NEW YORK, NY – October 28, 2011 - The World Technology Network (“The WTN,” www.wtn.net) announced today that Steve Teig has been awarded the prestigious IT hardware innovation award and was officially inducted as a WTN fellow. The World Technology Awards have been presented by the WTN since 2000, as a way to honor those in 20 different categories of science and technology doing innovative work of the greatest likely long-term significance to change the way we live. Widely seen as the “Oscars of Science and Technology”, previous WTN award winners include Al Gore (former US Vice-President), Mark Zuckerberg (founder of Facebook), Larry Page (co-founder of Google) and Tim Berners-Lee (inventor of the World Wide Web).
Nominees for the 2011 World Technology Awards were selected by the WTN Fellows and a select group of prominent Advisors through an intensive, global process lasting many months. Awards were presented at the culmination of the two-day World Technology Summit, convened by the WTN in association with TIME, Fortune, CNN, MIT’s Technology Review, Science, American Association for the Advancement of Science (AAAS), New York Academy of Sciences, and Novartis. The winners were announced on stage by James P. Clark, Founder and Chairman of the World Technology Network and CNN Anchor, Poppy Harlow, on Wednesday night, in a gala black-tie Awards ceremony held at the United Nations Headquarters.
Mr. Teig was recognized for his visionary work in inventing Tabula’s Spacetime 3D programmable logic architecture. Changing the future of computing, Spacetime makes possible ubiquitous, efficient, high-performance programmability, capable of scaling to millions of programming elements. The hardware for scalable computing, the software to program massively scalable devices, and the fundamental computer science that underlies both the hardware and the software – the technologies to make everything programmable – were viewed as a breakthrough of enormous innovation by WTN Fellows. Founded in 2003, Tabula has been awarded more than 100 patents and started shipping first silicon to Tier 1 communications customers in 2010.
“It is wonderful to be recognized by such an esteemed group of one’s peers,” said Steve Teig, Tabula’s President and CTO. “The members of the World Technology Network are creating the key technologies of the 21st century, ranging from biotech and aerospace to computing and energy, so it is a great honor to receive this prestigious award from them.”
"Through the peer-nomination and peer-review process, we uncover the best of the best of the best in science and technology. We discover whose work is going to have the greatest likely impact over time.” says James P. Clark, Founder and Chairman of the World Technology Network. “The World Technology Awards program is a very inspiring way to identify and honor the most innovative people and organizations in the technology world. Mr. Steve Teig was selected by our fellows as continuing to help create our collective future and change our world.”
About Steve Teig, Founder and CTO of Tabula
Prior to founding Tabula, Steve Teig was CTO of Cadence Design Systems (NSDQ:CDNS). Steve joined Cadence through its acquisition of Simplex Solutions (NSDQ: SPLX), where he was also CTO. At Simplex, Steve invented and led the technology development for the X Architecture, which radically improves chip design by pervasively incorporating diagonal wiring. Before joining Simplex, Steve co-founded two successful biotechnology companies: CombiChem (NSDQ: CCHM, later acquired by DuPont Pharmaceuticals), where he was CTO, and BioCAD, where he was CTO and, later, CEO. At CombiChem, Steve invented and led the development of the company’s revolutionary Discovery Engine technology, with which CombiChem discovered pharmaceutical-lead compounds for 11 different therapeutic areas in only five years. At BioCAD, Steve designed Catalyst: market-leading software for pharmaceutical discovery. In the 1980s, Steve spent several years in the EDA industry, where his work had a major impact still felt today. First, at Trilogy Systems, he invented the now-universal technique of compiled-code logic simulation. Then, as CTO and co-founder of Tangent Systems (which later became Cadence’s very first acquisition), he invented the principal place-and-route algorithms for the Tancell and Tangate products. These techniques formed the core of Cadence’s Gate Ensemble, Cell-3 Ensemble, and Silicon Ensemble systems and lay many of the foundations for the physical design of even today’s chips. Steve received a B.S.E. in Electrical Engineering and Computer Science from Princeton University. He holds over 240 patents. In 2002, he broke Thomas Edison’s record for the number of patents filed by an individual in a single year.
About the World Technology Network (www.wtn.net)
The WTN exists to "encourage serendipity" -- the happy accidents of colliding ideas and new relationships that cause the biggest breakthroughs for individuals and institutions. The WTN works to accomplish its mission through global and regional events for its members and extended audience, to help make connections among them, and to examine the likely implications and possible applications of emerging technologies. The WTN is a curated membership community comprised of the world’s most innovative individuals and organizations in science, technology, and related fields – those creating the 21st Century.
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