Highest Wind Scores Speed Venture Summitâ„¢ Invitation

Nashua, NH, September 03, 2009 --(PR.com)-- The Speed Venture Summit™ vision is to help launch the best companies by providing them ready access to private capital. Highest Wind, a developer of breakthrough wind-energy systems based in Newmarket, New Hampshire, seeks to soar beyond that launch as one of the first companies selected to pitch at the October 28 Summit, the premier speed-dating-style event for fast-growth businesses and investors in New England, co-hosted by the New Hampshire High Technology Council and the New Hampshire Small Business Development Center, and brought to you by Gold Sponsor Comcast Business Class.

“We applaud the creativity of the technology team at Highest Wind,” said Summit producer Tim Platt. “Taking a page from ‘Colonel’ Edwin Drake’s oil-drilling playbook, they have developed a system to tap the sources of wind where they are strongest—at higher altitudes—and thereby greatly expand the global viability of this renewable energy resource.”

Matt Benson, chair of the Speed Venture Summit™ selection committee, agreed: “New technologies and new solutions are critical in the green tech market, and our investors want to see companies like Highest Wind offering new ways to solve the challenges of wind-energy production.”

Highest Wind was founded in 2008 by CEO Dimitri Cherny. Highest Wind’s “Energy Gliders™” will be cost-effective for locations comprising more than 50% of the planet. Energy Gliders will harvest the winds 1,000 feet above the ground. At that height, more than half of the earth has adequate average wind speeds to produce electrical power.

“We look forward to leveraging our patent-pending technology with capital sourced through the Speed Venture Summit process,” said Cherny. “The Summit provides us an ideal opportunity to meet directly with the top clean-tech sector investors and pitch them our growth story. It is an honor to be selected, and we intend to make the most of it.”

At the October Summit, participating businesses will represent all sectors and development stages, from start-up to later-stage and will “speed pitch” to the region’s savviest and shrewdest investors, ranging from individuals and Angels to venture capital firms and private equity and mezzanine financers. Organizers expect that a total of approximately 50 companies will speed-pitch to 25 different investor groups in private 1:1 sessions throughout the afternoon.

The “speed-pitching” segment of the Summit will be held from 2:00 to 5:00pm, and will be followed by a two-hour business networking session open to the public that will provide an excellent opportunity for young companies to gain exposure and knowledge around seeking investment capital. The event will end with a pitch-off from among the day’s top companies.

For more information about the Summit, or to register for the networking segment, visit www.speedventuresummit.org

About Speed Venture Summit: The Speed Venture Summit™ is the premier speed-dating-style event for fast-growth businesses and investors in New England, brought to you by the New Hampshire High Technology Council and the New Hampshire Small Business Development Center. Featuring the hottest growing companies in New England, the Speed Venture Summit™ is open to businesses from all industries, and is promoted throughout the region.

About the NH Small Business Development Center (NH SBDC): The NH SBDC provides confidential business management consulting and educational programs to New Hampshire’s small businesses. NH SBDC is an outreach program of the UNH Whittemore School of Business & Economics, , and a cooperative venture with the U.S. Small Business Administration, the State of New Hampshire (DRED), the University System of New Hampshire, and the private sector. For more info on the NH SBDC, visit www.nhsbdc.org.

About the New Hampshire High Technology Council (NHHTC): The NHHTC’s purpose is to bring together representatives from the private and public sectors to establish and maintain financial, technical, management, legislative and educational support programs that encourage innovative research and technology-based industrial development in NH. www.nhhtc.org

About Highest Wind: Highest Wind is a developer of breakthrough wind-energy systems based in Newmarket, New Hampshire. Highest Wind’s “Energy Gliders™” will be cost-effective for locations comprising more than 50% of the planet.

Contact:
Tim Platt
Producer, Speed Venture Summit™
603.410.1520
tcp@kinsmanco.com

Dimitri Cherny
Founder/CEO-- Highest Wind LLC
603-969-4667
dimitri@highestwind.com

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Speed Venture Summit
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603.410.1500
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