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Beneq is Winner of the 2011 Red Herring Top 100 Europe award

31 May 2011

Beneq has been chosen a Winner of Red Herring's Top 100 Europe prize, an award in recognition of the leading private companies from Europe, celebrating these startups’ innovations and technologies across their respective industries....

Red Herring’s Top 100 Europe list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, YouTube, and eBay would change the way we live and work.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Europe to the Top 100 Winners. We believe Beneq embodies the vision, drive and innovation that define a successful entrepreneurial venture. Beneq should be proud of its accomplishment, as the competition was very strong. Mr Sampo Ahonen, Beneq CEO, comments: “To rise from Finalist to Winner in Red Herring’s challenge is an honor we acknowledge and value highly. My personal thanks for having achieved this award of recognition go to everyone at Beneq, our partners and our customers, all of which bear a critical role in building success and profit for our business.

For more information, please contact:

Sampo Ahonen, CEO, Beneq Oy
tel. +358 40 520 1090
e-mail sampo.ahonen(at)beneq.com

Beneq Oy, based in Finland, is a supplier of equipment and coating technology for global markets. Beneq turns innovations into success by developing applications and equipment for cleantech and renewable energy fields, especially in glass, solar and emerging thin film markets. Coating applications include optics, barriers and passivation layers, as well as energy generation and conservation. Beneq also offers complete coating services. The coating applications of Beneq
are based on two enabling nanotechnology platforms: Atomic Layer Deposition (ALD) and aerosol coating (nHALO® and nAERO®). www.beneq.com

Beneq, nAERO and nHALO are registered trademarks of Beneq Oy.

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Beneq is a Finalist for the 2011 Red Herring Top 100 Europe

11 May 2011

Beneq has been selected as a finalist for Red Herring's Top 100 Europe award, a prestigious list acknowledging the year’s most promising private technology ventures from the European business region. The chosen finalists reflect the...

The chosen finalists reflect the most innovative companies from a pool of hundreds from across Europe. The nominees are evaluated on several criteria, including financial performance, technology innovation, management skills, execution of strategy and integration into their respective industries. This assessment of potential is further complemented by a review of the actual track record and status of a company, which allows Red Herring to see past the “buzz” and make the list a credible instrument for discovering and advocating the greatest business opportunities in the industry.

"This year was very rewarding," said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. Beneq shows great promise therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Europe. We know that the 2011 crop will grow into some amazing companies that are sure to make an impact."

Beneq CEO, Mr Sampo Ahonen, says: “This acknowledgement is very pleasing, as it further assures us at Beneq, our customers and owners alike, that our work is on a sound and credible basis, regardless of who is evaluating our business. We have unique skills within Beneq, and we are eager to put them to work and turn them into success.”

For more information, please contact:
Mr Sampo Ahonen, CEO, Beneq Oy
Tel: +358 40 520 1090
e-mail: sampo.ahonen(at)beneq.com

Beneq Oy, based in Finland, is a supplier of equipment and coating technology for global markets. Beneq turns innovations into success by developing applications and equipment for cleantech and renewable energy fields, especially in glass, solar and emerging thin film markets. Coating applications include optics, barriers and passivation layers, as well as energy generation and conservation. Beneq also offers complete coating services. The coating applications of Beneq are based on two enabling nanotechnology platforms: Atomic Layer Deposition (ALD) and aerosol coating (nHALO® and nAERO®). www.beneq.com

Beneq, nHALO and nAERO are registered trademarks of Beneq Oy.

Read the news in pdf-format.

Beneq paving the way for sustainable energy solutions in India

13 April 2011

During a recent visit to Finland, Indian Minister for New and Renewable Energy, Mr Farooq Abdullah, met Finnish Minister of the Environment, Mrs Paula Lehtomäki, together with Cleantech Finland officials and member companies, including Beneq...

Minister Farooq Abdullah opened the meeting by emphasizing his interest in solutions that Cleantech Finland member companies have for the most important energy questions facing India. India's consumption of energy is today the fifth largest in the world, exceeding own production by 12.7%. Rapid domestic economic and population growth will keep the need for energy growing in the future, and so the challenge is how to increase both energy production and energy efficiency. Another major challenge is the restricted availability of electrical power; more than 400 million Indians have no access to electricity. The situation is most serious in scarcely populated areas. In addition, there are frequent interruptions in local electricity distribution, due to poor condition of the power grid.

Answering the call, Cleantech Finland member companies offered concrete solutions for India’s energy challenges. Mr Sampo Ahonen, CEO of Beneq, advocated solar energy as an energy source in areas where electricity is not available at all. In these areas, access to electricity during the daytime would already be a major improvement, and the solar radiation values in India are among the highest in the world. Beneq delivers coating equipment for improving the efficiency of photovoltaic cells.

According to Mr Matti Rae, Director of New Technologies at Ensto, the solution to electricity distribution reliability and electric network functionality is Ensto’s smart grid expertise.

Mrs Maria Paatero-Kaarnakari from Fortum presented a combined energy and heat production solution and a charging point network for electric cars, which Fortum has implemented in co-operation with the City of Espoo and Ensto.

Vacon CEO Mr Vesa Laisi presented the company’s innovations for energy efficiency – a frequency transformer that controls electric motor operation and reduces energy consumption by an average of 10%.

Summing up the gist of the meeting was Mr Santtu Hulkkonen, Cleantech Finland Program Director: ”India, its rapidly growing industry and need for energy, and its interest in renewable energy, represents huge market potential for Finnish cleantech companies, and there is a lot of need for Finnish cleantech expertise. Cleantech Finland (which arranged the meeting with Minister Abdullah) assists Finnish environmentally aware technology companies to market and communicate their competence in India”.

For more information, please contact:
Mr Sampo Ahonen, CEO, Beneq Oy
Tel: +358 40 520 1090
e-mail: sampo.ahonen(at)beneq.com

For more information about Cleantech Finland, please visit the homepage.

Beneq, nHALO and nAERO are registered trademarks of Beneq Oy.

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Beneq and Glaston announce first TCO line sale

22 March 2011

The first Beneq-Glaston TFC2000™ line for manufacturing TCO coatings on glass for photovoltaics (PV) has been sold to Asia. The total order is approximately EUR 14 million, of which Glaston’s share is over EUR 4 million. The line...

Beneq CEO, Mr Sampo Ahonen, comments: “This is a definitive demonstration of the growing need for high-quality TCO-glass and coating equipment to manufacture it. It is also good proof of the seamless cooperation between Beneq and Glaston, which with this transaction has taken a giant leap forward.”

In September 2010, Beneq and Glaston announced their strategic cooperation for solar glass coating equipment. Results of the collaboration between the companies brought about the new TFC2000™ continuous offline production concept, which enables a commercially affordable way to manufacture high-quality TCO coated glass for the solar industry. The Beneq coating system, featuring unique and proprietary nAERO^® technology, is fully integrated into Glaston’s CHF Pro™ heat treatment line. The TFC2000™ combines world-leading glass and annealing technology with advanced thin film coating for rapidly growing solar applications.”

“The sale of the first TFC2000™ line in such a relatively short period of time is very encouraging and confirms that the joint Beneq-Glaston offering has been well positioned to serve the needs of the growing thin film PV industry with a solution that is unique and competitive”, Glaston CEO Mr Arto Metsänen comments.

For more information, please contact:

Mr Sampo Ahonen, CEO, Beneq Oy
Tel: +358 40 520 1090, e-mail: sampo.ahonen(a)beneq.com

Mr Arto Metsänen, CEO and President, Glaston Oyj Abp
Tel: +358 10 500 500 About Beneq

About Beneq
Beneq Oy, based in Finland, is a supplier of equipment and coating technology for global markets. Beneq turns innovations into success by developing applications and equipment for cleantech and renewable energy fields, especially in glass, solar and emerging thin film markets. Coating applications include optics, barriers and passivation layers, as well as energy generation and conservation. Beneq also offers complete coating services. The coating applications of Beneq are based on two enabling nanotechnology platforms: Atomic Layer Deposition (ALD) and aerosol coating (nHALO^® and nAERO^®). www.beneq.com

About Glaston
Glaston is an international glass technology company and a pioneer of glass processing technology and service business for glass processing machines. Glaston’s well-known brands are Bavelloni in pre-processing machines and tools, Tamglass and Uniglass in safety glass machines and Albat+Wirsam in software solutions. Through its quality products and services, Glaston aims to be its customers’ most valued partner. As a globally operating company, Glaston serves its customers worldwide in over 20 locations. Glaston’s head office is located in Tampere, Finland. Glaston’s share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List. www.glaston.net

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Cleantech-oriented Beneq receives 9 million euro investment

10 January 2011

Finnish Industry Investment, Via Venture Partners and private investors have invested altogether 9 million euros in the Finnish cleantech company Beneq. Beneq is a supplier of production and research equipment for advanced nano-scale thin film coatings used for example in solar cells, glass coatings, and flexible electronics, such as OLED lighting.

Sampo Ahonen, CEO of Beneq comments on the investment: “This investment in Beneq is, on the one hand, a definite sign of confidence in our corporate strategy, our technical expertise and our projected continued growth. On the other hand, it is also a guarantee of constant expansion and development of our services for our customer base, be that full-scale industrial production, research or R&D”.

Beneq, founded in 2005, currently employs over 60 people in its headquarters in Vantaa, Finland and in its sales offices in Germany, China and USA. The company has exhibited an average annual growth rate of 93% during the last three years. In 2010, its turnover was approximately 10 million euros. The company is currently moving from piloting to industrial production.

Juha Lehtola, Investment Manager at Finnish Industry Investment comments: “Beneq is a pioneer in the Finnish nanotechnology sector. The company’s technology and equipment bring added value for example to the production of solar energy and many other fast-growing application areas. The company has already proven its growth capabilities and we are expecting strong export-driven growth also in the future“.

Via Venture Partner has been an investor in Beneq since 2007 and has taken an active part in the company ever since. Peter Thorlund Haahr, partner in Via Venture Partners comments: “Beneq is an extremely promising company with a strong management team that has proven capable of bringing Finnish technology to the global scene. We hope to find equally good investment opportunities in Finland in 2011”.

For more information, please contact:

Mr Sampo Ahonen, CEO, Beneq Oy
Tel: +358 40 520 1090, e-mail: sampo.ahonen(a)beneq.com

Mr Juha Lehtola, Investment Manager, Finnish Industry Investment Ltd
Tel: +358 40 064 7671, e-mail: juha.lehtola(a)industryinvestment.com

Mr Peter Thorlund Haahr, Partner, Via Venture Partners
Tel: +45 2810 1795, e-mail: pth(a)viaventurepartners.com

Finnish Industry Investment Ltd is a government-owned investment company whose mission is to promote and stimulate Finnish business, employment and economic growth through capital investment. Finnish Industry Investment invests in growth companies, directly and through funds, together with private co-investors. Capital investments are needed for financing the growth of investee companies, internationalisation, spin-offs, major industrial investments, and sector and corporate restructurings. The targets are in all sectors. The investments of Finnish Industry Investment amount to some MEUR 660. www.industryinvestment.com

Via Venture Partners is a leading Nordic venture capital fund that invests in Nordic IT- and technology companies with international growth potential. The fund manages EUR 268 million provided by ATP, Denmark’s largest pension fund. Since its launch in 2006, Via Venture Partners has successfully invested in several companies in Denmark, Sweden, Norway and Finland and currently holds 13 companies in its portfolio. See also www.viaventurepartners.com

Beneq, nHALO and nAERO are registered trademarks of Beneq Oy.

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