Quantance Sweeps GigaOM's Mobilize LaunchPad Awards
Consumer Benefits and ROI Opportunities of Industry's Fastest Power Supply Impresses Both Judges and Audience
SAN MATEO, Calif., Oct. 3, 2011 /PRNewswire/ -- Quantance Inc., manufacturer of the industry's fastest power supply for 4G mobile devices, this week was selected as winner of the prestigious GigaOM Mobilize LaunchPad Judges' Choice and Audience Choice awards, which each year honor a top startup in the mobile industry. Quantance is the first company in the award's history to sweep both categories.
"We are incredibly proud to be the first company honored with both the GigaOM LaunchPad Judges' Choice and Audience Choice awards," said Vikas Vinayak , Quantance's CEO and co-founder. "That we're a power supply company underscores that deep technology is becoming more widely recognized by not just investors but consumers, who may not realize the issue lies in the power supply but still feel the pain of slower data speeds, short battery life and, especially, dropped calls. With our recently announced Series C funding in hand, we look forward to expanding the Quantance family of power management products, including ultrafast power supplies, which will allow mobile users to experience the full promise of 4G."
Quantance was among 10 startups participating in GigaOM's Mobilize LaunchPad earlier this week in San Francisco. All finalists presented to a panel of four industry luminaries and investors, as well as the conference's audience, showcasing innovative ideas that cross the mobile spectrum, from chips to apps to mobile health devices. The judges — Bob Abbott of Norwest Venture Partners, Tim Lee of Sequoia Capital, Jim Parsons of Silicon Valley Bank and Jack Sheridan of Wilson Sonsini Goodrich & Rosati — and the audience agreed that Quantance was the winner.
Quantance offers a simple solution for mobile device manufacturers, carriers and consumers frustrated by their 4G devices' spotty coverage, battery life and slow data speeds. Judges were impressed that the company's solution improves power supply when phones need it most – to handle the higher demands of data. They also liked that it offers a compelling ROI solution for carriers wishing to enhance network capacity and improve wireless performance – ultimately helping carriers improve customer satisfaction.
Quantance's patented technology enables power supplies to operate more efficiently while responding 100 times faster than conventional solutions now in use. This extraordinary performance of Quantance's solution enables 4G devices such as smartphones and tablets to drastically increase upload speeds, which improves the user experience, extends battery life and enhances network capacity.
Quantance, a venture-backed semiconductor startup based in Silicon Valley, was founded to build the industry's fastest power supplies. Investors include TD Fund, Granite Ventures, InterWest Partners and DoCoMo Capital.
For more information, please visit www.quantance.com.
SOURCE Quantance Inc.
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