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About Us

Cymbet Recieves 2008 Tekne Award

November 6, 2008

Company Honored as One of Minnesota's Technology Innovators

Minneapolis Minn., Nov. 6, 2008 – Cymbet Corporation received the 2008 Tekne Award for Advanced Manufacturing in the Small and Growing Company category at the 9th annual event held at the Minneapolis Convention Center on Oct. 30. The Tekne Awards acknowledge Minnesota companies and individuals who have demonstrated superior technology advancement and leadership in their respective fields.

Cymbet was recognized for their excellence in the production of advanced materials, chemicals, machinery and equipment, electronics, and components. Cymbet's EnerChip™ solid-state, thin-film battery embodies innovation in all these areas. With the recent launch of the EnerChip CC, which is the world's first thin-film battery with integrated battery management, Cymbet has again introduced new ways for designers to power advanced electronic devices such as wireless sensors, consumer electronics and industrial systems.

"We are thrilled to receive this 2008 Tekne Award," said Bill Priesmeyer, Cymbet CEO. "Bringing the EnerChip to market required innovation in all areas of our company – from materials research and product design, to manufacturing processes and customer applications. It is important to note that having access to highly educated and experienced technical talent in Minnesota has made a real difference for our company."

The Tekne Awards, presented by the Minnesota High Tech Association (MHTA) in partnership with Enterprise Minnesota and LifeScience Alley, annually recognize Minnesota's leading technology users and innovators. Tekne Award recipients represent a collection of industry leaders advancing Minnesota's status as a hub for technology innovation.

"This year's recipients are outstanding examples of innovation and leadership," said Kate Rubin, president, MHTA. "Cymbet is helping to secure Minnesota's place as a center of innovation in the global economy."

Judges selected one recipient out of the three finalists in each of 17 Tekne Awards categories recognizing the best and brightest in development, education, commercialization and management of technology. Company awards included separate categories for small and growing businesses (with annual revenues less than $50 million) and established businesses (with annual revenues of $50 million or more).

This year's Tekne Awards ceremony was emceed by Kerri Miller, host of Minnesota Public Radio's "Midmorning" and "Talking Volumes." A list of 2008 Tekne Award recipients and finalists is available online at www.tekneawards.org.

About Cymbet

Cymbet Corporation—a green technology company—is a leader in thin-film, solid-state storage devices and energy harvesting technology. The company is the first to market a surface mount packaged energy storage solution that designers can use to realize new embedded systems capabilities. Cymbet's EnerChip™ thin-film devices enable innovative energy storage applications for integrated circuits and new products for process control, medical, wireless, sensors, RFID, communications, consumer, portable electronics and energy harvesting. Visit Cymbet online at www.cymbet.com.

About Minnesota High Tech Association

The Minnesota High Tech Association (MHTA) accelerates the growth, sustainability and global competitiveness of Minnesota's technology-based economy through public policy advocacy, member collaboration and education, and community outreach. MHTA is the only membership organization that represents Minnesota's entire technology-based economy. MHTA members include organizations of every size - involved in virtually every aspect of technology creation, production, application and education in Minnesota. MHTA works in partnership with AeA, which represents Minnesota's technology organizations nationally. Find out more online at www.mhta.org.

Contact: Steve Grady

Cymbet Corporation
VP Marketing
763-633-1792
sgrady@cymbet.com

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