Thursday, March 5, 2009

IQwind a Red Herring Top 100 Global Company

IQwind, an Israel-based developer of variable gear technology that improves the energy generation efficiency of wind turbines, announced that it has been recognized by Red Herring as one of the Top 100 Global Companies.

IQwind co-founder and CEO Gideon Ziegelman said, "We are thrilled to have been selected to the distinguished Red Herring Top 100 Global list. We are introducing a disruptive gear technology into the wind energy market in order to improve the efficiency of both old and new wind turbines. We will begin retrofitting existing turbines by next year and look forward to becoming a key contributor to the enablement of more efficient production of renewable wind energy."

IQwind received a first round of investment from Terra Venture Partners in 2007.

"We were so pleased to announce IQwind as a Red Herring Top 100 Global Company," commented Red Herring publisher Alex Vieux. "IQwind has proven to be a company excelling in their industry and its ripples have turned into waves. It was difficult for us to narrow down, but we are pleased to have included IQwind in our list of promising companies. We look forward to the changes it will make to its industry in the future."

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