OMNIVISION Attributes Its 24,149% Revenue Growth from January 1, 1996 Through December 31, 2000 to the Rapidly Growing Market for Lower Cost Imaging Solutions and OMNIVISION's Unique CameraChip™ Technology
SUNNYVALE, CA — December 18, 2001 — OMNIVISION (Nasdaq: OVTI) today announced that it ranked Number 24 on the 2001 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on five-year percentage revenue growth from 1996-2000. OMNIVISION grew 24,149% percent during this period.
OMNIVISION’s CEO, Shaw Hong, credits the rapidly growing market for lower cost imaging solutions and OMNIVISION’s unique CameraChip™ technology for the company’s 24,149% revenue growth from January 1, 1996 through December 31, 2000. He said, “OMNIVISION was founded on the idea that CMOS technology would provide cost effective solutions for the growing digital imaging markets. Our unique CMOS CameraChip™ technology has historically allowed us to rapidly penetrate this market by giving us highly-integrated camera solutions, allowing us to provide small, low power solutions to our customers.”
“With its ranking on the prestigious Deloitte & Touche Technology Fast 500, OMNIVISION’s leaders have proven that they have the vision and the fortitude to excel in the highly competitive technology industry,” said Mark A. Evans, managing director of Deloitte & Touche’s Technology & Communications Group. “We congratulate them on becoming one of the 500 fastest growing technology companies in the U.S. and Canada.”
In addition to ranking on the Deloitte & Touche Technology Fast 500, OMNIVISION placed 11th on the Silicon Valley Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the Silicon Valley for year 2001. “Because the Deloitte & Touche Technology Fast 500 measures sustained revenue growth over five years, being one of the 500 fastest growing technology companies in North America is an impressive accomplishment,” said Mark Evans, managing director of Deloitte & Touche’s Technology & Communications Group. “We are proud to honor OMNIVISION as a Deloitte & Touche Technology Fast 500 winner.”
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from three sources: winners of Deloitte & Touche’s 22 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1996 revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively. Entrants are public or private companies headquartered in North America and must be a “technology company,” defined as a company that develops proprietary technology which contributes to a significant portion of the company’s operating revenues, manufactures a technology-related product, or devotes a high percentage of effort to research and development of technology.
Technology Fast 500 winners are invited to an exclusive CEO Summit that will be held from May 8-10, 2002 at The Breakers Resort, Palm Beach, Florida. The CEO Summit, now in its fourth year, is designed to address the unique business challenges facing these super-charged technology companies.
About OMNIVISION
OMNIVISION Technologies, Inc. is an independent CameraChip™ solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OMNIVISION integrates multiple image processing and capture functions into a single CameraChip™ design. With the addition of only a lens, the result is a low-cost CameraChip™ that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OMNIVISION’s CameraChip™ solutions are in cell phones, personal digital assistants (PDAs), automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OMNIVISION is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com
About Deloitte & Touche
Deloitte & Touche LLP, one of the nation’s leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the “100 Best Companies to Work For in America” by Fortune magazine for four consecutive years. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche’s web site at www.us.deloitte.com.
About Deloitte & Touche’s Technology & Communications Group
The Technology & Communications Group is composed of service professionals who have a wealth of experience serving technology and communications companies throughout the world in areas including Internet, software, semiconductors, cable, media and publishing, communication utilities, networking, wireless, computers and peripherals, and related industries. These specialists understand the challenges that technology and communications companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte & Touche is a leader in providing strategic, financial, operational, and information technology assistance to its technology and communications clients.
Certain statements in this press release, including statements regarding the rapidly growing market for lower cost imaging solutions are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OMNIVISION’s results to differ materially, include, without limitation: continued adverse changes in general economic conditions in the U.S., and internationally, including adverse changes in the specific markets for OMNIVISION’s products and the other risks detailed from time to time in OMNIVISION’s Securities and Exchange Commission filings and reports, including, but not limited to, OMNIVISION’s quarterly reports filed on form 10-Q. OMNIVISION disclaims any obligation to update information contained in any forward looking statement.