SANTA CLARA, Calif. — Mar. 31, 2008 — OmniVision Technologies, Inc. (NASDAQ: OVTI developer of advanced digital imaging solutions, today announced that for the sixth consecutive year, it has been named to Deloitte’s Technology Fast 50 Program for Silicon Valley. This year’s Silicon Valley Technology Fast 50 program is co-presented by Deloitte, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions, and ABD Insurance and Financial Services – A Wells Fargo Company. Rankings are based on percentage revenue growth over five years from fiscal year 2003–2007. OmniVision revenues grew 385 percent during this time period.
OmniVision’s president and CEO Shaw Hong credits the company’s impressive growth with the adoption of its leading-edge technology in mobile phones and foray into emerging markets such as notebook webcams, automotive, and medical imaging. “We’re honored to receive such a prestigious award as it recognizes and validates our continued rise as the leading supplier of CMOS imaging solutions,” stated Hong. “This award is a testament to our commitment to continuous innovation and customer satisfaction.”
“This is the sixth consecutive year for OmniVision on our Technology Fast 50 list,” said Mark Jensen, managing partner, National Venture Capital Services, Deloitte & Touche LLP in Silicon Valley. “Sustaining high revenue growth over five years is an exceptional accomplishment and we commend OmniVision for making the commitment to technology development and delivering on the promise of market longevity.”
About the Technology Fast 50 and Fast 500 Programs
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in fiscal year 2003 and $5,000,000 in fiscal year 2007, be headquartered in the San Francisco Bay Area, and be a company that owns proprietary technology or proprietary intellectual property 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 or intellectual property in a unique way does not qualify.
Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.