Technology pioneer acknowledges forum support

Mark McGough, President and CEO of Pentadyne Power Corporation has thanked the World Economic Forum for designating Pentadyne as a 2007 Technology Pioneer.

Addressing select delegates at the World Economic Forum in Davos, Switzerland, Mark McGough, President and CEO of Pentadyne Power Corporation thanked the World Economic Forum (WEF) for designating Pentadyne as a 2007 Technology Pioneer.

The WEF is a nonprofit foundation incorporated in 1971 and funded by the world's foremost corporations to further economic growth and social progress.

WEF has nongovernmental organisation consultative status with the United Nations' Economic and Social Council.

The WEF Technology Pioneers are companies identified by the Forum as developing and applying highly transformational and innovative technologies in the areas of energy, biotechnology, health and information technology.

The 2007 Technology Pioneers - recognised in recent issues of Time and Red Herring magazines - are selected by a panel of leading technology experts appointed by the WEF to recognise innovations that have the potential for a long-term positive impact on business and society.

In his address McGough said: "Highly reliable 7x24 backup power systems are used by a diverse range of businesses needing continuous power, including large data centres, financial institutions, hospitals, broadcast facilities and military sites around the world".

"The number one problem with traditional UPS systems is the reliability of the lead-acid battery systems used for energy storage".

"The primary reason a UPS system is purchased is for reliable backup power, and batteries are notorious for being 'the weakest link'".

"Secondly, users complain about the frequent replacement costs and increasingly difficult disposal requirements associated with dumping the massive amounts of lead and acid contained in batteries".

"Pentadyne makes clean energy storage systems that keep businesses online far more reliably than UPS batteries, doing so with less environmental impact and at a lower lifetime cost".

"The environmental benefit is significant: over the course of its 20-year design life, one of our flywheels will save the environment from more than 15,000 pounds of lead disposal".

"For the same period, the energy saving of one Pentadyne system - which is nearly ten times more energy efficient than its nearest competitor - is enough to power more than 10,000 average homes for a year".

"The energy efficiency and near zero hardware maintenance requirements of the Pentadyne clean energy system can save an institution four to eight times its cost over the life of the system".

"Last year, we introduced a completely enhanced product that delivers 50% more power capacity with no increase in footprint, weight or price to the end user".

"Six months after that introduction, we had booked more than $8 million in new orders".

"With reduced cost of goods, this new product is gross margin positive".

"And that's nearly unheard of in our sector".

"In a separate development last year, we worked with Sun Microsystems, HP, IBM and other industry giants in a test project with the US Department of Energy's Berkeley Lab that proved powering data centres with DC current, as opposed to today's DC/AC/DC architecture, can cut energy waste and power bills at data centres around the world by 20% or more", McGough said.

He concluded by saying: "Thank you for recognising Pentadyne Power Corporation as a World Economic Forum Technology Pioneer".

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