T3 Motion, Inc. Selected as a Finalist for the 2014 Red Herring Top 100 North America Award
May 08 2014 - 11:09AM
www.t3motion.com
- T3 Motion, Inc. announced today
it had been selected as a finalist for Red Herring's Top 100 North
America award, a prestigious list honoring the year's most
promising technology ventures from the North American business
region.
Red Herring has been selecting the most exciting and promising
start-ups and "scale ups" since 1995. Finalists are still evaluated
individually from a large pool of hundreds of candidate companies
based across North America.
T3 Motion is the first electric standup vehicle manufacturer to
be considered for this prestigious award as it continues to
demonstrate its leadership in clean technology and the electric
vehicle personal mobility industry.
Factors in the selection process included its advanced and
patented designs now deployed in more than 30 countries and
governments around the world including North American based law
enforcement ranging from the NYPD to the LAPD, and, government
agencies ranging from the CIA to the FBI. T3 Motion CEO William
Tsumpes remarked, "We are very proud to have our vehicles in use by
more law enforcement, government agencies and professional security
providers coast to coast than any other product in the world."
Overall, twenty major criteria underlie the scoring and process.
They include, among others: Technological advantage, Number of
customers and users, Market maturity, International footprint,
Branding, Level of specialty, IP and patents in the solution
created through internal R&D, Social contribution, Growth rate,
Industry awards and recognitions, CEO/Team experience and track
record.
Other factors include the candidate company's addressable market
size, its financing, the proof of concept, trailing revenues and
management's expertise. Each company goes through an individual
interview after filling out a thorough submission, complemented by
a due diligence. The list of finalists often includes the best
performing and prominent companies of that year.
This unique assessment of potential is complemented by a review
of the company's actual track record and standing, which allows Red
Herring to see past the "buzz" and make the list a valuable
instrument for discovering and advocating the greatest business
opportunities in the industry.
2014 will be remembered as a special vintage. "The finalists
list confirms the excellent choices made by entrepreneurs and VCs
and the start-ups' solid roots in corporate America, embracing
their innovations. By all metrics, it emphasizes the United States'
entrepreneurial excellence," said Alex Vieux, publisher and CEO of
Red Herring.
Finalist selections for the 2014 edition of the Red Herring 100
North America award are based upon technological innovation,
management strength, market size, investor record, customer
acquisition and financial health. During the several months leading
up to the announcement, hundreds of companies in the fields of
security, clean technology, Web 2.0, software, hardware, life
sciences, cloud, mobile and others completed their submissions to
qualify for the award.
Finalists are asked to present their winning strategies at the
Red Herring North America Forum in Monterey, Calif., May 14 to 16,
2014. The Top 100 winners will be announced at a special awards
ceremony the evening of May 16 at the event.
Please follow the Red Herring conference at
https://twitter.com/digitalherring hashtag #RedHerring100
CONTACT: Company Contact
William Tsumpes, CEO
T3 Motion, Inc.
(714) 619-3600
sales@t3motion.com