AUSTIN, Texas (April 6, 2011) – SolarBridge Technologies (SolarBridge), a leading developer of integrated microinverters for the solar industry, is being recognized for its superior microinverter design, technological innovation and business strategy by several industry organizations. Last night, the company received a Gold award at the 2011 Edison Best New Product Awards™ in New York for its innovative power electronics solution for rooftop solar applications. The company was also recently named a finalist in the EE Times Annual Creativity in Electronics (ACE) Awards in the energy technology category, and has been selected as a Top 300 startup by fundedIDEAS, a research publication of VCWire.com.
“We are extremely pleased to be honored by these prestigious organizations,” said Joe Scarci, vice president marketing, SolarBridge Technologies. “It’s a privilege to be recognized among many well-respected companies focused on product innovation. SolarBridge is delivering a game-changing technology that is going to rapidly accelerate the adoption of solar energy – and the industry has taken note.”
The SolarBridge AC Module System features the patented SolarBridge PantheonTM microinverter, which is attached to the back of a solar module to create an integrated AC module. AC modules powered by SolarBridge convert DC power generated by solar panels into grid-compatible AC power, enabling up to 30 percent lower cost of energy. The SolarBridge Pantheon is also the first integrated microinverter to offer a 25-year warranty, matching that of most solar modules.
Edison Best New Product Gold Award Winner
SolarBridge is a Gold Edison award winner in the Energy and Sustainability category — sustainable power systems segment. This is one of 12 categories honored by the Edison Awards. The distinguished awards symbolize the persistence and excellence personified by Thomas Alva Edison, inspiring America’s drive to remain in the forefront of innovation, creativity and ingenuity in the global economy.
“This year’s awards recognize a broad array of innovations including far-reaching products, services and technologies that impact daily life,” said Edison Awards Steering Committee chair Sarah Miller Caldicott, a great grandniece of Thomas Edison. “The awards applaud the forward-thinking innovations for which Thomas Edison remains internationally admired. It’s exciting to see companies like SolarBridge continuing his legacy of challenging conventional thinking.”
The ballot of nominees for the Edison Best New Product Awards™ is judged by 2,000 members of the not-for-profit Marketing Executives Networking Group (MENG), an organization comprising America’s top marketing professionals and academics. In a comprehensive peer-review process, the nominees are judged on marketplace innovation, marketplace success, technological innovation, market structure innovation, societal impact and design innovation.
Winners of the Edison Awards were announced on April 5, 2011 at the historic Capitale ballroom in New York.
EE Times ACE Award Finalist
The EE Times ACE Awards celebrate the creators of technology who demonstrate leadership and innovation in the global industry. Now entering the seventh year of the program, the EE Times ACE Awards are the leading electronics industry recognition event honoring the people and companies behind the technologies that are changing the way people work, live and play.
A significant portion of the electronics industry has begun the historic shift from information to energy technology. This trend will help sustain and expand several industry sectors. The energy technology award recognizes companies, such as SolarBridge, that have made the most significant contribution to this shift through the introduction of new concepts and products that help conserve energy or create new energy sources.
The 2011 EE Times ACE judges are leading voices from academia, industry and Wall Street. Winners will be announced at the EE Times ACE Awards Gala on May 3, 2011.
fundedIDEAS TOP 300 STARTUPS
SolarBridge was also selected as one of fundedIDEAS’ TOP 300 STARTUPS from a pool of 2,518 companies who secured institutional funding in 2010. Nine out of 10 startups fail to achieve their stated business objectives. fundedIDEAS was established with the sole objective of discovering the ones that will.
The fundedIDEAS editorial team conducted a rigorous four-month selection process prior to inclusion. Rating each startup on 14 parameters – from strength of the management team, business model and execution strategy to industry and sector outlook – the organization deploys the most advanced methodology to establish the stability, sustainability and outlook of venture-funded startups by an eminent panel of business and industry leaders spanning the globe.
About SolarBridge Technologies
SolarBridge Technologies, a leader in integrated microinverter technologies for the solar industry, is accelerating the adoption of solar energy in residential and commercial applications. The SolarBridge AC Module System—featuring the SolarBridge Pantheon microinverter, Power Manager and Power Portal—dramatically increases the efficiency and reliability of PV systems, while reducing the levelized cost of energy. The Pantheon microinverter matches the lifetime of solar modules, enabling module manufacturers to provide a 25-year warranty on AC modules. The company is headquartered in Austin, Texas. For more information, visit www.solarbridgetech.com.