Company Honored in Silicon Valley by Irish Technology Leadership Group (ITLG)
PALO ALTO, Calif. and LIMERICK, Ireland, April 16 /PRNewswire/ -- Powervation, an emerging innovator of Auto-control(TM) digital power integrated circuits (ICs), was named as the winner of the 2009 Irish Times/Irish Technology Leadership Group (ITLG) Innovation Award. The award was presented by Ireland's Deputy Prime Minister, Mary Coughlan on Tuesday night at the annual ITLG dinner held at Stanford University. One of seven Irish companies shortlisted for the award, Powervation was recognized for its innovative technology and capability to build a strong global business.
Established in 2006, Powervation has pioneered a new class of digital power control solutions that transform the way power is delivered and managed. In the last seven months, the company launched its technology to global audiences and staged the first public demonstration at the world's premier power electronics exposition in Washington D.C. in February. The company is on track to roll out its first product in the coming months and begin volume production.
Commenting on the award, chief executive officer, Antoin Russell credited his team of digital power experts for the speedy development of a truly transformative technology for computing, consumer and netcomm applications. "We're delighted to be recognized as innovators by the ITLG and very proud to receive this elite award. We have created a differentiated power-control solution that delivers strong technical and economic advantages to manufacturers of complex electronics products and their customers. We salute our fellow Award finalists and are honored to be ranked among such innovative companies by the ITLG."
The Silicon Valley-based ITLG was established in 2007. It is comprised of senior Irish and Irish-American executives dedicated to supporting the growth of Ireland-based technology companies. The organization's chief executive officer, John Hartnett paid tribute to Powervation's disruptive technology and expert team. "This year's award finalists represented an array of superb technologies and visionary leadership. In particular, Powervation exemplifies the winning qualities we looked for: a transformational technology, strong executive team and a solid, realizable plan for global growth. We're delighted to recognize the company and we look forward to watching them grow," said Hartnett.
About Powervation
Powervation provides a new class of Auto-control(TM) digital power IC solutions that optimize power-supply performance and efficiencies for manufacturers of electronic systems used in computing, communications and consumer applications. In a simple yet revolutionary Plug-and-Power(TM) package, the company's unique technology delivers a reliable, scalable solution that reduces design complexity and cost, and accelerates time-to-market of eco power-smart devices. Powervation maintains corporate offices in Ireland and Palo Alto, Calif., with sales centers located throughout Asia, Europe and the U.S. To learn more, please visit www.powervation.com
Auto-control(TM) and Plug-and-Power(TM) are trademarks of Powervation.
About the Irish Technology Leadership Group
Established in October 2007, the ITLG is an independent organization comprised of a number of high-level technology leaders in Silicon Valley who are Irish or Irish-American. The Group includes senior executives from some of the Valley's leading corporations, each of whom are committed to helping Ireland address the challenges of embracing new technology opportunities.
SOURCE Powervation
