SUNNYVALE, CA — October 17, 2002 — OMNIVISION Technologies, Inc. (Nasdaq: OVTI) today announced that it ranked Number 10 on the 2002 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 1997-2001. OMNIVISION grew 90,929 percent during this period.
OMNIVISION’s CEO, Shaw Hong, credits the rapidly growing markets for imaging technologies and OMNIVISION’s unique single CameraChip™ technology with the company’s 90,929 percent revenue growth over the past five years. “The markets we are focused on are large volume imaging markets where small size, low power, and high image quality are important. Our single CameraChip™ technology essentially puts complete camera functions on a single chip and allows us to deliver small, simple to integrate solutions to camera manufacturers in the rapidly growing PC, digital still camera and cellular phone camera markets.”
“Making the Deloitte & Touche Technology Fast 500 is a testament to a company’s leadership, commitment to technology, and ability to deliver the right solution at the right time, said Mark A. Evans, managing director, Deloitte & Touche Technology, Media & Telecommunications Group. With its 90,929 growth rate over five years, OMNIVISION has proven that its leadership has the vision and determination to succeed, and we at Deloitte & Touche salute their accomplishments.”
In addition to ranking on the Deloitte & Touche Technology Fast 500, OMNIVISION ranked 5th on the Silicon Valley Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Silicon Valley.
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from three sources: Deloitte & Touche’s 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, companies must have had 1997 operating revenues of at least $50,000 USD and $75,000 CD, for United States and Canada respectively, must be public or private companies headquartered in North America, and be “technology companies” defined as companies that own proprietary technology that contributes to a significant portion of the company’s operating revenues or devote a high percentage of effort to research and development of technology.
Technology Fast 500 winners are invited to an exclusive CEO Summit held each spring. The CEO Summit, now in its fifth 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, 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, 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 its clients and its 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 five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and its related entities. 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.deloitte.com.