CHICAGO, December 12, 2005 – The Association for Corporate Growth (ACG) today named OmniVision Technologies, Inc. (Nasdaq: OVTI), the world’s leading supplier of CMOS image sensors, as the winner of its Emerging Company Growth Award.
OmniVision Technologies is a pure-play image sensor company that designs and markets CMOS image sensors and total imaging solutions for volume applications such as digital still and video cameras, camera cell phones, toys, automotive, security and surveillance and medical applications. OmniVision’s proprietary CameraChip™ technology integrates all camera functions in a single chip, significantly reducing the number of components needed in a camera design. ACG is the premier global association for private equity professionals, investment bankers and intermediaries, service providers, and corporate officers involved in organic growth and mergers and acquisitions.
“We are extremely pleased to honor OmniVision Technologies with the ACG Emerging Company Growth Award,” said ACG President and CEO Dan Varroney. “Co-founders CEO Shaw Hong and EVP Raymond Wu have created a powerful company, whose focused approach to putting all camera-imaging functions on a single chip has led to high-performance, low-cost solutions and remarkable company growth.”
“OmniVision is a great example of how an experienced management team, technology innovation and a focused approach to product design lead to impressive growth,” said ACG Chairman Peter Coffey, a partner at the law firm Michael Best and Friedrich.
Criteria for the ACG Emerging Company Award include annual sales of up to $500 million and at least three years of growth, exemplary leadership and high-level community involvement. The ACG awards selection committee chose OmniVision Technologies from 14 ACG Chapter award winners. OmniVision Technologies was nominated by ACG Silicon Valley.
“We are honored to receive this prestigious award from ACG,” said OmniVision CEO Shaw Hong. “Our achievements are the direct result of the hard work, dedication and innovative thinking of everyone at OmniVision. We are committed to continuing on this road of strong growth by improving upon our industry leading position with innovative new products and outstanding customer care.”
Previous winners of the ACG Emerging Company Award include Blockbuster; Bright Horizons Family Solutions; Buffalo Wild Wings; Jones Pharma; McAfee Associates; Panera Bread Company; Sylvan Learning Systems; and U.S. Robotics.
“OmniVision has demonstrated outstanding performance for the last 10 years,” said Nancy Halwig, ACG Board Member and Awards Committee Chairman, and Managing Director, Dovebid Valuation Services, Inc. “ACG is pleased to add the ACG Emerging Company Growth Award to OmniVison’s growing list of public accolades. We congratulate them on their vision, focus, execution and results.”
Raymond Wu, Executive Vice President of OmniVision Technologies, will be speaking on Wednesday, April 26, 2006, at ACG InterGrowth in Orlando, Florida. ACG InterGrowth (http://www.acg.org/conferences/intergrowth/) is the largest annual conference in the world focusing on corporate growth and mergers and acquisitions.
Founded in 1954, the Association for Corporate Growth (www.acg.org) is the premier organization for professionals involved in corporate growth, corporate development, and mergers and acquisitions. Today ACG stands at almost 10,000 members from corporations, private equity, finance, and professional service firms representing Fortune 500, Fortune1000, FTSE 100, and mid-market companies in 50 chapters in North America and Europe.
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