Newport Media Named a Finalist in "Red Herring 100 Global Awards 2007" Competition
Award Recognizes Most Promising Private Technology Ventures in the World
LAKE FOREST, Calif., December 3, 2007 - Newport Media, an innovative fabless semiconductor company supplying products to the mobile broadcast media market, today announced that it has been selected by Red Herring Magazine as a finalist for the Red Herring 100 Global 2007 Awards. To view the complete list of finalists please visit http://www.herringevents.com/global07/index.html.
According to Red Herring, the "Red Herring 100 Global Awards 2007" competition is open to previous Red Herring 100 winners and finalists from North America, Europe and Asia over the last three years. The Red Herring editorial team used a very competitive process to whittle down this pool of 1800 eligible promising companies to the 200 finalists of this first-time award. Evaluations were made on both quantitative and qualitative criteria such as financial performance, innovation, management, global strategy, and ecosystem integration.
"The 200 finalists we selected from around the world are all excellent contenders," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "They are exceptional companies with smart and innovative platforms that attest to the importance of technology in today's global economy. Newport Media has made the final group because of its outstanding achievements, and Red Herring Magazine is honored to announce the company is one of the most promising technology firms in the world."
"It is an honor to receive this prestigious accolade from Red Herring Magazine," said Mohy Abdelgany, president and chief executive officer of Newport Media, Inc. "Newport Media is bringing the fun and convenience of mobile TV technology to the smallest, most power-efficient handsets possible, and we are pleased that Red Herring has recognized our achievements as we continue to deliver innovative, cost-effective system solutions for this fast-growing consumer electronics segment."
The finalist companies will be celebrated at the Red Herring Global event in Seattle, WA, on December 3-5. The 100 winners will be announced at the Award Ceremony on December 4. Red Herring Global is an exclusive event honoring cutting-edge private technology companies from across the world. The event brings together an elite roster of entrepreneurial and global venture investment firms to showcase excellence in innovation. It features keynote discussions, roundtable panels and networking events designed for participants to make connections and learn what it takes to achieve the best worldwide in business and technology.
Distinguished speakers at Red Herring Global include Bruce Jaffe, Corporate VP at Microsoft; Promod Haque at Norwest Venture Partners; David Chao, Cofounder and General Partner, DCM; among others.
Register for Red Herring Global at http://www.herringevents.com/global07/index.html.
About Newport Media, Inc.
Newport Media is a fabless semiconductor company that develops and sells highly integrated solutions for emerging digital audio and mobile TV broadcast standards. Newport Media has assembled a management and development team with comprehensive system semiconductor experience in wireless handset and digital set-top box industries. Newport Media's development team leverages its collective experience in these converging industries to develop broadcast multimedia architectures and IC implementations with unprecedented performance, power consumption, size and cost. For more information, visit www.newportmediainc.com.'
About Red Herring
Red Herring is a global media company uniting the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology research, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit www.redherring.com.
Newport Media is a trademark of Newport Media, Inc. All rights reserved.
Elvia Soltero or Carolyn Fromm