COSTA MESA, Calif., May 8, 2014 (GLOBE NEWSWIRE) -- 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
Company Contact William Tsumpes, CEO T3 Motion, Inc. (714) 619-3600
