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PRESS RELEASES
POLYFUEL NAMED ONE OF 200 FINALISTS FOR RED HERRING 100
“Annual Red Herring 100 to Be Awarded at
the Red Herring Spring Conference”
Belmont, CA
- April 19, 2005 - Today Red Herring announced that
PolyFuel has been named one of the two hundred Finalists for
the Red Herring 100 Private Companies of North America award
program. Over nine hundred nominations were submitted for
consideration. The Red Herring 100 Winners will be unveiled
at the Red Herring Spring 2005 conference, May 17-19, 2005
in Monterey, CA. Dedicated to celebrating the most exciting
private North American companies, the three-day conference
will feature keynote speeches, lively dialogue, and company
presentations by the CEOs of the Red Herring 100.
“There were many strong candidates for the Red Herring
100 list this year, so making it onto the list is quite an
achievement,” said Joel Dreyfuss, Editor-in-chief of
Red Herring. “In the post-bubble era, North American
technology companies have focused on making sure management
is strong and that the business model makes sense.”
PolyFuel, which is the leader in engineered membranes for
fuel cells, has pioneered technology that has the potential
to change both the economics and the performance characteristics
of fuel cells for portable devices and for automobiles. PolyFuel's
technology, a sophisticated film of “plastic”
that is the heart of the fuel cell - and dictates its performance
- is a breakthrough. The membrane uses a new chemistry, based
on hydrocarbons, instead of an older one based upon fluorocarbons
- used in most commonly available fuel cell membranes until
now.
“Our goal as a company is both to continue to create
breakthrough technology and to significantly help build the
market for portable devices - and in the longer term - for
fuel cell powered automobiles,” said Jim Balcom, PolyFuel's
president and CEO. “We are very proud that Red Herring,
which has the opportunity to review virtually all important
technology developments, has recognized our potential in the
market.”
Balcom noted that the company has received other recognition
as well, citing a grant from the US Department of Energy,
which chose PolyFuel to work on a portable fuel cell application
alongside Intel Corporation; from Frost & Sullivan, which
named the company's technology “Enabling Technology
of the Year for 2004 for Power Supplies and Batteries”;
and from the World Economic Forum, which named the company
a “World Economic Forum Technology Pioneer for 2005.”
To date, PolyFuel has launched two versions of its new fuel
cell membrane technology for portable device applications
using methanol as the fuel, and hydrogen-based fuel cell technology
for use in automobiles. The company, which has developed three
breakthroughs in less than three years, credits a unique and
sophisticated membrane engineering process for the speed and
quality of its new developments.
The two hundred Finalists will be evaluated to determine the
Red Herring 100 that embody innovation, technology, and strategy.
The Red Herring editorial team has completed a thorough analysis
of business model, competitive advantage, alliances, customers,
and technology for each company.
Companies selected to the Red Herring 100 award program will
present their business model and technology at the Red Herring
Spring 2005 conference. The awards ceremony will take place
during the Welcome Dinner on May 17th. The three-day intimate
event is themed “The Dynamics of Disruptions”
and will shine its light on the business of technology, featuring
keynotes and roundtable discussions. A complete overview and
agenda can be found at www.redherring.com/rhspring05.
Red Herring Spring conference is an invitation-only gathering
for CEOs, venture capitalists, and select senior executives.
To request an invitation, please contact Sean Raman at 650.428.2900
or via email at sraman@redherring.com.
About Red Herring
Red Herring covers technology innovation, venture financing,
and the deals that make a difference. Its award-winning journalists
go deeper, providing a comprehensive, critical analysis of
what's new and why it matters. Red Herring covers the business
trends with insight that counts, serving today's entrepreneurs
and the technology of tomorrow. Head to www.RedHerring.com
for articles, newsletters, and research reports that matter.
To subscribe to the Red Herring Magazine call 866.311.9582
or email redherring@neodata.com.
About PolyFuel
PolyFuel is a world leader in engineered membranes that provide
breakthrough performance in fuel cells for portable electronic
and automotive applications. The state of the art of fuel
cells is essentially that of the membrane, and PolyFuel's
leading-edge, hydrocarbon-based membranes enable a new generation
of fuel cells that for the first time can deliver on the long-awaited
promise of clean, long-running, and cost-effective portable
power, based upon renewable energy sources.
PolyFuel's unmatched capability to rapidly translate the system-level
requirements of fuel cell designers and manufacturers into
engineered polymer nano-architectures has led to its introduction
of best-in-class hydrocarbon membranes for both portable direct
methanol fuel cells and for automotive hydrogen fuel cells.
Such capability - based on PolyFuel's over 140 combined years
of fuel cell experience, world-class polymer nano-architects,
and a fundamental patent position covering more than 15 different
inventions – also makes PolyFuel an essential development
partner and supplier to any company seeking to advance the
state of the art in fuel cells. Polymer electrolyte fuel cells
built with PolyFuel membranes can be smaller, lighter, longer-running,
more efficient, less expensive and more robust than those
made with other membrane materials.
PolyFuel was spun out of SRI International (formerly Stanford
Research Institute) in 1999, after 14 years of applied membrane
research. The company is based in Mountain View, California,
and is privately held. Investors include Mayfield, Ventures
West, CDP Capital - Private Equity, Technology Partners, Intel
Capital, Chrysalix Energy, Conduit Ventures, KTB Ventures,
Hotung Venture Partners, Yasuda Enterprise Development, and
BiNEXT, a part of the Daesung Group.
The Red Herring 100 short-listed finalists in alphabetical
order are:
Above All Software
AccelChip
AccessLine Communications
Acme Packet
ActiveGrid
Adesso Systems
Adimos
Agami Systems
Agilix Labs
AgION Technologies
Ahura Corporation
AirDefense
Airgo Networks
AlterPoint
AmberPoint
AmberWave Systems
Ample Communications
ANDA Networks
AppIQ
Application Security
Applied Predictive Technologies
Arbor Networks
ArcSight
Aristos Logic
Array Networks
Aruba Networks
Atrica Inc.
Atrua Technologies
Attensity
Azaire Networks
BigBand Networks
BitPass
Bivio Networks
Blackball
BladeLogic
Blue Fang Games
Calix
Chimerix
CipherTrust
Cittio
Clearforest
Collabnet
Colubris Networks
Commvault
Composite Software
Comscore Networks
Comverge
COPAN Systems
Coremetrics
Cornice
Crossbeam Systems
Crossbow Technology
Cyota
Danger
Data Domain
Data Power
Data Synapse
DATAllegro
DigitalPersona
Diligent Technologies
DNA Genotek
Dust Networks
eASIC
eEye Digital Security
Electric Cloud
Elemental Security
Ellacoya Networks
Ember
eMeta
Emphasys Medical
Emptoris |
Endforce
Endius
Engim
Envivio
eSilicon
Excel Switching
Fluidigm
Force 10 Networks
Fortinet
Forum Systems
FrontBridge Technologies
FusionWare
Genomic Health
GeoLearning
GeoTrust
Gracenote
Greenway Medical Technologies
GroundWork Open Source Solutions
Hostopia.com
Idetic
IE-Engine
Ignite Technologies
iJET Travel Risk Management
Ikanos Communications
IMlogic
Imperva
Impinj
Ingenio
InnerWireless
InnoPath Software
Integrated Materials
Intelliseek
Intellon
Interwise
Intransa
IP Infusion
IP Unity
IP Wireless
IronPort Systems
Isilon Systems
Itronix
Jabber
Khimetrics
Kinexus Bioinformatics
KnowledgeBase Solutions
Konarka
Kontiki
Lancope
LANDesk Software
Levanta
LGC Wireless
LURHQ
Luxtera
Mazu Networks
Mediabolic
Meriton Networks
Meru Networks
MetaCarta
Metastorm
Micro Power Electronics
Mimeo.com
Mindjet
Model N
Motion Computing
Motricity
Nanomix
Nanosolar
Nanosys
Nano-tex
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Narus
NeoScale Systems
Nereus
Neterion
Netezza
netForensics
NetQoS
NetScaler
Netuitive
Nexidia
NexTag
Nextreme Thermal Solutions
ObjectVideo
Optobionics
Orb Networks
Passave
Peribit
Perlegen
Pluck
PolyFuel
Preventsys
Prolexic Technologies
Q1 Labs
Qovia
Qualys
Reactrix
Reconnex
Rosum
Sabrix
Scalix
Sendmail
Sequence Design
Servigistics
Six Apart
Skybox Security
Sorrent
Sourcefire
SpikeSource
SS8 Networks
Staccato
Streamload
Swan Labs
SyChip
Tableau Software
Tarari
Tellme Networks
Tira Wireless
TomoTherapy
Tradebeam
Troika Networks
UPEK
Visage Mobile
Vivisimo
Voltage
Vonage
Vontu
Webroot Software
Whole Security
Xtent
Zilliant |
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Editors’ Note: All trademarks and registered
trademarks are those of their respective companies. Additional
background information is available at www.roeder-johnson.com.
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