PRESS
RELEASE
Contacts:
Claudia
Gonzalez Associate
Director; Head of Public Relations claudia.gonzalez@weforum.org Michelle
Moody for CAP-XX Michelle Moody |
|
FOR IMMEDIATE RELEASE
CAP-XX
SELECTED AS 2005 WORLD ECONOMIC FORUM TECHNOLOGY PIONEER FOR INDUSTRY-LEADING
SUPERCAPACITOR TECHNOLOGY
Supercapacitors provide an ideal power solution for increasingly smaller and more functional portable devices. With high power and energy densities, supercapacitors provide the high burst power required when taking a digital photo, sending wireless phone or PDA transmissions, providing back-up energy or hot-swapping battery packs.
CAP-XX has pioneered supercapacitor technology that leads the industry in energy density by combining high capacitance and low internal resistance in a thin and flat package. This has enabled manufacturers to design smaller, thinner, longer-running GPRS/EDGE/3G communication devices such as smartphones, PDAs, PCMCIA and Compact Flash modems plus is enabling emerging medical and consumer applications such as White LED flash in cell phones and digital cameras.
In its
three-year production history, CAP-XX has shipped approximately 500,000 supercapacitors. They use nanotechnology techniques to prepare
raw materials and assembly techniques to achieve their leadership performance
for high power delivery in the smallest packages. They play a valuable role in
wireless technologies and renewable energy sources like fuel cells and solar
power.
“It is an
honor for CAP-XX to become a Technology Pioneer,”
said Anthony Kongats, CAP-XX’s CEO. “It
will be an excellent opportunity to discuss future innovations for
supercapacitors with other pioneers in wireless, nano, and renewable energy
technology.”
At the annual meeting, Mr. Kongats will be a discussion leader in sessions on Nanotechnology and on the “Technologies Most Likely to Succeed” which will discuss what technology will have the same impact as the Internet 15 or 20 years from now.
Co-chairs of the event include Bill Gates and John A. Thain,
CEO of the New York Stock Exchange. The over 200 past
winners include Google, PayPal, Monster.com and
NanoGen.
About the World Economic Forum’s Technology Pioneers Program
In line with the Forum’s commitment to improving the state of the world, the Technology Pioneers program was established in 2000 to provide a new perspective on technological change. The Forum runs the program with Apax Partners and Deloitte Touche Tohmatsu as strategic partners. Through its Technology Pioneers program, the Forum identifies and integrates those companies around the world that are involved in the design and development of new technologies. Each innovation, whether it has large or small consequences, represents another step in society's attempt to harness, adapt and utilize technology to change and improve our world. The World Economic Forum is invested in monitoring and highlighting these innovations and exploring possible societal repercussions.
Each year
members, constituents and collaborators of the World Economic Forum nominate
Technology Pioneers. The criteria for selection include:
1. Innovation. The company’s technology must be truly innovative. A new version or repackaging of an already well-accepted technological solution does not qualify as an innovation. The innovation should be recent – not more than two years old. The company should invest significantly in R&D.
2. Potential Impact. This company’s technology must have the potential to have a substantial long-term impact on business and society in the future.
3. Growth and Sustainability. The company should have all the signs of a long-term market leader and should have well-formulated plans for future development and growth.
4. Proof of Concept. The company must have a product on the market or have proven practical applications of the technology. Companies in “stealth” mode and companies with untested ideas or models will not qualify.
5. Leadership. The company must have visionary leadership that plays a critical role in driving the company towards reaching its goals.
6. Status. The
company must not currently be a Member of the World Economic Forum. This criterion applies to the parent company – thus wholly-owned
subsidiaries of large firms are not eligible.
An external review committee comprised of
technology experts evaluates nominees with respect to the criteria above.
The World Economic Forum (http://www.weforum.org), based in
About CAP-XX
CAP-XX Inc. develops and manufactures
high surface area, thin film capacitors known as supercapacitors. These high-power energy storage devices enable
manufacturers to make smaller, thinner and longer-running products such as cell
phones, PDAs, medical devices, AMRs and power tools. The
private company has its main operational base in
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