SAN JOSE, Calif., May 30, 2013 /PRNewswire/ -- GainSpan® Corporation, a leader in ultra-low power Wi-Fi connectivity for the Internet of Things, has been named a winner of the Red Herring 2013 Top 100 North America Award. As a winner of the Top 100, GainSpan joins the short list that honors the year's most promising private technology ventures in North America.
GainSpan was selected by Red Herring's editorial staff based on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.
GainSpan's wireless solutions are designed for battery powered or line powered embedded sensors, devices and appliances that are the basis of the Internet of Things. The company's ultra-low power Wi-Fi and Wi-Fi/ZigBee IP chips and modules make it possible for customers to add LAN connectivity to almost any product—quickly, easily and at low cost. As a result, nearly any device can now leverage the large installed base of Wi-Fi access points to connect to Smartphones, the existing Wi-Fi infrastructure or to the Internet.
With GainSpan solutions, customers across a variety of industries can develop a whole new class of line powered or battery powered products, connecting to the Internet or to a Smartphone or tablet. The use cases for these products include connected home applications, healthcare and fitness, smart energy, commercial and industrial applications and a whole range of consumer products, among others.
"In 2013, selecting the Top 100 achievers was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "In fact, we had the toughest time in years because so many entrepreneurs have crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe GainSpan embodies the vision, drive and innovation that define a successful entrepreneurial venture. GainSpan should be proud of its accomplishment, as the competition was very strong."
"Low power embedded Wi-Fi is becoming the most widely accepted technology for local connectivity to the internet, offering long battery life, smartphone connectivity and the support of Internet Protocol" said Greg Winner, president and CEO of GainSpan. "Winning this award from Red Herring is great recognition of our technology and market momentum. We owe this award to our many customers and partners. We are proud of our team and partners, grateful to our investors and honored and energized by our selection."
The annual Red Herring Top 100 North America Awards is one of the most acclaimed distinctions in the technology industry. Red Herring Top 100 America enlists outstanding entrepreneurs and promising companies. It selects one hundred Award winners, among the 3000 tech startups financed each year in the US and Canada. Since 1996, Red Herring keeps tabs on the up and comers.
About GainSpan Corporation
GainSpan, a spinoff of Intel Corporation, is an innovator and leader in semiconductor solutions for wireless connectivity for the rapidly emerging Internet of Things. GainSpan's solutions let customers quickly and easily create connected products for smart energy, healthcare and control/monitoring in industrial, commercial and residential markets. With a broad portfolio of state-of the art low-power Wi-Fi and ZigBee/Wi-Fi chips, modules and software, GainSpan is changing the world by connecting Things to the Internet and People to Things. GainSpan is a member of the Wi-Fi Alliance® and the ZigBee Alliance. www.gainspan.com.
Carol Felton, Communications/PR
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SOURCE GainSpan Corporation