SOURCE: Zolt

Zolt

May 27, 2015 15:11 ET

Zolt Wins 2015 TiE50 Hottest Technology Start-Up Award

The Creator of the World's Smallest and Lightest Laptop and Multi-Device Charger Honored for Groundbreaking Power Technology

SAN JOSE, CA--(Marketwired - May 27, 2015) - Zolt (the consumer brand from Avogy, Inc.), the company reinventing the laptop charger for the digital age, today announced that it has been selected as a 2015 TiE50 Winner for its innovations in power conversion technology in the prestigious global TiE50 Technology Awards Program. Zolt was been awarded the honor of "Hottest Technology Start-Up" on Friday, May 15, at the organization's annual entrepreneurial conference, TiEcon.

TiE50 Winners are selected amongst private companies that are less than five years old. From this list, a carefully chosen panel of entrepreneurs, venture capitalists, angel investors, CEOs and other technology experts hone these companies down to a select fifty startups.

"New laptops continue to get smaller and lighter, but chargers have remained bulky and heavy. Laptop users are hungry for the technological innovation that we are introducing through our Zolt product line," said Zolt President and CEO Dinesh Ramanathan. "We are pleased to be a TiE award winner, which further validates that there is a strong desire amongst consumers for this technology."

Zolt Laptop Charger Plus is the world's smallest, lightest and smartest laptop charger that delivers streamlined, intelligent, multi-device charging for life on the go. Four times smaller and three times lighter than traditional, heavy "brick" chargers, Zolt allows users to simultaneously charge their laptop and two additional devices -- such as tablets, smartphones, digital cameras, portable speakers and more. The innovators at Zolt have blended revolutionary design with trusted engineering -- such as Zolt ERC™ (Efficient Resonant Control) technology, which prioritizes and analyzes each device to provide optimal charging delivering a new breed of power adapters to today's always connected consumers.

"TiE 50 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-the-breed is again subjected to another round of rigorous judging to pick out the ultimate 50 winners proudly carrying the 2015 TiE50 Winner recognition. A star attraction of the conference is TiE50 presentations. Audiences are treated to amazing ideas and innovative technologies," said Ram K. Reddy, the program chair.

Zolt launched and introduced the Zolt Laptop Charger Plus at the 2015 International CES at Eureka Park. At the show, the Zolt charger was recognized as a 2015 CES Best of Innovation Awards Honoree by the CES showrunners, a Best of CES finalist by Engadget, a Top Tech of CES nominee by Digital Trends and a Top Pick CES 2015 by Laptop Mag.

The TiE50 track record since its inception in May 2009 shows that more than 90% get funded within the first year. About 120 of these companies have already exited. For further details on the TiE50, visit www.tie50.org.

About Zolt:
Zolt produces the smallest and most efficient power systems in the world. With 42 issued and 100+ filed patents, our team of industry veterans combines a proven track record of bringing trusted engineering and smartly designed power solutions to today's always connected and highly mobile consumers. Smaller, lighter and smarter is our mantra. At just 3-inches and 3-ounces, the Zolt Laptop Charger Plus enables consumers to carry a single compact power adapter capable of charging a laptop and a variety of mobile devices simultaneously. Now available for pre-order for an introductory price of $79.99 at gozolt.com -- market availability in Summer 2015. Headquartered in San Jose, our investors are Khosla Ventures and Intel Capital. For more information, please visit www.gozolt.com.

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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