GATINEAU, QUEBEC, CANADA (PRWEB) December 04, 2012
EE Times recently selected CogniVue Corporation in its EE Times’ Silicon 60 List of Emerging Start-ups. The EE Times assessment evaluates companies from around the world and recently added CogniVue as one of 17 new entries onto the list of 60 to watch. Silicon 60 companies are selected by EE Times based on technology, intended market, maturity, financial position, investment profile and executive leadership. The selected companies are regarded as important start-ups to watch.
“CogniVue’s addition to EE Times’ Silicon 60 is a strong endorsement of our team and technology,” said Simon Morris, CEO of CogniVue Corporation. “The criteria for selection are comprehensive and the recognition beyond our technological innovations—in the areas of finance and executive leadership— indicate that we are well positioned for growth and remain an attractive investment.”
Alan Chettiar, Senior Portfolio Manager at BEST Funds, was equally pleased to hear about the EE Times selection: “We are aware of the value of CogniVue’s technology and expertise which is why Best Funds has provided financial support to help the company grow. It is very satisfying when such a validation arises unsolicited from the marketplace. This is a strong indicator that CogniVue is on the right track.”
EE Times has been the voice of the electronics industry for almost 40 years and is the largest independent engineering resource for design decision makers in the electronics industry. The EE Times information network is the leading source of news, analysis, and opinion for design engineers, design managers, technologists, and business leaders.
About CogniVue Corporation
CogniVue is a world leading innovator of Image Cognition Processors (ICP) and software for embedded vision systems. CogniVue’s ICPs and comprehensive software offering provide advanced technology for companies developing deeply embedded vision applications for automotive, retail, consumer and security markets. The core technology is built on its proprietary, flexible, massively-parallel APEX™ vision processor engine combined with comprehensive image library, vision algorithm tool kit and development tools. APEX provides best performance, per area (mm2), per power (mWatt) for vision systems, providing companies with the ability to develop previously implausible, innovative vision products implemented in the smallest smart camera modules in the world. Founded in 2005, CogniVue is a privately held company headquartered in Ottawa-Gatineau, Canada and was recently recognized by the EE Times as among the globe’s 'Silicon 60' of emerging start-ups. For more information, please visit http://www.cognivue.com.
About BEST Funds
Founded by John Richardson in 1996, BEST Funds is a boutique Canadian venture firm with a track record spanning over 15 years. Since its inception, BEST Funds has been involved with over 350 transactions. BEST Funds is actively seeking to build on our track-record by continuing to identify tomorrow’s winning companies. BEST Funds invest across a broad range of sectors. BEST Funds provides growth capital to companies that are seeking to expand on the market penetration of their unique and compelling intellectual property. BEST Funds capital allows its clients to achieve the milestones they need to in order to drive the value of their business while minimizing dilution and leaving ultimate control in the hands of the entrepreneur. It’s aim is to help budding businesses successfully transition into public companies or to position them for a strategic sale. http://www.bestfunds.ca
Sylvia Franklin, Dir Marketing CogniVue Corporation
(819) 595-4999, sfranklin(at)cognivue(dot)com