Green Innovations

Developing renewable and clean technology companies in New York

Friday, May 11, 2012

Paper Battery Company is a Finalist for the 2012 Red Herring Top 100 Americas Award

11 May 2012, Troy, NY – Paper Battery Company announced today it has been selected as a Finalist for Red Herring's Top 100 Americas award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.

"This year was very rewarding," said Alex Vieux, publisher and Chairman of Red Herring. "There are so many great companies producing truly innovative and amazing products and technologies. We had a very difficult time narrowing the field and selecting the Finalists from such a group of future stars. Paper Battery Company shows great promise therefore deserves to be on the short list. Now we are faced with the difficult task of selecting the Top 100 winners.”

Finalists for the 2012 edition of the Red Herring 100 Americas award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the, security, Web 2.0, software, hardware, life sciences, cloud, mobile and other sectors completed their submissions to qualify for the award.

“Being named a Red Herring 100 North America finalist underscores the breakthrough potential and impact of the company’s environmentally-friendly technology.” said Shreefal Mehta, founding CEO of the Paper Battery Company, “We are humbled to be selected in this list of outstanding companies from across the US.”

The Finalists are asked to present their winning strategies at the Red Herring Americas Forum in Santa Monica, California, May 21-23, 2012. The Top 100 winners will be announced at a special awards ceremony the evening of May 23 at the event.

About Paper Battery Company
The Paper Battery Company, located at the Russell Sage College INVEST Incubator, has designed a transformational process to print an ultrathin ultracapacitor. The company’s first product line, PowerPatch™, provides scalable voltage, energy and power in a patternable, planar package. The long life, environmentally friendly device reduces battery waste, enhances function of lithium batteries and can be designed to fit in or around the tight confines of portable electronic components. The structurally embedded, high-power sheets make ubiquitous energy storage possible, with transformative impact on power management and usage in computing, electronics and transportation.

Paper Battery Company Media Contact: Shreefal Mehta, CEO;; Ph: 518-244-4628