Molex named winner of Chicago Innovation Award

Molex, a global electronic solutions provider, has been honored as a recipient of the 17th annual Chicago Innovation Awards.

The Molex Automotive Ethernet Platform was developed to support the rigorous autonomous vehicle design challenges faced by vehicle manufacturers. The award is a fourth win for Lisle-based Molex.

Celebrating its 17th year, the Chicago Innovation Awards is the region's foremost recognition of innovative new products or services brought to market each year.

Top-tier automakers are facing new challenges as they build next-generation, intelligent vehicles. They require agile connectivity solutions with seamless end-to-end network integration across hardware, software and services. The Molex 10 Gbps high-speed Automotive Ethernet Platform fully integrates mission-critical applications such as highly reliable signal integrity, network traffic prioritization, system scalability and security - all essential to optimal autonomous vehicle performance.

"We're honored to be a recipient of the Chicago Innovation Award for what we believe is a game changer in the automotive industry's race to realize a truly autonomous vehicle," said Bill Fitzer, global vice president and general manager, Connected Mobility Solutions, Molex. "We've been able to leverage our long-term experience in the datacom, industrial and automotive segments to create a unique and robust solution for the developing connected mobility market and we're proud to help lead the way."

"Five hundred and nineteen organizations were nominated for this year's awards," said Luke Tanen, executive director of the Chicago Innovation Awards. "As a group, these nominees generated over $3.4 billion in new revenues from their new products and services, along with the creation of over 432 patents. The 25 winners represent the best from this very impressive group."