RED Micro Wire Wins 2012 Red Herring Top 100 Global Award

RED Micro Wire recognized for bringing innovation and new possibilities to the semiconductor industry.

Singapore, Thursday December 6th, 2012 – RED Micro Wire (RMW), a subsidiary of RED Equipment, announced today that it has been selected as a winner of Red Herring's Top 100 Global award, a prestigious program honoring the year's most promising and innovative startup technology companies from North America, Europe, and Asia.

Commenting on the prestigious win, CEO Shimon Dahan explains: "I'm glad that our micro bonding wire was recognized for the technology innovation and new possibilities it brings to the semiconductor industry. RED Copper wire overcomes the challenges of existing solutions and enables the semiconductor industry to create high efficiency chips at lower cost, which is significant for the consumer goods market and more."

RED Micro Wire wins Red Herring Global 100Red Herring’s Top 100 Global is designed to identify the most promising new technology companies and entrepreneurs. The award recognizes the leading private companies from North America, Europe, and Asia, celebrating these startups’ innovations and technologies across their respective industries. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Global to the Top 100 Winners. We believe that RED Micro Wire embodies the vision, drive and innovation that define a successful entrepreneurial venture. RED Micro Wire should be proud of its accomplishment, as the competition was the strongest it has ever been.”

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models from around the world.

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 can 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.