The 100 Most-Promising Private Technology Ventures Celebrated at Hong Kong Event
SHANGHAI, China, Aug. 31 /Xinhua-PRNewswire/ -- Red Herring Magazine announced on August 29 that Maxscend Technologies has been awarded the prestigious "Red Herring 100 Asia" 2007 award. Winners are selected from 16 Asian countries, including China, India, Japan, Singapore, South Korea, Australia and Vietnam.
(Logo: http://www.prnasia.com/sa/200708311520.jpg )
As a leading DAB/DAB+ solution provider, Maxscend Technologies is dedicated to developing and marketing mobile digital multimedia IC and hardware & software solutions. Aiming at the emerging market of Digital Audio Broadcasting (DAB) and Mobile Digital TV (MDTV), Maxscend announced its first product in less than a year of the company's inception -- MXD0120, a DAB/DAB+/DMB demodulator which can be used for MDTV reception in mobile phone, PMP, USB dongle, and vehicle entertainment systems. As a China-based company, Maxsend is also the first company in the world to provide mature products and solutions supporting the latest global standard DAB+. Their innovative and strong design capability gained the company worldwide attention. Within a few months of its April release, MXD0120 already entered the mass production stage and was adopted by top-tier local mobile phone manufactures such as Bird and Techfaith. Winning the "Red Herring 100 Asia" award marks another milestone for the company and recognition of its potential not only in China but also in Asia and the world.
Mr. Zhihan Xu, CEO of Maxscend Technologies, said, "Red Herring is one of the most renowned technology magazines in the world. Through Red Herring, I have come to know many excellent startups and witnessed their rapid growth and great success. We view winning the 'Red Herring 100 Asia' award as both recognition of our achievement and stimulus for our future growth. Taking this opportunity, we aim to become the leader in the global MDTV market."
Red Herring is famed as the "Bible of Silicon Valley" because of its prominent insight into technology trends and great acumen in identifying highly potential companies. "Red Herring 100 Asia" is an annual event and the awards are given to cutting-edge private technology companies. The aim of the award is to discover and highlight promising startups that will lead the next wave of innovation in Asia. Red Herring's selection committee carefully selected the finalists based on quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem.
Red Herring has earned a reputation for identifying innovative new companies and entrepreneurs. The magazine spotted, for example, Google and eBay while still in their infancies as companies, with the potential to change the way people live and work.
