Cavendish Kinetics wins prestigious 2006 IST Grand Prize
EML client Cavendish Kinetics has won the coveted 2006 European Information Society Technology (IST) Grand Prize in recognition of its innovative Nanomech(TM) embedded non-volatile memory technology. As the winner, Cavendish Kinetics receives €200,000 prize money.
Cavendish Kinetics was one of 20 finalists shortlisted from more than 200 applicants across 28 European countries. The award ceremony was held on 22 March at the Austrian Academy of Sciences in Vienna.
Dr Mike Beunder, CEO of Cavendish Kinetics, said, "We're delighted to have won this award especially in the face of stiff competition from around Europe. We appreciate the hard work and diligence of the European Commission. It is especially gratifying to see the appreciation of Cavendish Kinetics' novel and revolutionary technology by such an extensive group. The resulting broader visibility and recognition for Nanomech will be extremely valuable in its ongoing development and commercialisation."
The European IST Prize is organized by the European Commission and European Council of Applied Sciences, Technologies and Engineering (Euro-CASE) in recognition of groundbreaking products that represent the best of European technological innovation.