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TMCNet: Xtreme Power Named 'Smart Grid Innovator' by VentureBeat

[November 20, 2009]

Xtreme Power Named 'Smart Grid Innovator' by VentureBeat

Nov 21, 2009 (Close-Up Media via COMTEX) -- Xtreme Power, a provider of large-scale power management and storage systems, announced that is has been selected as a finalist for the first Innovation Competition at GreenBeat 2009, the seminal conference on the Smart Grid.

"Effective implementation of the smart grid is paramount to our clean energy future, and Xtreme Power is working to provide equally smart storage technologies necessary to seamlessly deliver predictable, clean power on demand," said Carlos Coe, president and CEO of Xtreme Power. "It is an honor to be recognized by VentureBeat as a company poised to bring the smart grid to life." The Innovation Competition invited organizations with products impacting the power grid's ability to become smarter to pitch their ideas in front of a group of industry influencers at GreenBeat 2009. Xtreme Power was selected from more than 50 applications as one of the top 10 representatives that will shape the future of the grid.

"Reflective of the growing public awareness for the smart grid, VentureBeat was impressed by the competitiveness of this year's contest," said Matt Marshall, founder and CEO of VentureBeat. "With Xtreme Power leading the way, we are confident that the technologies represented by these companies will drive the way to an efficient, carbon-reduced super grid with enormous potential to increase reliability of power delivery and reduce our carbon footprint worldwide." GreenBeat 2009 took place November 18-19, in San Mateo, California.

VentureBeat, founded in 2006, covers news and perspective about innovation for forward-thinking executives.

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