Electron microscopy company Protochips will be recognized for developing one of the top technology products of the year.

The Raleigh company is one of the winners of the R&D 100 awards, an honor from R&D magazine that it calls the”Oscars of Innovation.” Protochips has developed technology that allows researchers to study materials at the atomic scale. Protochips’ Poseidon 500 shrinks the typical electrochemical lab to the size of a microchip that fits inside an electron microscope. Researchers can use the high-resolution and analytical capabilities of modern electron microscopes to reveal fundamental physical properties of materials and optimize electrochemical systems such as batteries, fuel cells, chemical production and anti-corrosive surface coatings.

“For the first time in a commercial product, scientists can observe and characterize electrochemical reactions at atomic resolution, in liquid environments, and in real-time,” CEO David Nackashi said in a statement.

Past R&D 100 awards have recognized technologies such as the ATM, the halogen lamp, the fax machine, liquid crystal displays, digital wristwatches, anti-lock brakes, and HDTV. This year’s R&D 100 Awards will be presented in Orlando on Nov. 7.