Portfolio Press Release
Avaak Praised for Innovation Efforts; Named to Elite 'AlwaysOn Global Top 250' List
Company Honored as Innovator for Outstanding Product That Changes How Consumer Live and Share Their Lives
Avaak, Inc. Press Release
16 July 2009
SAN DIEGO, Calif.—(BUSINESS WIRE)—Avaak, the industry leader in easy-to-use personal video mesh networking technology, today announced that it has been selected to the 2009 AlwaysOn Global 250 list. The most distinguished annual competition presented by AlwaysOn, the Top 250 Award is given to private, emerging technology companies that create new business opportunities in high-growth markets. Avaak was recognized for leading the industry with new emerging innovations—including its Vue™ personal video network—and was selected by the AlwaysOn editorial team because its business demonstrates growth, market opportunity, quality of innovation, and customer traction.
"Our company has done extensive research and put forth countless efforts to create pioneering technology that is simple to use, highly reliable, and enables users to connect with their homes, businesses, friends, and family through a miniature wire-free camera system that streams real-time video anywhere you can access the Internet," said Gioia Messinger, founder and CEO of Avaak, the makers of Vue. "We are thrilled to receive this recognition and feel strongly that this unique product will redefine how consumers keep track of their homes and connect with their family from anywhere."
The revolutionary Vue™ system is powered by Avaak's patented FrameMesh technology, which is designed for adhoc ultra low-power device-to-device applications. The technology was built specifically to make the Vue personal video network possible, as it allows for high data throughput with very low network overhead. The Vue cameras, which are comparable in size to a box of Tic-Tacs, are completely wire-free making the camera easy to mount and move to any location.
In addition to the other AlwaysOn Global 250 winners, Avaak will be recognized at the 7th annual AlwaysOn & Stanford Technology Ventures Program (STVP) Summit, in Palo Alto, Calif., July 28-30, 2009. This executive conference is co-presented by the STVP and will highlight the significant economic, political, and commercial trends affecting the global technology industries.
"It's no secret that technology and innovation are vital to bringing our country out of the economic recession," said Tony Perkins, founder and editor of AlwaysOn. "Avaak made this year's list because not only did it create innovative technology that solves real business and consumer needs, but it introduced a product that will bring family and friends closer. Along with Avaak, I congratulate every winner selected for this year's award and wish them all tremendous success in the future."
The AlwaysOn Global 250 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2009 list.
To view the full list of the AlwaysOn Global 250 winners, please visit the AlwaysOn Web site, or click here.
About AlwaysOn
AlwaysOn ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, AlwaysOn continued to lead the media industry in innovation by introducing a social network where members can connect and engage. AlwaysOn is also revolutionizing the media business by applying its open-media principles to its executive event series (Summit at Stanford, OnMedia, OnHollywood, OnDC, GoingGreen East and West, Venture Summit East and West) and quarterly print "blogozine" by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, AlwaysOn is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.
About Avaak, Inc.
Founded in 2004, Avaak, the makers of the Vue, is the world's leader in ultra low-power easy-to-use, wire-free video technology that enables pervasive imaging applications where video and snapshots can be viewed, captured and shared from anywhere at any time without the need of wiring cameras or downloading software. Originally developed for homeland security and defense purposes, Avaak's technology enables the use of video in consumer and commercial applications and locations that were previously deemed infeasible. With a wide array of uses, the company's products will allow consumers to take full advantage of the digital lifestyle. Avaak is a private company with headquarters in San Diego, Calif., which is funded by Trinity Ventures, InterWest Partners and Leapfrog Ventures. To learn more, visit www.avaak.com.
