Third Wave Power Receives Frost & Sullivan 2014 Best Practices Award

BUONA VISTA, Singapore - July 24, 2014 - PRLog -- Singapore, 24 July 2014 – Singapore-based company Third Wave Power Pte Ltd announced today that Frost & Sullivan has awarded the company the 2014 North American Solar Portable Battery Charger New Product Innovation Leadership Award (http://www.frost.com/prod/servlet/press-release.pag?docid=291480739&ctxixpLink=FcmCtx7&ctxixpLabel=FcmCtx8).

This is part of the Excellence in Best Practices Awards presented by Frost & Sullivan each year to recognize companies that demonstrate outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research in order to identify best practices.

In the evaluation for the New Product Innovation Leadership Award, Third Wave Power was commended for Visionary Innovation and Product Excellence, scoring well in benchmark criteria such as Pioneering Best Practices, Reliability and Quality, Product/Service Value, Match to Needs, and Design, among others. Third Wave Power was also deemed best in class for understanding demand, nurturing the brand and differentiating from the competition.

According to Vishal Sapru, Research Manager and Growth Consultant at Frost & Sullivan, “Having identified the pressing market challenge presented by the unavailability of long-lasting and powerful batteries for use in smart and technologically advanced consumer devices, Third Wave Power has optimally used its strong technological competence and customer-driven aptitude to offer innovative battery solutions to its end users. The launch of mPowerpad 2 solar charger meets the customer need and also revolutionizes the solar portable battery charger market. The enriched features of this product, coupled with its dollar-for-dollar value, offer immense satisfaction for customers, further enabling the company to retain its competitive advantage.”

“We are immensely thrilled and honored to receive this award from Frost & Sullivan,” said VS Hariharan, Co-founder and Chief Executive Officer, Third Wave Power. “It is a resounding recognition of our achievements in combining sustainable energy with innovative technology to create affordable, portable, off-grid solutions that fill the power gap. This award will spur us to keep innovating and coming up with more creative and impactful energy products to benefit customers and communities.”

The award announcement is timely for Third Wave Power, which, after a successful launch in Asia-Pacific, is poised to introduce its range of products to the North American market through strategic channel partnerships. mPowerpad 2 chargers and accessories will be distributed by leading national wholesale distributor WYNIT Inc. (http://www.wynit.com) as well as sold at popular online retailers such as Amazon (http://www.amazon.com), ShopHQ (http://www.shophq.com) and Studica (http://www.studica.com). Third Wave Power has also launched a variety of vertical channel initiatives in the US, including business-to-business (B2B) marketing and private labels, to extend its reach to the professional market.

Third Wave Power’s range of mPowerpad 2 solar chargers will also be making its debut on the US tradeshow floor at the Outdoor Retailer Summer Market Tradeshow (http://www.outdoorretailer.com/summer-market/index.shtml) to be held in Salt Lake City, Utah, from August 6-9, 2014. The company hopes to expand its presence in the US outdoor market by showcasing its products to one of the largest gathering of outdoor retailers and buyers at its booth there.

About Frost & Sullivan Best Practices Awards
Frost & Sullivan Best Practices Awards identify exemplary achievements within a multitude of industries and functional disciplines. The analysis on best practices that it conducts identifies companies, products, processes, and executives that have achieved world-class performances. This research is an invaluable source to companies for new ideas to improve strategies and processes, which ultimately drive corporate growth. These achievements are recognized with Frost & Sullivan Best Practices Awards Banquets. www.frost.com (http://www.frost.com/prod/servlet/press-release.pag?docid=291480739&ctxixpLink=FcmCtx7&ctxixpLabel=FcmCtx8)

About Third Wave Power
Third Wave Power (http://www.thirdwavepower.com) aims to empower people around the world by improving lives and increasing productivity. By combining sustainable energy with innovative technology and features, the company creates portable power solutions that are essential for work and life, on or off the power grid. Third Wave Power’s renewable power solutions are used in field work, emergency back-up situations, outdoor environments and rural programs the world over, bringing power to people where it matters and is needed most. Incorporated in 2011 and based in Singapore, the company is backed by commercial incubator Small World Group and SPRING Singapore. www.thirdwavepower.com

Awards
·     2014 Frost & Sullivan North American Solar Portable Battery Charger New Product Innovation Leadership Award (http://www.frost.com/prod/servlet/press-release.pag?docid=291480739&ctxixpLink=FcmCtx3&ctxixpLabel=FcmCtx4)

·     Fresh Award ‘A First Look at New Technology,’ DISTREE EMEA 2014 (http://www.thirdwavepower.com/?p=514)

·     Fresh Award ‘A First Look at New Technology,’ DISTREE APAC 2013 (http://www.freshnewtechnology.com/events/apac2013.asp)

·     Green Technology Award, Singapore Sustainability Awards 2013 (http://www.sbf.org.sg/public/newsroom/details/20131031pr.jsp)

·     Most Eco-friendly Start-up, TechVenture 2011 (http://newasiarepublic.com/?p=33962)

Management team
VS Hariharan, Co-founder and CEO
Hariharan brings more than 20 years’ experience from the information technology industry. Throughout his career, he has also been involved in scaling many new and emerging businesses. In Hewlett-Packard Company and Wipro Infotech, he was in general management roles as well as senior positions in sales and marketing. Hari has extensive experience in product marketing as well as building go-to-market engines for consumer and business products.

Loi Jiew Liang, CTO/COO
Jiew Liang has more than 20 years’ experience in the information technology industry. He was with Hewlett-Packard Company for 18 years, during which he was responsible for technology development and also led R&D teams in printing and imaging product development. Jiew Liang holds a B.Eng. degree in Electrical Engineering from the National University of Singapore and an MBA from Nanyang Technological University.

Investors
Small World Group Incubator (http://www.smallworldgroup.com/?page_id=380)
Small World Group Incubator (SWGI) regularly provides seed funding, mentoring and help to start and grow small companies. SWGI operates under the National Research Foundation’s (NRF) Technology Incubation Scheme in Singapore. SWGI focuses on three areas of technology innovation – clean tech, optical systems and advanced materials.

SPRING SEEDS Capital Pte Ltd (SSC) (http://www.spring.gov.sg/)
A wholly-owned subsidiary of SPRING Singapore, SPRING SEEDS Capital manages the SPRING Start-up Enterprise Development Scheme (SPRING SEEDS), an equity-based co-financing option for Singapore-based start-ups with innovative products and/or processes with intellectual content and strong growth potential across international markets.

Photos/images: https://www.dropbox.com/sh/318o2dpvkw4vajq/AACLfYmjthVMjLwoMW6__LnBa

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