SunTech Drive Awarded Colorado Top 50 Companies to Watch

LOUISVILLE, Colo. - June 25, 2019 - PRLog -- –SunTech Drive LLC., an innovative solar power electronics company headquartered in Louisville, is proud to announce it has been selected as a 2019 Colorado Company to Watch. Colorado Companies to Watch honors second stage companies that develop valuable products and services, create quality jobs, enrich communities, and create new industries throughout Colorado.

"The 2019 Colorado Companies to Watch Winners represent our state's thriving business ecosystem," said Sam Bailey, Chair of CCTW. "We are proud to recognize SunTech Drive for their outstanding contribution in fueling the economic fire of Colorado. Companies like SunTech are the growth-oriented companies that are adding new jobs, innovating industries, and enhancing communities across Colorado."

Colorado Companies to Watch, brought to you by Bank of America Merrill Lynch, works to recognize the driving economic forces in the state by focusing not merely on growth, but on the true impact and influence of an organization. By focusing on second stage companies across the state, the program offers distinct insight into the state's economic landscape and recognizes organizations often overlooked for the critical impact they have in their industries, communities and regions, as well as our state as a whole. Every year Colorado Companies to Watch selects 50 award winners from a pool of over 1000 businesses across the state. These businesses are selected based on their size and stage, revenue growth, exceptional entrepreneurial leadership and sustainable competitive advantage.

SunTech Drive produces intelligent power electronics that enable off-grid and edge-of-the-grid AC loads to be effectively powered by solar. In addition to off-grid pumping solutions, SunTech Drive's products use real-time blending of solar and AC grid power, along with variable speed technology, to eliminate peak demand charges to the consumer and to offset grid power consumption using solar energy.

"SunTech Drive is honored to be recognized as one of the 2019 Colorado Companies to Watch," said Bud Michael, CEO of SunTech Drive.  "SunTech is leading the power electronics industry to make solar energy accessible, easy and affordable for industrial applications. We are proud to be a Colorado company."

Established in 2013, SunTech Drive's vision is simple – to democratize solar.  SunTech believes in providing an easy solution to solar water pumping, pond aeration, ventilation, and a range of other applications so that people around the world have access to clean, renewable power.

For more information on SunTech Drive, contact Vice President of Sales and Marketing Jeff Lints at:

Jeff.Lints@SunTechDrive.com or (877) 230-7501.

About SunTech Drive

SunTech Drive bridges the most efficient off-grid nanogrid controllers on the market with Energy IoT. The patent pending designs represent a dramatic departure from the large and costly controllers of the past. The company replaces legacy electromagnetic cores and windings with high-speed digital switching silicon and adaptive firmware. This results in controllers that are an order of magnitude smaller and lighter, and allows for incorporating multiple system components into one integrated controller.

About Colorado Companies to Watch

Colorado Companies to Watch is an awards program honoring 2nd-stage companies headquartered in the state of Colorado. The 500 companies that have been honored since the program's inception demonstrate high performance in the marketplace or exhibit innovative products or processes. The program is designed to seek businesses from a wide range of industries throughout the state, not just the major metropolitan areas. The 50 companies selected each year make an astounding impact on Colorado's economy by collectively providing thousands of jobs and contributing millions of dollars in revenue. The Colorado Office of Economic Development and International Trade (OEDIT) launched the program in 2009 in conjunction with the Edward Lowe Foundation and valuable community partners from across Colorado.

For more information on Colorado Companies to Watch, visit ColoradoCompaniestoWatch.org, facebook.com/ColoradoCompaniestoWatch and Twitter @ColoradoCTW.