WORLD ECONOMIC FORUM SELECTS SILICON OPTIX AS
2006 TECHNOLOGY PIONEER
Award Focuses on Proven Technology Innovation and Vision
(San Jose, CA), Dec. 9 2005 – Silicon Optix Inc. today announced that it has been selected as a 2006 Technology Pioneer by The World Economics Forum.
Technology Pioneers are companies that have been identified as developing and applying highly transformational and innovative technologies in the areas of energy, biotechnology and health, and information technology (IT). This year’s class of companies has been selected not only because of the cutting-edge work undertaken by the organizations, but also because their work has potential long-term impact on business and society. Thirty-six companies from around the world earned this prestigious honor for 2005 and will participate in the World Economic Forum's Annual Meeting in Davos , Switzerland next month. Silicon Optix was one of only seven Information Technology (IT) companies to be recognized for their outstanding achievements.
“To be a named as a Technology Pioneer for 2005 in the Information Technology category is truly an honor,” commented Paul Russo , Chairman and CEO of Silicon Optix Inc. “This award is a validation of our leadership position in the digital video processing markets and a tribute to our technology, employees and financial strength. Our revolutionary REALTA IC and REALTA HQVTM (Hollywood Quality Video), capable of 1 trillion operations per second, enable the real time pixel-by-pixel processing of HDTV signals. This capability, coupled with the Teranex proven video processing algorithms, will drive the next wave of the digital video revolution by changing the paradigm and enabling these large markets to migrate to a software platform as well as deliver digital cinema quality to the consumer display and related video markets.”
“The creative innovations produced by our Technology Pioneers hold the promise of significantly affecting the way business and society operate”, said Peter Torreele, Managing Director of the World Economic Forum. “As a global knowledge hub, we see the Technology Pioneer community as key contributors to this dialogue and to the mission of the World Economic Forum.”
In line with the Forum’s commitment to improving the state of the world, the Technology Pioneers program was established in 2000 to provide a new perspective on technological change. The program is run by the World Economic Forum with Apax Partners and Deloitte Touche Tohmatsu as Strategic Partners. Through its Technology Pioneers program, the Forum identifies and integrates those companies around the world that are involved in the design and development of new technologies. Each innovation, whether it has large or small consequences, is another step in society's attempt to harness, adapt and utilize technology to change and improve our world. The World Economic Forum is invested in monitoring and highlighting these innovations and exploring possible societal repercussions.
About World Economic Forum
The World Economic Forum (www.weforum.org), based in Geneva , Switzerland , is an independent organization committed to improving the state of the world. Funded by the contributions of 1,000 of the world's foremost corporations, the Forum acts in the spirit of entrepreneurship in the global public interest to further economic growth and social progress. The Forum serves its members and society by creating partnerships between and among business, political, intellectual and other leaders of society to define, discuss and advance key issues on the global agenda. Incorporated in 1971 as a foundation, the World Economic Forum is impartial and not-for-profit, and is tied to no political, partisan or national interests. In 1995 the Forum was awarded NGO consultative status with the Economic and Social Council of the United Nations. (www.weforum.org)
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