Seattle, WA (PRWEB) June 04, 2011
Seattle-based Modumetal, Inc. announced today it has been selected as a Finalist for Red Herring's Top 100 North America award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries. During the several months leading up to the announcement, hundreds of companies across multiple industries completed their submissions to qualify for the award.
"This year was very rewarding," said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. Modumetal shows great promise therefore deserves to be among the Finalists. We know that the 2011 crop will grow into some amazing companies that are sure to make an impact."
“On behalf of the entire Modumetal Team, we are honored to be recognized for the progress we’ve made in revolutionizing in the field of advanced metals manufacturing,” said Christina Lomasney, CEO of Modumetal. “From the time of our inception, to today, whether it’s developing new nanolaminated coatings technologies or fielding these nanostructured materials to solve real industry problems, Modumetal has been proud to be at the forefront of a truly disruptive manufacturing technology.”
Modumetal, Inc. of Seattle, WA, is realizing the commercial potential of a unique, patented class of nanolaminated materials. These pioneering materials exemplify unprecedented performance for structural, corrosion, and high temperature applications. Modumetal is made by a “green” electrochemical manufacturing approach, which reduces the carbon footprint of conventional metals manufacturing at the same time that it revolutionizes materials performance. (http://www.modumetal.com).