Redmere wins Prestigious Silicon Valley Award

16th March 2010

Redmere, the leading supplier of smart active cable solutions, received the 2010  ITLG/Irish Times Innovation Award presented by the Irish Technology Leadership Group (ITLG) at a ceremony hosted by Chairman of the ITLG Craig Barrett, former CEO and Chairman of Intel Corporation, last night at Stanford University.

Commenting on the award, CEO of RedMere, Peter Smyth said, “We are honoured to receive this award. RedMere’s active cable solution currently has fast growing market traction. This award reaffirms the innovation and market potential for the chip technology that is transforming today’s thick and short high bandwidth cables, for HDMI 1.4 and DisplayPort 1.2, into ultra-thin portable cables for consumer electronics or ultra-long cables for home and office installation. The ITLG is a prominent independent organization providing a great support network for Irish start-ups and creating visibility among US technology companies. We look forward to working with them in the future.”

RedMere’s chip technology removes up to 80% of the copper and PVC content used in high definition video/data cables by placing a self-powered chip in cables. The chip allows for cable designs that are ultra-thin, about 2mm in diameter – perfect for carrying in your pocket or in your camera case. The chip also extends the potential length of HDMI cables to up to 40m/130ft used by the custom installer market.

Governor of California, Arnold Schwarzenegger, attended this event along with senior public officials and executives from both Irish and American companies.

Established in October 2007, the ITLG is a group of high-level technology leaders in Silicon Valley who are Irish or Irish-American each of whom are committed to helping Irish start-up companies.

About RedMere:
RedMere provides cable-embedded semiconductors and advanced cable reference designs to cable industry leaders and manufacturing partners. In a world where connection speed increases, RedMere enables easy to use, high quality, smart connectivity for The Home, On the Move and The Office. These new active cable systems deliver the ultimate in compact digital connectivity over HDMI, DisplayPort and USB for Video and Still Cameras, Smartphones, HDTV, Blu-Ray DVD, PS3 and Xbox, as well as enterprise solutions using Infiniband and PCI Express. RedMere is a private company with lead investors Celtic House Venture Partners and EdgeStone Capital Partners.

Contact:
Karen Whelton, Marketing Communications, RedMere karen.whelton@redmere.com