13 February 2009

Grip^® Innovations A Contender for “World’s Best Technology” Title

Phoenix-area AV Networking Technology Grabs Attention at the 2009 WBTshowcase

February 13, 2009 | Arlington, TX – Grip^® Innovations has been selected to join the top technology innovators from across the nation and around the world to present at the March 24-25 WBTshowcase in Arlington, Texas.

Grip^® Innovations’ software-driven multimedia network technology – used to create the first comprehensive professional audiovisual (AV) system – will be rigorously screened and mentored by WBTshowcase commercialization experts to present to an audience including over 100 venture investors and Fortune 500 licensees.

“The revolutionary nature of the technologies presenting at the WBTshowcase makes it a must-attend event for investors and licensing scouts,” said Paul Huleatt, WBTshowcase CEO.

The WBTshowcase is the nation's premier event showcasing the largest collection of undiscovered technologies emanating from the world’s leading universities, labs and research institutions. 

“We are honored to participate in this year’s WBT Showcase,” said David Saar, President and CEO of Grip^® Innovations. “It’s an invaluable forum for us to reach out to the investment community and to network with other technology companies.  We look forward to sharing our vision of how we are transforming the professional AV industry and moving it into the 21st century.”  

Each year, just one of the WBTshowcase’s carefully selected presenters receives the "Best of Show" award.

Mr. Huleatt highlighted that the companies groomed to present at the WBTshowcase leave with new knowledge and contacts to take their technologies to market and beyond.

The 2008 World’s Best Technologies Showcase brought together over 75 world-class deals and attracted over 450 attendees including over 100 bonafide investors and Fortune 1000 licensees.

According to Mr. Huleatt, approximately 1/3 of past WBTshowcase presenters have gone on to secure venture capital or a licensing/strategic partnering agreement with a Fortune 500 company.  To date, past presenters have raised over $400 million in first (or next) round venture capital.

ABOUT Grip^® Innovations
Grip^® Innovations provides network solutions for the professional audiovisual (AV) market that reduce equipment costs and increase operational efficiency. We serve the multimedia needs of businesses, conference facilities, convention centers, schools, theaters, arenas, recording studios, and concert halls. Grip® Innovations, founded in 2003, is headquartered in Glendale, Arizona. www.gripav.com

ABOUT WBTshowcase
The WBTshowcase is the nation's premier event showcasing the largest collection of undiscovered technologies emanating from the world’s leading universities, labs and research institutions. www.wbtshowcase.com