picoChip named by Tornado Insider among Europe’s top 100 private tech companies
Best performing companies of 2004
picoChip has been selected as one of the best-performing and innovative high-tech private companies of Europe and Israel in the fourth annual Tornado100 list. picoChip, headquartered in Bath, UK, was founded in 2000 by Doug Pulley and Peter Claydon and provides solutions to the key challenges of cost, development time and flexibility for next generation of wireless systems.
Peter Claydon, CEO and co-founder, picoChip, said, “We are very honored to have been recognized by Tornado Insider in its ranking of the Top 100 start-ups in Europe and Israel. It is the second time since the company’s inception that we have received this accolade and we are very proud to have our achievements acknowledged in this way.”
picoChip’s processor, the PC102, delivers world-beating price / performance and has achieved design wins with numerous major companies developing wireless infrastructure. Uniquely, the company also delivers complete, standard compliant reference designs for UMTS (including HSDPA) and WiMAX (16d upgradeable to 16e for mobility).
The 2004 Tornado100 list can be found on the website of Tornado Insider (www.tornado-insider.com), and includes a profile of picoChip and the other 99 most promising and innovative emerging companies in the European high-tech and biotech sectors.
Niels Valkering, Tornado Insider’s Head of Research, added, “The companies Tornado Insider selected are Europe’s technology stars. Combining internal analysis with advice from industry specialists, we identified the elite of Europe’s high-tech entrepreneurial vanguard, appreciating excellence both in innovative, commercial and financial performance. Watch these companies in 2005, as the technology they are commercializing today will change tomorrow’s trends.”
The selection of the 2004 Tornado100 Winners from thousands of candidates was judged according to the following criteria:
• Delivering an innovation that shows the promise to set new standards • Creating a major new audience • Supplying a key piece of the ICT infrastructure • Commanding a significant customer base • Having the potential to become a global brand or standard • Influencing a major market • Receiving a significant amount of funding • Having a strong valuation for a lucrative exit • Having a management with previous successful exit experience
The list was announced during the Tornado Insider/World Financial Symposiums T100 Leadership Forum. This event took place January 26th, 2005 in London and was a gathering of technology CEOs and CFOs eager to gain insights on how to lead their enterprise and their careers to more effective and positive outcomes.