LITTLETON, Colo., June 17 /PRNewswire/ -- Infinite Power Solutions, Inc. (IPS), a maker of innovative solid-state, rechargeable, thin-film micro-energy storage devices, today announced it has been named one of the companies to watch in 2010 by a national program founded by the Edward Lowe Foundation. The Colorado Companies to Watch title is bestowed to those businesses that are developing valuable products and services, creating quality jobs, enriching communities, and building new industries throughout Colorado.
Commenting on the company's accolade, IPS CEO, Raymond Johnson, noted, "We are extremely honored to receive this award, especially given the caliber of businesses that are in the state of Colorado. It speaks volumes to the growing demand globally for our safe, reusable and 'clean' batteries that deliver a lifetime of power to micro-electronic systems without the prohibitive cost of battery replacement, maintenance and recycling. Many have talked about the potential to create a clean energy economy here in Colorado. At IPS, we've been hard at work over the past several years turning that vision into a reality and this award recognizes a significant step forward in the realization of that goal. All of that said, this award was made possible by our talented team—their efforts over the past few years have shaped IPS into what it is today, so I congratulate them on this latest achievement."
"Colorado is fortunate to have a diverse economy, which will help reduce the impacts of the global economic crisis. In these challenging times it is vital to appreciate what we have that is working, recognize the strength of growing companies throughout Colorado and the economic vitality they bring to our communities and state. I am pleased to congratulate the 2010 Colorado Companies to Watch, and thank them for contributing to Colorado's recovery," stated Colorado Governor Bill Ritter, Jr., who visited IPS' facility in early January.
In addition to being evaluated on past growth and projected success, IPS was judged according to its special strengths. These special strengths revolve around a company's innovative products and business practices, special use of technology, work within their community and more. Colorado Companies to Watch also weighs the value of creating good quality jobs, diverse industries, and state-wide representation.
Companies to Watch, a national program founded by the Edward Lowe Foundation, is different from many existing awards programs. Because the program focuses on an entire state and is not industry-specific, it provides an opportunity to paint a realistic picture of a true state-wide economy. Since applicants are evaluated on more than growth, it widens the playing field to companies not often recognized for the critical differences they make in their industry, their community, region and state.
A Colorado Companies to Watch second-stage company is one that is privately held, headquartered in Colorado, is growth focused, has 6 to 99 full-time equivalent employees, and has annual revenue of $750,000 to $50 million. This criteria for second-stage companies, developed by the Edward Lowe Foundation, was adopted by the Colorado Companies to Watch advisory board after conducting research to determine that companies that meet this criteria account for most of the economic growth, community development and economic independence of individuals, not only in Colorado but nationally.
About Infinite Power Solutions, Inc.
Infinite Power Solutions, Inc. (IPS)—a U.S.-based, clean-technology company—is the global leader in developing, marketing and manufacturing solid-state, rechargeable thin-film micro-energy storage devices for a variety of micro-electronic applications. Founded in 2001, IPS is privately held with corporate headquarters and manufacturing in Littleton, Colo. The company manufactures its revolutionary THINERGY® family of thin-film micro-energy cell (MEC®) products at its new state-of-the-art facility, which is the world's first volume manufacturing facility for solid-state, thin-film batteries. The company's energy storage products, with unrivalled performance and service life, uniquely enable ambient energy harvesting solutions to create miniature, autonomous, perpetual power supplies to address the growing demand among customers in the wireless sensor, active RFID, powered smart card, medical device, consumer electronics, automotive and civil/military/aerospace markets. Additional information about IPS is available at www.InfinitePowerSolutions.com.
THINERGY and MEC are all registered trademarks of IPS.
SOURCE Infinite Power Solutions, Inc.