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World Economic Forum names world's most pioneering tech companies, includes PassivSystems

29 August 2012
World Economic Forum names world's most pioneering tech companies, includes PassivSystems

NEW YORK CITY: The World Economic Forum (WEF) has announced PassivSystems as one of the world’s 23 most innovative technology start-ups, under its Technology Pioneers initiative.

The selected companies are being recognized for their potential to transform the future of business and society, and will be honored at the Annual Meeting of the New Champions 2012 between September 11-13, in Tianjin, China.

Each year the Forum handpicks Technology Pioneers from hundreds of applicants which are nominated by WEF's Members, constituents and collaborators.

“These companies are more than pioneering the way we use technology; they are transforming how we as a society are growing and interacting with each other,” said Silvia von Gunten, Head of Technology Pioneers at the World Economic Forum. “They are also providing new opportunities for people to harness the potential of technology.”

Colin Calder, CEO, PassivSystems says: "This award recognizes the work that PassivSystems has put into meeting the core energy challenge of our time, which is marrying energy reduction with modern lifestyles. We have shown that the technology is available today to create reductions of up to 40% in home energy use without impacting comfort - and which furthermore allows current costs such as grid management to be turned into savings.

The energy sector and policy-makers urgently need to catch up with this frontier and set their eyes on the future rather than be limited by the worn-out models of the past. Time and again, technology has empowered consumers and returned value to them from incumbent sectors. You only need to look at what the advent of the Mosaic web-browsing platform in 1993 did to the retail and travel sectors, with new entrants like eBay, and Amazon reaping the benefits. The same digital revolution is coming to energy, again spearheaded by better information and increased convenience leading to deep financial savings for consumers. Like high-street retailers and travel agents before them, energy utilities need to step out of their old business models and embrace the information age.

“I am very grateful to the judges and the World Economic Forum for recognising the role PassivSystems is playing in bringing the information age to energy consumers."

The Technology Pioneers for 2013 are (in alphabetical order): AlienVault, Anhui LIGOO New Energy Technology, Azuri Technologies, Coulomb Technologies, Enphase Energy, Ingenuity Systems, LanzaTech, Liquid Robotics, Lookout Mobile Security, MC10, Mind Candy, PassivSystems, Practice Fusion, PrimeSense, Promethean Power Systems, RightScale, shopkick, SoundCloud, Tobii Technology, Transphorm, va-Q-tec, Vidyo and Voltea.

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