Ithaca, New York — February 6, 2007 — Gregory J. Galvin, President and CEO of Kionix, Inc., will accept the Frost & Sullivan Award for Entrepreneurial Company of the Year on Wednesday evening, February 7, 2007, at a gala banquet in Anaheim, California. The award recognizes Kionix for demonstrating outstanding achievement and superior performance in the microelectromechanical systems (MEMS) market by introducing cutting-edge technology, developing a powerful product portfolio, and attaining significant growth in an extremely competitive market.
“Kionix is honored to receive this distinguished Best Practices Award for its advances in the MEMS industry. The award acknowledges a perspective that we at Kionix have exploited since day one—that success is possible only when highly-talented people, who each day demonstrate tremendous commitment and firm resolve, connect with superior technology and a solid business plan,” said Galvin. “Currently, Kionix's primary focus is on the consumer electronics market, in response to the demand for motion-activated features. Adoption of inertial sensors by the consumer electronics space accelerated dramatically in the past year creating multi-million unit per month market opportunities.”
According to Prashanth Venkatesh, Research Analyst for Frost & Sullivan, “Sensor manufacturers need to work with the electronics OEM to help design and incorporate the sensor into consumers' devices. Kionix has achieved tremendous success by being extremely responsive to customer requirements and making good use of its substantial domain expertise.”
“Kionix has thrived on the challenges bared by the densely-populated accelerometer market and dynamic consumer market,” said Venkatesh. “Pricing pressures are compelling sensor manufacturers to keep pace with technology development, and short product life cycles require manufacturers to develop smarter and smaller sensors that will enable unique features. Kionix has leveraged its strong technology focus, efficient business development, and sound market strategies to supply the burst in demand.”
The company's highly reliable product portfolio is built around the proprietary deep-silicon reactive ion etching technology, which offers plenty of flexibility in designing new inertial sensors. Kionix has been a frontrunner in technology development and introduced its first tri-axis accelerometer just as the consumer industry was beginning to recognize the potential for inertial sensor based applications.
About Kionix, Inc.
Kionix, founded in 1993, is located in Ithaca, New York, USA. The Company pioneered high-aspect-ratio, silicon micromachining based on original research conducted at Cornell University, and has earned a global reputation for excellence in MEMS product design, process engineering and manufacturing. Inertial sensor innovations developed by Kionix are used today in a wide range of applications including hard disk drive protection, computer and Video gaming, GPS-assist, sports diagnostics and vehicle stability among others. The Company offers the industry's broadest family of MEMS inertial sensors including single-, dual-, and tri-axis accelerometers, gyroscopes and unique combination sensors. Kionix's MEMS products are used in diverse industries such as automotive, consumer electronics and biotechnology. Kionix is ISO9001:2000 and TS16949 registered.
For more information visit www.kionix.com
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.awards.frost.com or www.sensors.frost.com.
