INSIDE CONTCTLESS AWARDED RED HERRING TOP 100 GLOBAL COMPANY
AIX-EN-PROVENCE, France, January 26, 2009 – INSIDE Contactless, the world leader in advanced open-standard contactless chip technologies, today announced that it has been awarded as one of the Red Herring Top 100 Global Companies. 1800 successful and highly eligible companies contended for these awards, and the Red Herring editorial team selected INSIDE Contactless after a detailed evaluation process based on both quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy and ecosystem integration.
“We were so pleased to announce INSIDE Contactless as a Red Herring Top 100 Global Company,” commented Red Herring publisher Alex Vieux. “INSIDE Contactless has proven to be a company excelling in their industry and its ripples have turned into waves. It was difficult for us to narrow down, but we are pleased to have included INSIDE Contactless in our list of promising companies. We look forward to the changes it make to its industry in the future.”
The editorial team narrowed down the best companies first to 200 finalists, then to the top 100 winners of this global award. The announcement of the winners was made at the Red Herring 100 Global, which took place in San Diego from January 14-16, 2009. Present among the finalists were elite executives and venture capital leaders from around the world. Winning and finalist companies from the previous three years were eligible for this outstanding award.
“INSIDE is the only leading semiconductor provider in the world dedicated exclusively to contactless technology, and we thank the editors at Red Herring for recognizing our commitment to delivering the best, most comprehensive range of secure contactless and NFC solutions,” said Remy de Tonnac, chief executive officer of INSIDE Contactless. “After three years of significant investments and development efforts in NFC, resulting in innovative implementations such as battery-off and single wire protocol, MicroRead v3, the latest release of INSIDE’s NFC chip is ready for the mass market. Commercial phones implementing MicroRead are expected to be available from several large OEMs and ODMs phone makers in H2 this year.”
INSIDE’s award-winning, multi-application MicroPass contactless microprocessor family is the world’s leading payment platform, powering more than 100 million bank cards from over 25 card issuers worldwide to make it the undisputed contactless payment market leader. Already in use by several large OEM and ODM handset makers INSIDE’s third-generation MicroRead near field communication (NFC) solution provides the broadest range of NFC options on the market, and is the only one available today that is fully compliant with the single wire protocol standard. INSIDE’s technology leadership enables bank card issuers, wireless carriers, retailers and service providers worldwide to bring innovative, convenient and secure consumer products and services to market more easily and at lower cost.
About Red Herring
Red Herring is a global media company, which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.
About INSIDE Contactless
INSIDE Contactless is the global leader in open-standard contactless payment and Near Field Communication (NFC) semiconductors and software that power the next generation of payment, transit, identity and access control applications. The company’s intelligent, microprocessor-based platforms offer the flexibility to be embedded in smart cards, mobile phones and other consumer electronic devices, documents, badges and other items to support a wide range of innovative contactless applications and bring new levels of convenience to users. INSIDE has delivered more than 300 million contactless platforms worldwide to customers and partners that include many of the leading payment card and mobile phone manufacturers, systems integrators, and financial institutions. With a portfolio of 60 families of patents including several essential NFC patents, the company has played a leading role in NFC and contactless innovation. INSIDE is headquartered in Aix-en-Provence, France, with offices in Shanghai, Singapore, Warsaw, Seoul, and San Francisco. For more information, please visit www.insidecontactless.com