herring 100 Awards.
GridPoint is the pioneer of an innovative smart grid platform that aligns the interests of electric utilities, consumers and the environment. GridPoint SmartGrid Platform™, unlike any other intelligent clean technology, offers electric utilities supply management, demand management, renewable energy integration and environmental stewardship. The platform provides an intelligent network that integrates energy storage technologies, load measurement and control devices, and renewable energy sources at the edge of the grid. Utilities gain real-time, direct control to manage peak periods as well as balance supply and demand in an economical, scaleable and environmentally beneficial manner.
Red Herring’s editorial staff rigorously evaluated more than 800 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development. For more about GridPoint and other Spring 100 winners, please see http://www.herringevents.com/spring07/redherring100.html
About Red Herring
Red Herring is a global media company which unites 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. More information about Red Herring is available on the Internet at www.redherring.com
About GridPoint
GridPoint, Inc., a leading clean tech company, is the pioneer of an innovative smart grid platform to benefit electric utilities, consumers and the environment. GridPoint SmartGrid Platform™ offers an intelligent network that integrates energy storage technologies, load measurement and control devices, and renewable energy sources at the edge of the grid, under utility control. The platform enables utilities to efficiently balance supply and demand by deploying stored power during peak periods, reducing customers’ non-essential loads, optimizing existing base-load generation assets and relieving stress on transmission and distribution (T&D) lines. For consumers, GridPoint’s platform provides protection from power outages, increases energy efficiency and integrates renewable energy, paving the way for the commercial success of solar and wind energy sources.
On the Net: www.gridpoint.com
Contact Information
Suzanne Lauer
703.862.3137 or slauer@gridpoint.com
Media Contact
Suzanne Lauer
(703) 862-3137 or
slauer@gridpoint.com