NextBiT listed on Technology Fast 500 Asia Pacific

PRLog (Press Release) - Dec 18, 2009 -
NextBiT Computing Pvt. Ltd. today announced that it ranked Number 83 on the Deloitte Technology Fast 500 Asia Pacific 2009, a ranking of the 500 fastest growing technology companies in Asia Pacific. Rankings are based on percentage revenue growth over three years. NextBiT Computing grew 425 percent during this period.

NextBiT Computing’s CEO, Vishal Borker, credits focus on future technology research and
the flexible licensing options made available to Consumer Electronic OEM's, with the
company’s 425% revenue growth over the past three years. He said, "In times of
economic uncertainties, NextBiT stuck to its vision of continued research and
development on next generation consumer electronic device technologies and device
designs. Our focused efforts on developing next generation devices out of India has
helped us provide to our customers cost effective device designs provided under flexible
licensing options. This is just the start!" “Making the Deloitte Technology Fast 500 Asia Pacific ranking is a testament to a company’s commitment to technology,” Yoshitaka Asaeda, partner in charge of Deloitte’s Technology Fast 500 Asia Pacific program. “With its 425% growth rate over three years, NextBIT Computing has proven that its leadership has the vision and determination to grow in difficult conditions.”

NextBiT also ranks number 11 company in the category of “Semiconductor,
Components and Electronics” companies in the Asia Pacific Fast 500 ranking.
In addition to ranking on Deloitte’s Technology Fast 500, NextBIT Computing ranked
number 11 on the India Technology Fast 50, which is a ranking of the 50 fastest
growing technology firms in India.

Technology Fast 500 Asia Pacific selection and qualifications:
The Technology Fast 500 list is compiled from Deloitte’s Technology Fast 50 Asia Pacific
programs, nominations submitted directly to the Technology Fast 500, and public
company database research. To qualify for the Technology Fast 500, entrants must have
had first year operating revenues of at least US$50,000.
Entrants must also be public or private companies headquartered in Asia Pacific and must
be a “technology company,” defined as a company that owns proprietary technology that
contributes to a significant portion of the company's operating revenues; Manufactures a
technology related product, or devotes a significant proportion of revenues to the
research and development of technology.

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