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Lithium-Ion Battery Maker Leyden Energy Named Finalist for 2011 TiE50 Award

Leyden Energy, Inc., a leading manufacturer of advanced lithium-ion batteries for the consumer electronics, energy storage and electric vehicle markets, announced today that it has been selected as a finalist for the 2011 TiE50 Awards Program, which recognizes the world’s top 50 technology startups. Selected by a committee of industry experts from a short list of 1,619 startups, Leyden Energy’s proprietary cell technology demonstrates the longest run time and superior cycle life while maintaining excellent performance and improved safety in high heat.

“Being selected as a finalist for the TiE50 Awards by a committee of industry experts is a great honor for Leyden Energy and does a great deal to support claims that our high energy density, long life batteries are among the best on the market,” said Aakar Patel, president and CEO of Leyden Energy.

The TiE50 Awards Program is Silicon Valley’s premier annual awards program and is contested by thousands of technology startups worldwide. Since its inception in May 2009, 94 percent of the winners and finalists have been funded, attracting over $20 billion in investments, and 42 companies have been acquired, merged or went public. This year, the TiE50 Awards Program will recognize the top technology startups from the following segments: Internet (including Social Networking), Energy (including Cleantech), Wireless/Mobile, Software (including Cloud Computing) and Life Sciences.

Leyden Energy is a manufacturer of advanced lithium-ion batteries for the consumer electronics, energy storage and electric vehicle markets. The company’s patented and proprietary cell technology addresses the shortcomings of previous generations of lithium-ion products by offering improved energy density, superior product life and optimal safety, even in high temperature environments.

In 2010, Leyden Energy was awarded a United States Advanced Battery Consortium (USABC) contract through its government program for lithium-ion advanced development for superior electromechanical energy storage technologies supporting the commercialization of hybrid and electric vehicles.

Backed by Lightspeed Ventures, Sigma Partners and Walden Capital, Leyden Energy’s pilot manufacturing, testing facility and executive offices are located in Fremont, Calif.

www.leydenenergy.com