SUNNYVALE, Calif. — May 18, 2005 — OmniVision Technologies, Inc. (NASDAQ: OVTI), the world’s leading supplier of CMOS image sensors, announced it has received the Association of Corporate Growth’s (ACG) prestigious annual GROW! award. Executive vice president Raymond Wu received the award from Robin Graham, managing director of Needham and Company, at an awards dinner ceremony held at the Computer History Museum in Mountain View, Calif. on May 5, 2005.
OmniVision won the award in the Emerging Growth category which recognizes companies with revenues less than $500 million per year that have demonstrated outstanding progress for at least three consecutive years.
OmniVision will now vie for the prestigious ACG International Award, competing with other regional winners in North America and Europe. Many of Silicon Valley’s past recipients, such as Cisco Systems, Linear Technology and McAfee, have gone on to win the ACG International Award. Since its inception in 1995, OmniVision has continued to grow year-over-year. In the last three years, revenues have grown from $46.5 million, in fiscal year ending April 30, 2002 to $318.1 million, in fiscal year ending April 30, 2004. Revenues for the first three quarters in FY 2005 totaled $285 million. In each of the past four years, OmniVision made the Deloitte Technology Fast 500 list.
Founded in 1954, the Association for Corporate Growth (www.acg.org) is a global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions. Today ACG has more than 900 members from corporations, private equity, finance and professional service firms representing Fortune 500, Fortune 1000, FTSE 100 and mid-market companies in 46 chapters in North America, Europe and soon Asia.