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Boston-Power Captures Number One Spot on AlwaysOn Inaugural Northeast 100 Top Private Company List


Boston-Power, Inc.

2008-04-01 06:50:00

Boston-Power Captures Number One Spot on AlwaysOn Inaugural Northeast 100 Top Private Company List

WESTBOROUGH, MA–( EMWNews – April 1, 2008) – Boston-Power, Inc.®, a rapidly growing

provider of first-to-market portable power solutions, today announced that

it has been chosen as the highest ranking company on AlwaysOn’s debut

listing of Northeast 100 Top Private Companies.

Among the world’s most closely watched energy storage startups,

Boston-Power’s internationally recognized executive and technology teams,

blue chip venture investment partners and next-generation Lithium-ion

battery technology were cited as important factors that earned the company

the top spot.

Boston-Power and the Northeast 100 Top Companies will be honored at the

AlwaysOn Venture Summit East to be held April 7 – April 9, 2008, at the

Four Seasons Hotel in Boston, MA. The first-annual Northeast 100 list was

compiled by the AlwaysOn editorial panel. To be eligible, companies had to

be creating new business opportunities in high-growth markets,

demonstrating significant market traction and pursuing game-changing

technology in a key sector. AlwaysOn received hundreds of nominations for

this year’s list.

“Congratulations to Boston-Power for its vision, innovation and ability to

execute,” said Tony Perkins, Founder and Editor, AlwaysOn Network.

“Batteries represent one of the most critically important areas in

technology today, whether they’re powering notebook computers, mobile

phones, consumer electronics or hybrid electric vehicles. Boston-Power is

making a name for itself and we’re pleased to honor the company by placing

it at the top of our list.”

To compile the Northeast Top 100 Companies of 2008 list, AlwaysOn surveyed

more than 500 venture investors, investment bankers, and technology

insiders. Those industry influencers nominated hundreds of companies, which

were subsequently evaluated and the winners selected. To warrant inclusion,

each Northeast 100 company had to exemplify leadership among its peers in

the following areas: innovation, market opportunity, commercialization,

media buzz, and stakeholder value creation.

Boston-Power’s Sonata redefines the portable power space by establishing

new benchmarks in safety, cycle life, performance and environmental

sustainability. Initially targeting notebook computers, Sonata delivers the

longest cycle life ever available from any Lithium-ion battery. That

translates to longer and more usable power — like-new performance for

three years versus current batteries that start to fade in only three to

six months. Sonata’s “drop-in” design enables it to be used with existing

notebook computers, requiring no design changes on the part of notebook

computer original equipment manufacturers (OEMs).

Highlighting its momentum, Boston-Power recently announced $45 million in

Series C funding, bringing total investment in the company to $70 million.

This round was one of the biggest venture investments for the year in

energy storage and among the top 10 largest investments overall in New

England in 2007. In January, Boston-Power also announced expansion of its

mass production capabilities through a strategic relationship with GP

Batteries, the number one battery manufacturer in Asia outside Japan and

the top consumer battery manufacturer in Greater China.

“AlwaysOn has a track record for identifying early on many of the tech

industry’s most successful technology startups, so we’re extremely honored

and humbled to be chosen as the top company on its inaugural Northeast 100

list,” said Dr. Christina Lampe-Onnerud, Founder and CEO of Boston-Power.

“The demand for a safer, longer lasting, higher performing and more

environmentally responsible battery is greater than ever. With Sonata,

Boston-Power is answering that call.”

About The AlwaysOn Venture Summit East

Venture Summit East is a two-day gathering that highlights the significant

economic, political and technology trends impacting the global growth

investor. Venture Summit East features the most influential institutional

investors, venture capitalists, corporate buyers, investment bankers and

research analysts in the Eastern US in keynote presentations and panel

debates. The goal of Venture Summit East is to match growth-company buyers

and sellers and identify the most promising innovation-driven, growth

investment opportunities.

About Boston-Power

Boston-Power, Inc.® is an emerging portable power company answering the

call for safer, longer lasting Lithium-ion batteries — today. Led by CEO

and Founder Dr. Christina Lampe-Onnerud, a recognized authority in the

battery industry, the company is backed by leading venture capital firms

Oak Investment Partners, Venrock Associates, Gabriel Venture Partners and

Granite Global Ventures. Boston-Power’s innovative systems approach to

portable power and application-specific batteries starts with safety, while

achieving next-generation performance gains. Founded in 2005, the company

is headquartered in Westborough, Massachusetts and has Six Sigma-level

manufacturing operations in Greater China. For more information, visit

About AlwaysOn

AlwaysOn ignited the open-media revolution in early 2003 by being the first

media brand to launch a global blog network. In 2004, AlwaysOn continued

to lead the media industry in innovation by introducing a social network

where members can connect and engage. AlwaysOn is also revolutionizing the

media business by applying its open-media principles to its executive event

series (Stanford Summit, AlwaysOn Hollywood, AlwaysOn Media and GoingGreen)

and quarterly print “blogozine” by empowering its members to post and share

their ideas and meet each other online. As our loyal readers know, AlwaysOn

is committed to the free-market, merit-driven approach to reporting and

event programming. No other media brand has dared to create such open

interaction with its readers and event participants.

For more information, please contact:

Brad Baker

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