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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IQwind named a Top 100 Tech Startup by Red Herring

IQwind Ltd., which is developing an innovative gearbox to improve the efficiency of wind turbines, was named by Red Herring as a Top 100 Tech Startup in Europe for 2008. It is one of 14 Israeli companies to make the list.

IQwind was established in 2007 and received early-stage funding from Terra Venture Partners. The company was founded by Gideon Ziegelman, formerly an entrepreneur in residence at Precede Technologies, and Nimrod Eitan, an experienced mechanical engineer who now serves as the company's CTO.