SyChip Ranked Fastest Growing Technology Company in Texas, Tenth Fastest in North America; Company Among Top Performers on Deloitte Technology Fast 500.DALLAS -- SyChip, Inc., a 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, develops and markets Radio Frequency Integrated Circuits (RFIC RFIC Radio Frequency Integrated Circuit RFIC Radio Frequency Interface Chip ) and Chip Scale Modules (CSM CSM - ["CSM - A Distributed Programming Language", S. Zhongxiu et al, IEEE Trans Soft Eng SE-13(4):497-500 (Apr 1987)]. ) for wireless Internet appliances, today announced that it ranked Number Ten on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 2000-2004. SyChip grew 20,030 percent during this period. In addition to ranking on Deloitte's Technology Fast 500, SyChip ranked Number One on the Texas Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Texas. SyChip's 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. , George Barber, credits product differentiation Product Differentiation A source of competitive advantage that depends on producing some item that is regarded to have unique and valuable characteristics. along with seasoned management and innovative development teams for the company's outstanding revenue growth over the past five years. He said, "We are honored to be recognized by Deloitte as one of North America's top performing technology companies. We are especially pleased to be ranked number one in such a competitive market as Texas. With our strategic focus on wireless connectivity for the handheld device market, product differentiation is critical and we believe that our plug-n-play solutions that drastically reduce our customers' time-to-market contributed to our growth." "Making the Deloitte Technology Fast 500 is a testament to a company's commitment to technology," said Tony Kern, deputy national managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "With its 20,030 percent growth rate over five years, SyChip has proven that its leadership has the vision and determination to grow in difficult conditions." SyChip previously ranked Number One on the Rising Stars list for 2004, a special designation for 25 companies that have been in business three or four years. Overall, companies that ranked on the 2005 Technology Fast 500 had growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. ranging from 240 to 73,752 percent over five years, with an average growth rate of 2,408 percent. Fast 500 Selection and Qualifications The Fast 500 list is compiled from Deloitte's 15 regional North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Fast 50 lists, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least $50,000 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. or $75,000 CD for the United States and Canada, respectively, and 2004 operating revenues of at least $1 million USD or CD. Entrants must be headquartered in North America and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. , a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP LLP - Lower Layer Protocol is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP. About SyChip, Inc. SyChip designs, develops and markets Radio Frequency Integrated Circuits and Chip Scale Modules for the wireless mobile market. The company focuses on developing RF modules that are differentiated due to proprietary integration, modular architectures, and low loss Silicon technologies. As a result of the proprietary integration, world-class RF system design, proprietary multifunction ASICs, software and smart utilities, SyChip's RF designs drastically reduce component count, offer very small footprints and are easy to integrate into a mobile device. Customers benefit by significantly reducing their time-to-market, increasing performance and improving reliability of their wireless devices. SyChip has received multiple awards, including the TiEcon 2005 Emerging Star Award, MobileTrax "2005 Mobility Award," finalist for the "2005 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: 100," Deloitte's 2004 "Fast 500 Rising Star Award," "Best Wireless Accessory" by Handheld Computing, "Start-Up to Watch" by the Fabless Semiconductor Association (FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) ), as well as being selected as Investors' Choice award winner at VentureWire's annual MicroVentures conference. For more information about SyChip, please visit http://www.sychip.com. |
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