May 20, 2019, Buffalo, NY - CleanFiber today announced that is has been selected as a Red Herring Top 100 North America 2019 winner at an event that recognizes the continent’s most exciting and innovative private technology companies. CleanFiber makes high performance cellulose building insulation from recycled cardboard boxes and has recently launched its first production plant in the Buffalo, NY area.

Companies were judged by industry experts, insiders and journalists on a wide variety of criteria including financial performance, innovation, business strategy, and market penetration. Winners ran the gamut of verticals, from FinTech and Marketing to Security, IoT, and many more industries. Red Herring’s editors have been evaluating the world’s startups and tech companies for over two decades. It gives them the ability to see through the industry’s hype to pick firms that will continue on a trajectory to success. Brands such as Alibaba, Google, Kakao, Skype, Spotify, Twitter and YouTube have all been singled out in Red Herring’s storied history.

The winners were announced at a celebratory event led by Red Herring chairman Alex Vieux, which was preceded by two days of keynote speeches, discussions and finalist presentations. “2019’s crop of Top 100 winners has been among our most intriguing yet,” said Vieux. “What has excited me most is to see so many people forging niches in high-tech and cutting-edge sectors,” added Vieux. “Some of the technical wizardry and first-rate business models showcased here at the conference has been fantastic to learn about. We believe CleanFiber embodies the drive, skill and passion on which tech thrives. CleanFiber should be proud of its achievement - the competition was incredibly strong.”

Vieux continued, “Insulation is a part of our everyday living, yet, for decades, technology had not fully penetrated this field. We have selected CleanFiber as one of the Red Herring Top 100 2019 Award winners for its breakthroughs in materials science and the company's potential to meaningfully impact how homes are insulated. CleanFiber's patented and proven technology allows the firm to make high-performance cellulose building insulation from recycled cardboard boxes. The company, based in Buffalo, demonstrates that game-changing innovation can arise every large metropolis in America. More importantly, it is launching a disruptive form of insulation, which is clean, safe, affordable, and sustainable. Five years from now, CleanFiber will become the standard in its segment, and make the world a better place.”

Following CleanFiber’s Top 100 win, they are invited to the next step, which is to present their business at the Top 100 Global event in November that will encompass the best-in-show from the Top 100 Europe, North America, and Asia. Red Herring is dedicated to support CleanFiber’s continued path to success and innovation.

About CleanFiber

CleanFiber makes high performance building insulation from recycled corrugated cardboard boxes.  Founded in 2013, UltraCell employs a patented process to convert recycled materials into an advanced form of cellulose insulation. The product not only meets conventional industry and regulatory requirements, but it is exceptionally clean and uniform, with lower levels of dust. The company’s unique technology allows this next generation product to be produced and sold at the price of conventional cellulose insulation.