NEW YORK -- (BUSINESS WIRE) -- Bloomberg New Energy Finance announced wireless communication developer, On-Ramp Wireless, as a 2011 New Energy Pioneer. In its second year, the Bloomberg New Energy Finance Pioneer program named nine other companies at the fourth annual Bloomberg New Energy Finance Summit in New York, taking place this week.

On-Ramp Wireless has developed the Ultra-Link Processing™ (ULP) system to address a broad spectrum of device communications applications from Smart Grid and other energy efficiency applications, to process automation and homeland security. Deployment of the ULP system can significantly help monitor and lower energy consumption across utilities and energy intensive industries.

“Wireless communication for industrial applications is dependent on factors like coverage, robustness, capacity efficiency and low power,” said Joaquin Silva, president and CEO of On-Ramp Wireless. “We are proud to have created a system that addresses device communication factors head on, and ecstatic to have been recognized by Bloomberg for our achievement.”

The Bloomberg New Energy Finance Pioneers program identifies companies from across the world that are making significant gains in the field of clean technology and innovation. A panel of industry experts, led by Bloomberg New Energy Finance technology specialists, chose the honorees by assessing them against three criteria: potential scale, innovation and momentum.

This year’s winners represent a broad range of industries including bioenergy, energy, smart technologies, water and solar. On-Ramp was recognized for developing a unique technology and demonstrating the potential for it to be competitive in the marketplace and implemented on a large scale.

"The panel chose these companies because we feel they have the potential to change the energy landscape in a very significant way," said Michael Liebreich, Summit chairman and head of Bloomberg New Energy Finance. "In this fast-evolving sector, the Pioneers could play a major role in the world's transition to a lower carbon energy system."

Other winners include BrightSource Energy, eMeter, Epuramat, Green Biologics, Metabolix, Redwood Systems, SAGE Electrochromics, TaKaDu and Winafrique.