NEW YORK-()-Cool Planet’s CoolTerraproduct, a water and fertilizer-savings oil amendment that sequesters carbon and delivers transformative benefits to drought-stricken agriculture regions, has been named a Gold Edison Award winner.

The Edison Awards, celebrating 28 years of honoring the best in innovation and excellence in the development of new products and services, announced CoolTerraas a Gold award recipient at the April 23rd event at The Capitale in New York City.

Cool Planet’s Wes Bolsen joined Robert Lutz and Clayton Christensen of Harvard Business School, as well as senior executives from some of the world’s most recognized companies, to discuss the company’s innovative CoolTerraproduct at the innovators summit earlier in the day.

Our judges recognized CoolTerraas a true innovator out of the many products in the Agricultural Enhancements category,” said Frank Bonafilia, executive director of the Edison Awards.

Receiving an Edison Award is one of the highest accolades a company can receive for innovation in business.

The awards are named after Thomas Alva Edison whose inventions, new product development methods and innovative achievements literally changed the world, garnered him 1,093 U.S. patents, and made him a household name around the world.

The Edison Awards is a program conducted by Edison Universe, a non-profit, 501(c)(3) organization dedicated to fostering future innovators.