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Cadenza Innovation Receives Technology Pioneer Award at World Economic Forum's "New Champions" Meeting in TianjinTIANJIN, China, Sept. 17, 2018 (GLOBE NEWSWIRE) -- Cadenza Innovation, the award-winning provider of safe, low cost, high-performance lithium-ion-based (Li-ion) energy storage technology platforms for license to battery manufacturers, was honored today as a 2018 Technology Pioneer. Cadenza Innovation Founder and CEO Dr. Christina Lampe-Onnerud accepted the award on behalf of her team during a ceremony at the World Economic Forum’s Annual Meeting of the New Champions, in Tianjin, China. This marks the second time since 2010 that the same founding team has earned the prestigious award, and it is believed to be the only group to achieve that distinction.
“We welcome Cadenza Innovation into this impressive community of Technology Pioneers,” said Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. “Front and center in shaping the ongoing Fourth Industrial Revolution, we believe the company and its fellow Pioneers will be transforming society and industry in a positive way in the years to come.” The annual New Champions meeting is regarded as the foremost global summit on innovation, science and technology, promoting entrepreneurship in the global public interest. That this World Economic Forum event was held in China, this year, reflects the country’s surging drive for technological development, with the transition to electric vehicles (EVs) a high national priority. According to Bloomberg NEF’s Electric Vehicle Outlook 2018, “by 2040, 55% of all new car sales and 33% of the global fleet will be electric” and “China is and will continue to be the largest EV market in the world through 2040.” China’s new fleets of EVs require batteries, and this is where Cadenza Innovation, led by Dr. Lampe-Onnerud, one of the world’s foremost authorities on battery hemistry and design, is now playing a key role. Established in 2012 by a team of the world’s pre-eminent Li-ion battery experts, Cadenza Innovation has developed a safe, low cost, high-performance battery technology platform for license to global manufacturers, including in China. Initially targeting the 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 inks agreement with China’s BAK Founded in Shenzhen, China in 2001, BAK Battery has grown into a leading international energy company integrating research and development, production, sales and recycling of lithium-ion power batteries and consumer digital batteries. In China, it has two production bases – Shenzhen BAK Power and Zhengzhou BAK Battery. Initially targeting the EV market, the agreement pairs BAK’s many years of research and development in lithium battery technology, through the experience of smart production and mature product manufacturing, with Cadenza Innovation’s advancement of new Li-ion battery packaging technology. Working globally through their respective, established project teams in the U.S. and China, the companies will promote the further market application of cells and modules based on the supercell design to offer customers worldwide safer, more cost-effective and better-performing products. Building the technologies of tomorrow – Technology Pioneers As an International Organization for Public-Private Cooperation, the World Economic Forum is committed to improving the state of the world. The organization engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. “Transcending regional, cultural and corporate boundaries, the World Economic Forum provides a vital platform for bringing together thought leaders with a vision for what our world could be – and the practical skills and experience to deliver new technologies to address those opportunities,” said Dr. Lampe-Onnerud. “We’re excited that Cadenza Innovation has been selected as a Technology Pioneer and thrilled to be included among the other companies that earned the honor.” About Cadenza Innovation, Inc. All product and company names herein may be trademarks of their respective owners. Contact: A photo accompanying this announcement is available at //www.globenewswire.com/NewsRoom/AttachmentNg/9e3c8379-84e5-497a-995f-a38bbb981252 |