[May 15, 2012]

TiE Silicon Valley Announces TiE50 2012 Winners World's 50 Hottest Startups Honored at TiEcon 2012

RFaxis, a fabless semiconductor company focused on innovative, next-generation RF solutions for the wireless connectivity and cellular mobility markets, announced they are one of the 50 winners of the 2012 TiE50 awards. TiE is the organizer of TiEcon 2012, the world's largest conference for entrepreneurs.

"We are very humbled to have been honored among some of the most innovative companies in our industry," stated Mike Neshat, chairman and CEO of RFaxis. "We are very proud to recognized as one of the world's 50 hottest startups and accept the award on behalf of our hardworking and dedicated team."

The TiE50 team reviewed more than 2,100 applications from companies representing 37 countries. The judges looked at the most enterprising startups of 2012 in five sectors that are driving today's economy: Internet/Social Networking, Software/Cloud Computing, Life Sciences, Wireless/Mobile and Energy/CleanTech. The TiE 50 judging process was designed with meticulous planning, screening and judging by a team of more than 40 prominent entrepreneurs, venture capitalists, corporate executives and other domain experts. The 50 winners were selected from 131 world class finalists.

The TiE50 2012 winners by Sector are:

• Software/Cloud Computing

Aryaka (News - Alert), Axcient, Claritics, Cetas Clou & Big Data Analytics, Good Data, Jobvite, Neo Technology, ReQuall, SEOmoz, Skybox Security.

• Internet/Social Networking

Big Door, CipherCloud, Envysion, FireEye (News - Alert), Gild, Resonate Networks, Solarix, Sharethrough, Social Lair, Wildfire Interactive.

• Wireless/Mobile

Appelecerator, Billtomobile, Nextivity, Quantenna, RFaxis, Roamware (News - Alert), Skyfire Labs, SpotZot, Stoke, Utest.

• Energy/Cleantech

Attero Recycling, Epuramat, Fulcrum Bioenergy, LanzaTech, Light-Based Technologies, Picarro, Power Assure, Primus Power, Solopower, Vigilant.

• Life Sciences

Alios BuiPharma, aTyr Pharma, Eram Scientific Solutions, HealthTap, Immatics Biotechnologies, MedicAnimal, Mendor, Pearl Therapeutics, PneumaCare, Symphogen.

"TiE50 celebrates entrepreneurship by rewarding the best companies in their field. We arrive at this list after a lengthy and involved process of selection and scoring done by various experts in their field who also happen to be TiE Charter members," said Vish Mishra, president of TiE Silicon Valley. "We welcome the winners and finalists of this year's TiE50 to the TiE ecosystem and wish them lots of success."

The TiE50 winners are diverse in terms of size, stage of company, type of funding and location, but they share a common thread of innovation, ingenuity, strong management teams and quality of ideas. TiE50 winners will present their companies in a live showcase during TiEcon 2012, on May 18-19th at the Santa Clara Convention Center in Santa Clara, CA (News - Alert).

About TiE50 Awards

TiE50 is TiE Silicon Valley's premier annual awards program keenly contested by technology startups worldwide. TiE50 track record since inception in May 2009 shows that 94% of the winners and finalists have been funded, attracting over $20 Billion in investments! 107 companies have been acquired, merged or went public. Participating technology startups benefit from a vast ecosystem of venture capitalists, angels, and entrepreneurs. Other participant privileges include significant investor exposure, online virtual showcasing and technology and business partnering/networking.

About TiE

TiE is a global, not-for-profit, non-political, and non-religious organization dedicated to fostering entrepreneurs across its international network. Sponsored by top Venture Capital Firms and Fortune 500 corporations, TiE's network has grown across 56 chapters in 13 countries. (tie.org)

About RFaxis, Inc.

Incorporated in January 2008, RFaxis, Inc. is an Irvine, CA, based company specializing in the design and development of RF semiconductors. With its patented technologies, the company leads the way in next-generation wireless solutions designed for the multibillion dollar Bluetooth, WLAN, 802.11n/MIMO, ZigBee, AMR/AMI and video streaming markets. Leveraging pure CMOS, in conjunction with its own innovative approach, patented technology and trade secrets, RFaxis is home to the world's first RF Front-end Integrated Circuit (RFeIC). More information can be found at: www.rfaxis.com.

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