Millennial Net Snags Investors' Choice Award
Company Voted One of 10 Companies with Greatest Potential to Succeed
CAMBRIDGE, Mass.--April 27, 2004--Millennial Net, Inc., the leading developer of hardware and software for self-organizing, wireless sensor networks, today announced that Dow Jones VentureWire has selected Millennial Net as an Investors' Choice Award winner at its annual Wireless Ventures conference held last week in Redwood City, Calif. One of only 10 companies honored with the prestigious Investors' Choice distinction, Millennial Net was recognized as a start-up technology company that is best positioned for long-term success in the wireless space.
Invited by VentureWire to present wireless strategies, technologies and opportunities at Wireless Ventures, the 10 Investors' Choice Award winners were selected from among 54 privately held wireless technology presenters. Millennial Net was the only wireless sensor networking company to win the award. Conference attendees, comprising over 300 business leaders, venture capitalists, entrepreneurs and industry analysts, in conjunction with an official judging panel, selected Millennial Net for the Investors' Choice Award. The award is based on the company's innovations in wireless sensor networking technology and its unique approach to solving user networking challenges and expanding revenue opportunities for OEMs and systems designers.
"The outlook for the wireless industry is getting better and better and the Investors' Choice Award winners are in prime position to take advantage of these opportunities," said Richard A. Shaffer, president and editor of Dow Jones Financial Information Services.
Millennial Net demonstrated its i-Bean® wireless sensor networking technology and presented on opportunities to capitalize on the emerging market for machine-to-machine (M2M) communication and ubiquitous monitoring applications, one of the major themes of the conference. Millennial Net's technology allows users to connect devices in remote locations and collect and manage previously unattainable information for applications spanning industrial, healthcare, consumer and military markets. Millennial Net's technology and focus impressed attendees and judges with its ability to provide the best solutions to customers' sensor networking challenges, regardless of radio or other infrastructure requirements, while uniquely addressing the power-efficiency requirements of low-data rate sensor networks.
"Winning a VentureWire Investors' Choice Award represents an incredible vote of confidence from the venture capital and business community," said Mark Pacelle, vice president of marketing for Millennial Net. "This recognition affirms our ability to dominate the wireless sensor networking market through superior technology, best-in-class solutions and a product strategy that minimizes time-to-deployment for our commercial customers."
The VentureWire Investors' Choice Award adds to the numerous honors and industry analyst acclaim Millennial Net has already received over the last year. Millennial Net and its i-Bean technology are also recipients of awards and listings such as Sensors magazine's Sensors Express Readers' Choice Award; a Best of Sensors Award from Sensors Expo; FierceWireless' The Fierce 15; The FocalPoint Group, Inc.'s FocalPoint 40; and M2M Magazine's M2M 100.
About Dow Jones Financial Information Services and VentureWire
Dow Jones Financial Information Services produces focused, sector-specific online newsletters and industry events (www.djnewsletters.com, www.venturewire.com). The group is a unit of Dow Jones Newswires (www.djnewswires.com), which provides real-time news for financial professionals in the equities, fixed-income, foreign exchange and energy markets, and also offers news for financial firms' Web sites. The FIS product lineup includes VentureSource, a sophisticated electronic database on the venture-capital industry; Private Equity Analyst, a monthly newsletter on private equity; VentureWire Pro, the leading daily newsletter on venture capital; and Daily Bankruptcy Review, a "home grown" Dow Jones newsletter for bankruptcy lawyers and related professionals. In addition to Dow Jones Newswires, Dow Jones & Company (NYSE: DJ; www.dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Indexes and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the United States.
About Millennial Net
Headquartered in Cambridge, Mass., with offices in Tokyo, Japan, Millennial Net is the world's leading developer of hardware and software for self-organizing, low power wireless sensor networks. Millennial Net's award-winning networking software and tiny micro-power hardware elements, called i-Beans®, allow instrumentation and sensing devices like gauges, sensors and actuators to connect and communicate with each other over self-organizing, self-healing networks. Patent-pending engineering enables the i-Bean to operate with an extremely low rate of power consumption on the energy of a 3-volt coin-sized battery for years at a time. Wireless sensor networks enable the remote monitoring and management of critical devices while providing continuous streams of previously unavailable data to enable more informed decision-making, better control and increased revenue opportunities. Wireless sensor networks are in use today for industrial, medical, consumer and military applications. Millennial Net is committed to advancing Wireless Sensor Networking...Anywhere. For more information, please visit www.millennial.net.