Cadenza Innovation Named as Technology Pioneer by World Economic Forum

Battery startup among companies honored for potential to help transform society and industry, shape the Fourth Industrial Revolution

Technology Pioneers 2018 represent program's most diverse class ever

WILTON, Conn., June 21, 2018 (GLOBE NEWSWIRE) -- Cadenza Innovation, the closely watched provider of safe, low cost, high-performance lithium-ion-based energy storage solutions for license to battery manufacturers, has been selected from hundreds of candidates worldwide as one of the World Economic Forum's 2018 Technology Pioneers. Notably, this marks the second time since 2010 that the same founding team has earned the prestigious award - believed to be the only group to achieve that distinction since the program's inception in 2000.

The World Economic Forum's Technology Pioneers community showcases early-stage companies from around the globe that are involved in the design, development and deployment of new technologies and innovations. Poised to have a significant impact on business and society, this year's honorees are the most diverse group ever, with women leading 25 percent of the companies. A majority (54 percent) are headquartered outside the U.S. - representing all continents except Antarctica.

This year's Pioneers focus on a wide range of technologies, including artificial intelligence, clean tech, decentralized microgrids, big data and internet of things (IoT), biotechnology, blockchain, autonomous vehicles, cyber security, vertical farming and other agricultural advances, and robotics. The full list can be found here.

Established in 2012 by a team of the world's pre-eminent lithium-ion (Li-ion) battery experts, Cadenza Innovation has developed a low cost, safe, high-performance battery technology platform for license to global manufacturers. Initially targeting the electric vehicle (EV) and utility/grid storage markets, the company's patented supercell serves as the cornerstone of its novel architecture and provides unparalleled simplification in battery pack design. That, in turn, substantially reduces production and manufacturing costs, overcomes safety issues and improves energy density.

Cadenza Innovation is led by its founder and chief executive officer, Dr. Christina Lampe-Onnerud. Among the world's foremost authorities on battery chemistry and design, she is an MIT Technology Review Young Innovator award recipient, an Ernst & Young Entrepreneur Of The Year Hall of Fame winner and a frequent keynote speaker. Earlier in her career, Lampe-Onnerud and her team founded and grew Boston-Power from inception through establishing it as the only startup to sell its batteries to HP, along with customers in transportation and other end markets. The company was named a Technology Pioneer in 2010. Lampe-Onnerud and her team subsequently transitioned from Boston-Power as part of its business plan to relocate operations to China to capitalize on what remains the world's largest market for battery technology. Committed to environmental sustainability, she has shared insights into energy storage and climate change at Davos and for various United Nations groups.