SOURCE: Boston-Power, Inc.

April 01, 2008 09:50 ET

Boston-Power Captures Number One Spot on AlwaysOn Inaugural Northeast 100 Top Private Company List

WESTBOROUGH, MA--(Marketwire - April 1, 2008) - Boston-Power, Inc.®, a rapidly growing provider of first-to-market portable power solutions, today announced that it has been chosen as the highest ranking company on AlwaysOn's debut listing of Northeast 100 Top Private Companies.

Among the world's most closely watched energy storage startups, Boston-Power's internationally recognized executive and technology teams, blue chip venture investment partners and next-generation Lithium-ion battery technology were cited as important factors that earned the company the top spot.

Boston-Power and the Northeast 100 Top Companies will be honored at the AlwaysOn Venture Summit East to be held April 7 - April 9, 2008, at the Four Seasons Hotel in Boston, MA. The first-annual Northeast 100 list was compiled by the AlwaysOn editorial panel. To be eligible, companies had to be creating new business opportunities in high-growth markets, demonstrating significant market traction and pursuing game-changing technology in a key sector. AlwaysOn received hundreds of nominations for this year's list.

"Congratulations to Boston-Power for its vision, innovation and ability to execute," said Tony Perkins, Founder and Editor, AlwaysOn Network. "Batteries represent one of the most critically important areas in technology today, whether they're powering notebook computers, mobile phones, consumer electronics or hybrid electric vehicles. Boston-Power is making a name for itself and we're pleased to honor the company by placing it at the top of our list."

To compile the Northeast Top 100 Companies of 2008 list, AlwaysOn surveyed more than 500 venture investors, investment bankers, and technology insiders. Those industry influencers nominated hundreds of companies, which were subsequently evaluated and the winners selected. To warrant inclusion, each Northeast 100 company had to exemplify leadership among its peers in the following areas: innovation, market opportunity, commercialization, media buzz, and stakeholder value creation.

Boston-Power's Sonata redefines the portable power space by establishing new benchmarks in safety, cycle life, performance and environmental sustainability. Initially targeting notebook computers, Sonata delivers the longest cycle life ever available from any Lithium-ion battery. That translates to longer and more usable power -- like-new performance for three years versus current batteries that start to fade in only three to six months. Sonata's "drop-in" design enables it to be used with existing notebook computers, requiring no design changes on the part of notebook computer original equipment manufacturers (OEMs).

Highlighting its momentum, Boston-Power recently announced $45 million in Series C funding, bringing total investment in the company to $70 million. This round was one of the biggest venture investments for the year in energy storage and among the top 10 largest investments overall in New England in 2007. In January, Boston-Power also announced expansion of its mass production capabilities through a strategic relationship with GP Batteries, the number one battery manufacturer in Asia outside Japan and the top consumer battery manufacturer in Greater China.

"AlwaysOn has a track record for identifying early on many of the tech industry's most successful technology startups, so we're extremely honored and humbled to be chosen as the top company on its inaugural Northeast 100 list," said Dr. Christina Lampe-Onnerud, Founder and CEO of Boston-Power. "The demand for a safer, longer lasting, higher performing and more environmentally responsible battery is greater than ever. With Sonata, Boston-Power is answering that call."

About The AlwaysOn Venture Summit East

Venture Summit East is a two-day gathering that highlights the significant economic, political and technology trends impacting the global growth investor. Venture Summit East features the most influential institutional investors, venture capitalists, corporate buyers, investment bankers and research analysts in the Eastern US in keynote presentations and panel debates. The goal of Venture Summit East is to match growth-company buyers and sellers and identify the most promising innovation-driven, growth investment opportunities.

About Boston-Power

Boston-Power, Inc.® is an emerging portable power company answering the call for safer, longer lasting Lithium-ion batteries -- today. Led by CEO and Founder Dr. Christina Lampe-Onnerud, a recognized authority in the battery industry, the company is backed by leading venture capital firms Oak Investment Partners, Venrock Associates, Gabriel Venture Partners and Granite Global Ventures. Boston-Power's innovative systems approach to portable power and application-specific batteries starts with safety, while achieving next-generation performance gains. Founded in 2005, the company is headquartered in Westborough, Massachusetts and has Six Sigma-level manufacturing operations in Greater China. For more information, visit www.boston-power.com.

About AlwaysOn

AlwaysOn ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, AlwaysOn continued to lead the media industry in innovation by introducing a social network where members can connect and engage. AlwaysOn is also revolutionizing the media business by applying its open-media principles to its executive event series (Stanford Summit, AlwaysOn Hollywood, AlwaysOn Media and GoingGreen) and quarterly print "blogozine" by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, AlwaysOn is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.

Contact Information

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