Artificial Muscle, Inc. named a “Red Herring 100 Global” award winner
Artificial Muscle has been chosen as one of the top tech start-ups in the world
Menlo Park, California, -- December 10th, 2007 -- Artificial Muscle, Inc., (AMI) a company that designs and builds actuators based on its patented electroactive polymer artificial muscle (EPAM™) technology announced today that it has been selected as a winner of the Red Herring 100 Global Award.
Red Herring 100 winners and finalists from North America, Europe and Asia of the last three years were eligible for this award. The Red Herring editorial team used a very competitive process to whittle down this pool of 1800 eligible promising companies to the 100 winners of this first-time award. Evaluations were made on both quantitative and qualitative criteria such as financial performance, innovation, management, global strategy, and ecosystem integration.
“On behalf of all of the employees and customers of Artificial Muscle, we are pleased and honored to be selected as one of the top 100 start-ups worldwide for this award.” said Charlie Duncheon, Executive Vice President of Artificial Muscle, Inc. “It is especially significant for us to be chosen from such a large group of extremely high quality technology firms.”
About Artificial Muscle, Inc.
Artificial Muscle, Inc. (AMI) is a high technology company that designs and manufactures smartMOVE™ actuator and sensing components based on the new technology platform called electroactive polymer artificial muscle (EPAM). EPAM technology offers significant advantages over typical electromagnetic-based technologies because it is much lighter, smaller, quieter and cheaper, and offers more controllable and flexible configurations. SmartMOVE devices serve as lightweight, highly efficient alternatives to actuators, small motors, generators, sensors, and speakers used in products ranging from consumer electronics to medical devices.
AMI was founded by SRI International and became an independent company in early 2004 with venture fund financing from Vanguard Ventures, ARCH Venture Partners, and NGEN Partners, as well as recent investment from AllianceBernstein L.P., Micron Technology, Inc.; Parker Hannifin Corporation; and CTTV Investments LLC, the venture capital arm of Chevron Technology Ventures.
About Red Herring
Red Herring is a global media company uniting the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology research, and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit www.redherring.com.
Contact:
Artificial Muscle Contact:
Peter Gise
Phone: 650-331-2875
Email: info@artificialmuscle.com
http://www.artificialmuscle.com
Red Herring Contact:
Olle Binkhorst
Red Herring, Inc.
Phone: 650-585-3418
Email: obinkhorst@redherring.com
Artificial Muscle is a trademark owned by Artificial Muscle, Inc. EPAM is a trademark owned by Artificial Muscle, Inc. smartMOVE is a trademark owned by Artificial Muscle, Inc.
