Powervation Receives Innovation Award From Silicon Valley-based Irish Technology Leadership Group

April 19, 2009 by Jeff Shepard

Powervation, an emerging innovator of Auto-control™ digital power integrated circuits (ICs), was named as the winner of the 2009 Irish Times/Irish Technology Leadership Group (ITLG) Innovation Award.

The award was presented by Ireland’s Deputy Prime Minister, Mary Coughlan on Tuesday night at the annual ITLG dinner held at Stanford University. One of seven Irish companies shortlisted for the award, Powervation was recognized for its innovative technology and capability to build a strong global business.

Established in 2006, Powervation has pioneered a new class of digital power control solutions that transform the way power is delivered and managed. In the last seven months, the company launched its technology to global audiences and staged the first public demonstration at the world’s premier power electronics exposition in Washington D.C. in February. The company is on track to roll out its first product in the coming months and begin volume production.

Commenting on the award, Chief Executive Officer, Antoin Russell credited his team of digital power experts for the speedy development of a truly transformative technology for computing, consumer and netcomm applications. "We’re delighted to be recognized as innovators by the ITLG and very proud to receive this elite award. We have created a differentiated power-control solution that delivers strong technical and economic advantages to manufacturers of complex electronics products and their customers. We salute our fellow Award finalists and are honored to be ranked among such innovative companies by the ITLG."

The Silicon Valley-based ITLG was established in 2007. It is comprised of senior Irish and Irish-American executives dedicated to supporting the growth of Ireland-based technology companies. The organization’s Chief Executive Officer, John Hartnett paid tribute to Powervation’s disruptive technology and expert team. "This year’s award finalists represented an array of superb technologies and visionary leadership. In particular, Powervation exemplifies the winning qualities we looked for: a transformational technology, strong executive team and a solid, realizable plan for global growth. We’re delighted to recognize the company and we look forward to watching them grow."