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NeoPhotonics today announced the company has been named the 4th ranked firm in Deloitte's "Technology Fast 50" for Silicon Valley, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the region by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations.
Rankings are based on the percentage revenue growth over five years from 2003-2007. Deloitte announced their list of the Silicon Valley Fast 50 companies last night at an event held at the Computer History Museum in Mountain View, CA.
NeoPhotonics Chairman and CEO Tim Jenks attributes the company's strong performance in recent years to deepening relationships with the world's leading manufacturers of telecommunications equipment, including Ciena, ECI Telecom and Huawei. In addition, the company's advanced technology platforms and product designs for access, metro and long-haul network applications have the company positioned well for the future.
"Over the last five years we have made significant inroads with tier one customers around the world with multiple products based on our leadership position in optical integration and low-cost manufacturing," said Tim Jenks. "Despite the current economic uncertainty, overall signs are encouraging for continued growth and the skill sets that help us to achieve recognition such as this - innovation, research and the dedication of more than 2000 employees worldwide - will see us through."
NeoPhotonics' increase in revenues of 15,159% percent from 2003 to 2007 resulted in a number 4 ranking in the Internet, Media & Entertainment and Communication category of the 2008 Technology Fast 50 for Silicon Valley. According to Deloitte, the average increase in revenues among companies who made the Technology Fast 50 was 3,242% percent.
"Deloitte's Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment and challenging economic times," said Mark Jensen, Managing Partner, National Venture Capital Services, Deloitte & Touche LLP, in Silicon Valley. "We applaud the successes of NeoPhotonics and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in Silicon Valley, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
This year's Silicon Valley Technology Fast 50 program was co-presented by Deloitte & Touche USA LLP, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions, and ABD Insurance and Financial Services - A Wells Fargo Company.
About NeoPhotonics Corporation
NeoPhotonics Corporation is a leading developer and vertically integrated manufacturer of photonic integrated circuit based components, modules and subsystems for use in telecommunications networks. Our products include active semiconductor, passive PLC and MEMS multi-dimensional switching functions in a single product. This integration is enabled by integration, nanomaterials and nanoscale design and fabrication technologies. Backed by leading venture capital firms and institutional investors, NeoPhotonics maintains headquarters in San Jose, California and ISO 9001:2000 certified engineering and manufacturing facilities in Silicon Valley and Shenzhen, China.
NeoPhotonics and the red dot logo are trademarks of NeoPhotonics Corporation. All other marks are the property of their respective owners.
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
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