SOURCE: X2 Biosystems

Richmond Public Relations

May 21, 2015 13:52 ET

TiECon 2015 Recognizes X2 Biosystems as One of the World's Hottest Tech Start-ups

SEATTLE, WA--(Marketwired - May 21, 2015) - Biosystems, Inc. is excited to announce that it has been selected as a '2015 TiE50 Winner' in the prestigious TiE50 Technology Awards Program. Winners were announced on Friday, May 15th in Silicon Valley at the organization's annual entrepreneurial conference, TiECon.

John Ralston, X2's CEO, commented, "It is immensely rewarding to be selected as a '2015 TiE50 Winner'. The data being gathered from X2's wearable impact sensors and neurocognitive assessment tools is profoundly changing our understanding of how to diagnose, manage, and in many cases even reduce the incidence of concussions in athletic, military, and industrial environments. I would like to thank all of our employees, development partners, customers, and investors for their many important contributions to this success."

"TiE50 has become a global brand that attracts thousands of companies worldwide. We screened 2716 companies this year and announced the most innovative 160 companies as 2015 TiE50 Top Start-ups. This pool of the very best-of-breed was then subjected to another round of rigorous judging to select the ultimate 50 winners proudly carrying the 2015 TiE50 Winner recognition. A star attraction of the conference is the presentations given by executives from the TiE50 companies themselves, each sharing their vision with VCs, Angel Investors, Senior Executives of Silicon Valley's largest and hottest tech companies, tech bloggers and media, and many of the world's most creative entrepreneurs and business minds. Audiences are treated to amazing ideas and innovative technologies," said Ram K. Reddy, the program chair.

"TiE50 is unique in terms of the technical and geographic breadth of the companies that are considered and the rigorous selection process that these companies are then subjected to. As a large global non-profit organization, TiE is able to assemble a group of 60 highly accomplished domain experts, senior executives, accomplished and experiences venture capitalists, and tech entrepreneurs who come together to serve as the TiE50 screening and judging team," said Venktesh Shukla, President of TiE Silicon Valley.

TiE50 has achieved an enviable track record since its inception, with more than 90% of TiE50 Winners closing a funding round within the first year. About 120 of these companies have already exited.

About X2 Biosystems:

X2 has pioneered the development of wearable impact monitoring devices and neurocognitive assessment solutions to enable more accurate diagnoses, more personalized treatment, and more comprehensive management of concussions in sports, military, and industrial environments. Product ease-of-use, together with successful clinical and lab testing, have attracted customers that include major professional North American sports leagues, NCAA athletic teams, the US Army, leading sports medicine and clinical neurology organizations, and international rugby organizations in the UK, New Zealand, Australia, and South Africa.

About TiECon:
TiECon is the world's largest conference for entrepreneurs and intrapreneurs, with loyal participation from top technology companies, leading venture capital firms, and global service providers. TiECon 2015 attracted 4,700+ attendees from across the world -- including CEOs of established companies to first-time entrepreneurs creating new companies, to leading investment professionals and corporate executives. TiECon was listed by Worth Magazine as one of the 10 best conferences for ideas and entrepreneurship along with TED and the World Economic Forum. For more information on TiECon, visit http://www.tiecon.org/.

About TiE:
TiE is a global not-for-profit organization fostering entrepreneurship through mentoring, education, and networking. We consider entrepreneurship to be the single most powerful instrument to advance global prosperity. TiE is a global network of over 60 chapters in 17 countries with a worldwide membership of about 14,000 that include successful entrepreneurs, venture capitalists, corporate executives, and aspiring entrepreneurs. For more information on TiE, visit www.tie.org.

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