Xerafy earns its rank among the finalists for prestigious venture capital award
Online PR News – 06-October-2011 – – Xerafy announced today it has been selected as a Finalist for Red Herring's Top 100 Asia award, a prestigious list honoring the year’s most promising private technology ventures from the Asian business region.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Asia. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.
This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an valuable instrument for discovering and advocating the greatest business opportunities in the industry.
"This year was very rewarding," said Alex Vieux, publisher and Chairman of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. Xerafy shows great promise therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that the 2011 crop will grow into some amazing companies that are sure to make an impact."
Finalists for the 2011 edition of the Red Herring 100 Asia award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.
The Finalists are invited to present their winning strategies at the Red Herring Asia Forum in Hong Kong, October 17-19, 2011. The Top 100 winners will be announced at a special awards ceremony the evening of October 19 at the event.
Xerafy is committed to bringing customers the world's smallest and most durable passive UHF RFID-on-metal and RFID-in-metal tags qualified and tested to meet extreme conditions over the lifetime of the asset. Xerafy’s innovative packaging technology offers the automotive manufacturing, aerospace, energy, IT, and construction market, an affordable, durable, high temperature smart tags that can be easily be attached to or embedded in metal assets. With these RFID tags, customers can achieve automatic tool check in/out, MRO, WIP, process control and logistics. Xerafy is headquartered in Hong Kong and maintains sales and support offices in Dallas, Texas, Washington, DC and Shanghai, China.