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Press Release

Coliant among Semi-Finalists in Accelerate Michigan Innovation Competition

Businesses set to compete for $1 million in cash and prizes.

"It is an exciting time to be part of the emerging small business ecosystem in Michigan. "
- John Swiatek, CEO of Coliant Corporation

Warren, Michigan — Sep 28, 2012 — Coliant, a global design and distribution leader for Powerlet's electrical accessories in the powersport industry, is a semi-finalist in the Accelerate Michigan Innovation Competition. Coliant is one of the 53 businesses that will present their ideas to a panel on November 14, 2012 at Detroit's Historical Hall. These businesses will compete for $1 million in cash and prizes, along with millions in in-kind awards. The finals will be held at the same location on November 15, 2012.

The Accelerate Michigan Innovation Competition is North America's largest business competition. It is an international business contest aimed at fostering entrepreneurial growth throughout Michigan's vibrant business community. The competition is focused on two tracks: International and U.S. businesses relocating to Michigan and Michigan collegiate students.

Coliant CEO John Swiatek said, "The results of hard-working, dedicated professionals can now be seen in the quality of the services and programs being offered to help young companies be successful. Our success is important - according to the Small Business Administration, 65% of all new jobs in the past 17 years were created by small businesses. It is an exciting time to be part of the emerging small business ecosystem in Michigan. The next great frontier in Michigan is building a robust, diversified investment community to support the growth of these budding businesses."

Business ideas are presented from eight different categories: Information Technology (IT),alternative energy, advanced materials next generation manufacturing, life sciences, medical device, advanced transportation, and products and services.

About Coliant

Coliant Corporation was founded in 2005 and is based out of Warren, Michigan. Powerlet is a subsidiary of Coliant Corporation and has dealer and distribution outlets throughout the USA, UK, Europe, Asia, and Australia.

Press Contact:
Carl Peterson
Powerlet LLC


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