|By Business Wire||
|October 31, 2012 03:05 PM EDT||
NovaTorque Inc., a Fremont, CA-based producer of highly energy efficient electric motors, has been chosen by AlwaysOn as a GoingGreen Silicon Valley Global 200 winner. Inclusion in the GoingGreen Silicon Valley Global 200 signifies leadership amongst peers, with game-changing approaches and technologies likely to disrupt existing and entrenched players in green technology. NovaTorque was selected by the AlwaysOn editorial team and industry experts based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.
“We are honored to be among a select group of innovators recognized for innovations in green technology,” says Emily Liggett, NovaTorque CEO. “Electric motors are everywhere, and nearly half of the electricity produced in the word is used to drive electric motors. NovaTorque’s innovative technology provides the real potential to significantly reduce the energy consumed and carbon emissions produced by the use of electric motors – with enormous positive potential consequences, both economic and environmental.”
Due to its unique patented flux-focusing stator and rotor hub geometry, NovaTorque motors produce this performance with an all-ferrite (versus rare earth) magnet design. The ability to use ferrite magnets enables NovaTorque to price its motors to compete effectively with induction motors with extraordinarily rapid payback on the initial investment.
GoingGreen Silicon Valley is a two-day executive event where cutting-edge greentech CEOs meet the movers and shakers from the biggest industries on earth. NovaTorque and the GoingGreen Silicon Valley Global 200 companies will be honored at AlwaysOn’s seventh annual GoingGreen Silicon Valley, November 27th and 28th, 2012, at the Golden Gate Club in San Francisco, CA.
“GoingGreen Global 200 winners are pushing the bounds of how technology can bring about change in the war on our planet’s waning resources. The strength of these companies lies in their ability to nurture innovative ideas and seen them through to successful, sustainable, and profitable businesses,” says Tony Perkins, founder and editor of AlwaysOn.
ABOUT NOVATORQUE, INC.
NovaTorque is a producer of Electronically Commutated Permanent Magnet (ECPM) motors that deliver the superior energy efficiency of permanent magnet motors at price points more comparable to the common AC induction motor. NovaTorque accomplishes this through an innovative, flux-focusing, design that allows for the use of ferrite rather than rare-earth magnets.