Elcoteq Recognized as a Red Herring Small Cap 100; Only Finnish Company Selected.IRVING, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to -- Elcoteq SE, global provider of electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). (EMS) for the Communications Technology industry, has been selected by Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: magazine as one of the inaugural Red Herring Small Cap 100. The editors of Red Herring evaluated over 2,500 technology companies from North America, Europe and the Asia-Pacific region for the award. Elcoteq SE is the only Finnish company among the 100 companies selected. "The winners on this list are the most competitive, the most innovative and the most promising technology companies in the small-cap segment. We hope that the Red Herring Small Cap 100 list will shine the light on them that they deserve," said Joel Dreyfuss, Editor-in-Chief of Red Herring magazine. The Red Herring Small Cap 100 companies were selected for their innovative technology and smart business models that nurture growth and profitability. Red Herring's Innovation Index, global perspective and provocative outlook on the technology landscape make this list a unique tool for technology and financial executives. Elcoteq SE was founded 15 years ago and since then the company's compound average growth rate has been over 50%. Starting in Finland with 170 employees, Elcoteq today employs approximately 20,000 people in 15 countries on four continents. The company's focused communications technology strategy, globally consistent service network and complete ODM (Original Design Manufacturer) A contract manufacturer that uses its own designs and intellectual property (IP). See contract manufacturer. (original design manufacturing) service offering form the foundation for the company's success. "Being selected as one of the top 100 technology companies in North America, Europe and the Asia-Pacific region by Red Herring is a tremendous achievement and a great honor for us," said Jouni Hartikainen, 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 Elcoteq. "This nomination is yet another indication that Elcoteq's communications technology strategy, efforts and success have been recognized internationally." About Red Herring Red Herring, Inc., founded in 1993, is a media company whose mission is to cover innovation, technology, financing and entrepreneurial activity. The company is headquartered in California, U.S.A. In addition to the magazine, Red Herring's events have long delivered clear and intelligent insight into the critical trends shaping the future of technology. Red Herring brings together industry leaders, venture capitalists, entrepreneurs and our own business intelligence team in different events. Participants explore the strategic shifts and disruptive impact that new technologies will have in key U.S. and international markets. Additional information is available at www.redherring.com. About Elcoteq Elcoteq SE is a leading electronics manufacturing services (EMS) company with original design manufacturing (ODM) capabilities in the communications technology field. Elcoteq provides global end-to-end solutions consisting of design, NPI NPI National Provider Identifier, see there , manufacturing, supply chain management and after-sales services for the whole lifecycle of its customers' products. These products include terminal products such as mobile phones and set-top boxes as well as communications network equipment such as base-stations, tower-top amplifiers and microwave systems. The company operates in 15 countries on four continents and employs almost 20,000 people. Elcoteq's consolidated net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for 2004 totaled 3.8 billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. (MEUR MEUR Million Euros 2,921.8). Elcoteq SE is listed on the Helsinki Exchanges Helsinki Exchanges (HEX) The Helsinki Exchanges (HEX Ltd., Helsinki Securities and Derivatives Exchange and Clearing House) was formed at the beginning of 1998 following the merger of the Helsinki Stock Exchange Ltd. and SOM Ltd. . More information on the company is available at www.elcoteq.com. |
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