Singapore (PRWEB) September 04, 2012
RED Micro Wire, a subsidiary of RED Equipment, today announced that it has been selected as a Finalist for Red Herring's Top 100 Asia award, a prestigious list honoring the year’s most promising private technology ventures from the Asian business region.
The Red Herring team selected the most innovative companies from a pool of hundreds from across Asia. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.
This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.
Earlier this year, RED Micro Wire unveiled revolutionary technology for the semiconductor wire bonding industry. RED Micro Wire’s glass-coated bonding enables wire bonding to scale to smaller sizes while eliminating the oxidation problems that plague copper. RED Micro Wire’s technology produces high quality bonding wire at a lower cost than any other solution currently available on the market.
“We are honored that Red Herring has selected our company as a finalist,” said Shimon Dahan, CEO, RED Micro Wire. “We’ve received positive feedback from customers, partners and industry watchers for our unique approach to wire bonding. Testing has shown very promising results, particularly in the aspects of FAB and wire softness. Now we have this accolade from Red Herring. It’s an exciting time for the company.”
"This year was very rewarding," said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. RED Micro Wire shows great promise and therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that the 2012 crop will grow into some amazing companies that are sure to make an impact."
Finalists for the 2012 edition of the Red Herring 100 Asia award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.
The Finalists are invited to present their winning strategies at the Red Herring Asia Forum in Hong Kong, September 10-12, 2012. The Top 100 winners will be announced at a special awards ceremony the evening of September 12 at the event.
About RED Micro Wire
RED Micro Wire (RMW) is a pioneer in the semiconductor industry, introducing breakthrough technology in micro wire production. The company develops and manufactures glass-coated micro wires for the semiconductor industry. The technology will be used initially with copper wire, but will also be used with other types of metal cores (including Pt, Au, Ag,), and can be used in applications outside and within the semiconductor industry.
RED Micro Wire is a subsidiary of RED Equipment, a market leader in providing secondary equipment for the semiconductor industry. RED Micro Wire is a Singapore registered company uniquely positioned to serve the semiconductor market.