Apexone Honored by FSA Outstanding Financial Performance Award.First Private Company in China Received this Prestigious Global Industry Award SHANGHAI, China -- Apexone Microelectronics, an innovative private fabless company Fabless Company The Fabless Semiconductor Association (FSA) defines fabless as follows: Fabless (without fab) refers to the business methodology of outsourcing the manufacturing of silicon wafers, which hundreds of semiconductor companies have adopted. that designs high-performance mixed-signal ICs for interactive multimedia communications, today announced that it has been honored by FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) (Fabless Semiconductor Association) with the 2006 "Outstanding Financial Performance Award by Private Fabless Companies". This top honor, presented to Apexone at the 12th annual FSA awards dinner in Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. Convention Center, Calif., recognized Apexone's outstanding financial performance, its innovations and long-term success opportunities. This is the first time in history that a private fabless company from China received this prestigious global industry award. FSA has been the voice of the global fabless business model, including fabless companies and their supply chain and service partners globally. FSA Awards are one of the most prestigious awards in the global fabless industry. With FSA's past recognition and the extraordinary growth, many previous winners have developed from small private startups to industry leaders and Wall Street favorite picks, such as Broadcom, Marvell, QUALCOMM, NVIDIA and Xilinx etc. "We congratulate Apexone as the first private fabless company with major operations in China to receive this award for outstanding financial performance," said Jodi Shelton, co-founder and executive director of FSA. "Apexone is positioned well in the industry, and we look forward to the company's future financial and technological successes. "We are proud to receive this award as the very first private fabless company recipient from China. I am very honored to represent our employees to receive the award. We thank our customers, investors, partners among foundries, assembly & test, distributors and other suppliers to make this happen," said James Gao, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Apexone. "In the past four years we have achieved phenomenal success and demonstrated enormous growth potential. We believe that our broad portfolio of products, our innovative leading technologies, our superior engineering execution and our promising markets position us well for the future." About Apexone Apexone Microelectronics is an innovative fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. that designs high-performance interactive multimedia communication mixed-signal integrated circuits A mixed-signal integrated circuit combines analog circuits with digital signal processing (DSP) circuits on a single semiconductor die. An integrated circuit that includes both analog and digital circuitry (but no DSP), like a 555 timer, is generally not considered a mixed-signal . Since its inception in 2002, the company has introduced more than a dozen state-of-the-art IC products into market, generating exploding revenue, and on the trajectory Trajectory The curve described by a body moving through space, as of a meteor through the atmosphere, a planet around the Sun, a projectile fired from a gun, or a rocket in flight. to experience significant future growth. The products are widely used by leading OEMs globally in the emerging interactive applications. The company has assembled a diverse team of recognized leaders who are focused on providing the best products with the highest quality and support to world-wide customer base. www.apexonemicro.com. About FSA FSA is the voice of the global fabless business model. Incorporated in 1994, FSA positively impacts the growth and return on invested capital of this business model to enhance the environment for innovation. It provides a platform for meaningful global collaboration between fabless companies and their partners; identifies and articulates opportunities and challenges to enable solutions; and provides research, resources, publications and survey information. Members include fabless companies and their supply chain and service partners, representing more than 21 countries across the globe. www.fsa.org. Outstanding Financial Performance by a Private Fabless Company Companies that doubled either revenue or net-income [no negative quarters, and only financials according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). (no pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma )] over eight consecutive quarters ending June 2006, may be eligible to receive awards for their outstanding financial performance. |
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