mPowerSolar Inc Named TiE50 Finalist

mPowerSolar has been named as TiE50 Finalist, as a leader in entrepreneurship, innovation, and management excellence. The TiE50 awards will be presented at TiEcon 2011, May 13 – 14th, at the Santa Clara Convention Center in Santa Clara, CA. The finalists chosen from over 1,619 nominations, represent the most promising startups of 2011.

mPowerSolar developed the industry's first micro-inverter platform Altior TM to significantly lower the LCOE (Leveraged Cost of Electricity) for Solar PV installations. With a mission to accelerate Solar PV's journey to grid-parity mPowerSolar has adopted a platform approach to deliver high performance and reliable power conversion solutions for the residential and commercial installations.

mPowerSolar recently introduced the Altior 300-208V the industry's first 3-phase micro-inverter for commercial installations. Targeted at the urban rooftop, Altior 300-208V micro-inverters would help installers put up 10KW-50KW systems in the shortest possible time. Altior micro-inverters deliver a 15% increased efficiency when compared to the traditional centralized inverter solutions for commercial rooftop With an integrated cable assembly that includes the ground wiring Altior micro-inverters significantly lower the installation time and cost. In addition a comprehensive monitoring and reporting system complete with a touch screen LCD display and web application makes the Altior platform offers a complete solution for commercial Solar PV installations.

“We are thrilled to be recognized by TiE, a highly respected global network of leading entrepreneurs, as one of the most promising startups of 2011,” said Surya Potharaju, CEO of mPowerSolar."To make it to the TiE50 Finalist in the competitive Energy segment is very exciting for 18 month startup like us."

“mPowerSolar's innovation in Energy segment has helped secure the finalist position and established the company as a serious contender for a TiE50 Award this year,” said Vish Mishra, president of TiE Silicon Valley. “TiE Silicon Valley congratulates mPowerSolar for its selection as a finalist from the more than 1,600 entries we received this year.”

The TiE 50 judging process was designed with meticulous planning, screening and judging by a list of over forty prominent entrepreneurs, venture capitalists, corporate executives and other domain experts. TiE is also pleased to acknowledge the nominee companies and those who publicly voted from around the world and contributed to the TiE50 selection process. TiE50 winners will present their companies in a live showcase over the two days of TiEcon 2011, on May 13th and 14th in Santa Clara, CA.

TiEcon 2011: Innovation Reigns, will feature session tracks and keynote speeches focused on key market segments: Cloud, Mobile, Social, Energy and Life Sciences. Fifteen panel sessions will cover the hottest issues for industry participants, customers, and investors in these high profile industry sectors. Keynotes at TiEcon 2011 include: Steve Case, Co-Founder of AOL and Chair of the Startup America Partnership; Sal Khan, Educator and Founder of the Khan Academy; and Vinod Khosla, Founding CEO of Sun Microsystems, Founder of Khosla Ventures.