PRZOOM - /newswire/ -
Knoxville, TN, United States, 2009/11/23 - TrakLok™ Corporation won the business plan pitch competition for seed and early stage companies at ThrottleUp 2009, receiving a $1,000 award and the chance to present before TNInvestcos venture capital funds.
TrakLok™ Corporation (TrakLok), of Knoxville, Tennessee, won the business plan pitch competition for seed and early stage companies at ThrottleUp 2009. By winning the pitch competition, TrakLok received $1,000 award and the chance to present before the newly created TNInvestco venture capital funds. ThrottleUp is part of The Innovation Imperative, a three day conference celebrating the entrepreneurial ecosystem in Tennessee, and the Tennessee New Innovation Pitch Competition, a network of pitch competitions from around the state of Tennessee. The winner of ThrottleUp received a cash prize of $1,000 and has the opportunity to present before the newly formed Tennessee Investment Companies (TNInvestcos) along with other winners from across the state. Eric Dobson, TrakLok CEO, said, “Throttle-Up 2009 was a well-orchestrated event that really highlights the quality ventures around the Southeast.”
ThrottleUp is a competition designed to be an educational experience. Although the competition includes a traditional company pitch, the format also includes direct feedback from a number of judges on the strong points of the pitch and what could be improved. “We were very thrilled with the way ThrottleUp 2009 turned out. Out of six excellent companies chosen to present, TrakLok rose to the top. We believe ThrottleUp helped all of the companies to be in a better position raise the necessary capital to grow their businesses here in East Tennessee,” said Shawn Carson of Tech2020’s Center for Entrepreneurial Growth.
“We are thrilled about winning the competition. On top of our similar win at Five Ventures business plan competition earlier this year, it is quite an honor and a public recognition of the hard work of our leadership team.” said Dobson.
TrakLok (traklok.com) is a product and service company deploying a solution to secure and globally track intermodal shipping containers. TrakLok provides a combined service offering to companies shipping high value, high interest, and hazardous materials. TrakLok sets the foundation for an end to end cargo tracking and security management system that stands to dramatically increase the security of cargo and containers while maximizing the efficiency of their movement and storage. Using physical security technologies, wireless communications, and wireless sensor networking, the GeoLok™ and TrakLog™ solution provides lock-tight security in a total asset visibility approach for high value and high interest shipments throughout the world.
For more information contact:
Eric Dobson, Ph.D., CEO
2450 E.J. Chapman Drive
Knoxville, TN 37996