News release: Third Wave Power receives 2014 Frost & Sullivan North American Solar Portable Battery Charger New Product Innovation Leadership Award

Thursday, July 17th, 2014

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Flagship product mPowerpad 2 solar charger launches in the US and will make its show floor debut at the Summer Outdoor Retailer Tradeshow 2014

Singapore, 24 July 2014 – Singapore-based company Third Wave Power Pte Ltd announced today that Frost & Sullivan has awarded the company the 2014 North American Solar Portable Battery Charger New Product Innovation Leadership Award.

This is part of the Excellence in Best Practices Awards presented by Frost & Sullivan each year to recognize companies that demonstrate outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research in order to identify best practices.

In the evaluation for the New Product Innovation Leadership Award, Third Wave Power was commended for Visionary Innovation and Product Excellence, scoring well in benchmark criteria such as Pioneering Best Practices, Reliability and Quality, Product/Service Value, Match to Needs, and Design, among others. Third Wave Power was also deemed best in class for understanding demand, nurturing the brand and differentiating from the competition.

According to Vishal Sapru, Research Manager and Growth Consultant at Frost & Sullivan, “Having identified the pressing market challenge presented by the unavailability of long-lasting and powerful batteries for use in smart and technologically advanced consumer devices, Third Wave Power has optimally used its strong technological competence and customer-driven aptitude to offer innovative battery solutions to its end users. The launch of mPowerpad 2 solar charger meets the customer need and also revolutionizes the solar portable battery charger market. The enriched features of this product, coupled with its dollar-for-dollar value, offer immense satisfaction for customers, further enabling the company to retain its competitive advantage.”

“We are immensely thrilled and honored to receive this award from Frost & Sullivan,” said VS Hariharan, Co-founder and Chief Executive Officer, Third Wave Power. “It is a resounding recognition of our achievements in combining sustainable energy with innovative technology to create affordable, portable, off-grid solutions that fill the power gap. This award will spur us to keep innovating and coming up with more creative and impactful energy products to benefit customers and communities.”

The award announcement is timely for Third Wave Power, which, after a successful launch in Asia-Pacific, is poised to introduce its range of products to the North American market through strategic channel partnerships. mPowerpad 2 chargers and accessories will be distributed by leading national wholesale distributor WYNIT Inc. as well as sold at popular online retailers such as Amazon, ShopHQ and Studica. Third Wave Power has also launched a variety of vertical channel initiatives in the US, including business-to-business (B2B) marketing and private labels, to extend its reach to the professional market.

Third Wave Power’s range of mPowerpad 2 solar chargers will also be making its debut on the US tradeshow floor at the Outdoor Retailer Summer Market Tradeshow to be held in Salt Lake City, Utah, from August 6-9, 2014. The company hopes to expand its presence in the US outdoor market by showcasing its products to one of the largest gathering of outdoor retailers and buyers at its booth there.

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