Petra Solar Selected by AlwaysOn as a Venture Summit Mid-Atlantic 100 Winner
Recognized for creating new opportunities in the Mid-Atlantic region.
(South Plainfield, NJ - November 30, 2011 )Petra Solar, a NJ-based technology company providing reliable, cost-effective smart energy solutions to the electric supply industry, announced today that it has been chosen by AlwaysOn as one of the Venture Summit Mid-Atlantic 100 winners. Inclusion in the Venture Summit Mid-Atlantic 100 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. Petra Solar was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.
Petra Solar and the Venture Summit Mid-Atlantic 100 companies were honored at the IMPACT Venture Summit Mid-Atlantic event, November 29th and 30th, 2011, at the Ritz Carlton in Philadelphia, PA.
This two-day executive event featured CEO presentations and high-level debates on the most promising emerging technologies and new entrepreneurial opportunities on the East Coast. PACT’s annual venture conference, IMPACT 2011, is the most established venture conference in the northeast. For over 20 years, IMPACT has been showcasing the best and most promising investment opportunities in the technology, life sciences, and clean technology sectors.
“The Venture Summit Mid-Atlantic 100 winners are transforming the mid-Atlantic region’s technology community through innovation and creativity,” said Tony Perkins, founder and editor at AlwaysOn. “The companies represent some of the highest-growth opportunities in the mid-Atlantic private company marketplace across all industry sectors, including digital media and entertainment, on-demand computing as well as greentech and the life sciences.”
The Venture Summit Mid-Atlantic 100 winners were selected from among thousands of mid-Atlantic technology companies nominated by investors, bankers, journalists, and greentech industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2011 list.
Petra Solar is committed to advancing global production of renewable energy, helping utility companies develop a smarter and more stable electric grid, and creating jobs in clean energy. Its innovative SunWave™ systems are being deployed in the largest distributed solar electric project in the world today. The company has pioneered a new smart solar technology for utility companies that combines generating solar energy with building a smart grid infrastructure that improves the reliability and efficiency of the national utility grid.
A full list of all the Venture Summit Mid-Atlantic 100 winners can be found on the AlwaysOn website at:
http://www.aonetwork.com/AOStory/Announcing-2011-Venture-Summit-Mid-Atlantic-100-Top-Private-Companies
About Petra Solar:
Petra Solar, founded in 2006 by CEO and President Dr. Kuran, has pioneered new technology that combines distributed solar energy generation with Smart Grid communications and improved grid reliability features to create a utility grade solution that delivers high economic value for solar power. Petra Solar’s innovative SunWave™ system provides distributed clean energy that ties directly into the electric grid, and does not require an upgrade to either the current transmission or distribution infrastructure, eliminating grid interconnection issues faced by traditional solar systems. One of the key advantages of the Petra Solar solution is its flexible grid integration architecture that enables installation on existing assets that can hold one or more solar modules such as utility and streetlight poles, rooftops, and other available structures. In addition, the SunWave distributed solar and Smart Grid technology prevents instabilities caused by intermittent renewable energy sources, which enables utilities to maintain high power quality for electric customers as solar deployment growth accelerates. Petra Solar's success is the culmination of more than 19 years of research and development. For more information about Petra Solar visit www.petrasolar.com.
About AlwaysOn
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn’s preeminent executive event series includes the Silicon Valley Innovation Summit, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, OnMobile, and GoingGreen Silicon Valley. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.
For more information:
Mary Grikas
Vice President Communications, Petra Solar
Phone: 732.429.3908
Email:
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