Amsterdam – 15th April 2015 – GiPStech indoor localization is a Winner of the 2015 Red Herring Award

GiPStech has just been named as one of the winners of Red Herring´s Top 100 Europe award.
Red Herring announced its Red Herring Europe award winners today, recognizing Europe’s leading private companies and celebrating these startups’ innovations and technologies across their respective industries

GiPStech has developed a proprietary indoor localization technological solution consisting of a smart integration of geomagnetic and inertial algorithms that is able to reach extraordinary precision (on average 1m / 3ft) employing as guiding signal the anomalies to the geomagnetic field “naturally” present in any indoor setting: a signal that is free, stable and reliable.

“Selecting startups that show the most potential for disruption and growth is never easy. We looked at hundreds and hundreds of candidates from all across the continent, and after much thought and debate, narrowed the list down to the Top 100 Winners. Each year, the competition gets tougher but we believe GiPStech demonstrates the vision, drive and innovation that define a Red Herring Top 100.”

“We at GiPStech are proud of this recognition of our hard work, we were certain to have the most innovative platform solution for indoor localization, allowing precision without infrastructure; but we did not expect to be among Europe’s top tech companies and to have the honor to be the only representative of the Italian innovation landscape to make it.

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technological innovation, management quality, overall business strategy and market penetration. This assessment was complemented by a review of the track records and standings of similar startups in the same verticals, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Europe