World Economic Forum

The World Economic Forum announced 47 Technology Pioneers for 2007. Transitive Corporation, the provider of software that enables transportability of software applications across multiple hardware platforms, has been selected as one of these Technology Pioneers. The Technology Pioneers were nominated by the world's venture capital and technology companies. The final selection from 225 nominees was made by a panel of leading technology experts appointed by the World Economic Forum. Technology Pioneers 2007 are invited to attend the Annual Meeting of the World Economic Forum to be held in Davos, Switzerland from 24-28 January 2007.

Transitive's QuickTransit hardware virtualization technology enables software applications written for one processor/OS pair to run on another platform without the need to 'port' or rewrite code. QuickTransit technology currently supports the PC, workstation and server markets, and is poised to expand into many other technology platforms in the future. By breaking the software/hardware bonds, organizations can transition to newer, higher performance, low-maintenance, energy-efficient platforms, without spending valuable human or financial resources on re-writing legacy software.

The selection criteria include Innovation. The company's technology must be truly innovative. A new version or repackaging of an already well-accepted technological solution does not qualify as an innovation. The innovation should be recent -- not more than two years old. The company should invest significantly in R&D.

Potential Impact. This company's technology must have the potential to have a substantial long-term impact on business and society in the future. Growth and Sustainability. The company should have all the signs of being a long-term market leader and should have well-formulated plans for future development and growth.

Proof of Concept. The company must have a product on the market or have proven practical applications of the technology. Companies in "stealth" mode and companies with untested ideas or models will not qualify. Leadership. The company must have visionary leadership that plays a critical role in driving the company towards reaching its goals. Status. The company must not currently be a Member of the World Economic Forum. This criterion applies to the parent company -- thus wholly-owned subsidiaries of large firms are not eligible.

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