| [February 14, 2006] |
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MEMSIC Ranked 8th Fastest Growing Company by 'Deloitte Technology Fast 50' China Program
N. ANDOVER, Mass. --(Business Wire)-- Feb. 14, 2006 -- MEMSIC Inc., a leading provider of CMOS-based MEMS accelerometers/motion sensors, today announced it has been ranked 8th by 2005 Deloitte Technology Fast 50 China Program, with revenue growth of 965% over the past three years.
The Deloitte Technology Fast 50 China Program, organized in cooperation with CEI/CIO China, ranks the 50 fastest growing technology companies in China. Along with its counterparts in Australia, India, Japan, Korea and New Zealand, the Deloitte Technology Fast 50 China is a key component of the high profile Deloitte Technology Fast 500 Asia Pacific Program which earns it reputation as one of the most established and objective ranking programs of fast growing technology companies in the Asia Pacific Region. Commenting on the recognition, Yang Zhao, Chief Executive Officer, said, "We are honored to be ranked by the Deloitte Technology Fast 50 in China and by the Deloitte Technology Fast 500 Asia Pacific for two consecutive years. This recognition is a reflection of our achievement and commitment to be the leading provider of the most cost effective and high performance IC products in the industry."
About MEMSIC, Inc.
MEMSIC, Inc. is a semi-fabless IC company that specializes in Micro Electric Mechanical Systems ICs. MEMSIC has developed and brought to market a unique CMOS based accelerometer that contains no moving parts, is fabricated on a single chip and is manufactured on a standard, sub-micron CMOS process. Memsic's technology turns traditionally expensive and unreliable MEMS accelerometers into highly affordable standard IC products with the highest long-term reliability and performance available today in the IC industry. For further information, please visit www.memsic.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organisation of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 120,000 people worldwide, Deloitte delivers services in four professional areas -- audit, tax, consulting and financial advisory services -- and serves more than one-half of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. For more information, please visit http://www.deloitte.com/.
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