Awards Won:     2001              HONG KONG AWARD FOR INDUSTRY:                        Export Marketing   2001              HKSTP Technological Achievement Award   2001             Trade and Industry Department Quality Award   2001             Certificate of Merit in Productivity

Hong Kong, China – Nov 19, 2001 – It is officially announced at a ceremony today that Solomon Systech Limited wins the 2001 Hong Kong Award for Industry: Export Marketing, 2001 HKSTP Technological Achievement Award, 2001 Trade and Industry Department Quality Award and 2001 HKPC Certificate of Merit in Productivity. The awards are officiated by the honourable Tung Chee Hwa, Chief Executive, Government of the HKSAR.

Established in 1989, the Hong Kong Awards for Industry is an annual Awards Scheme to recognise and encourage excellence as well as to promote successful practices and strategies in differentaspects of industrial performance.  To reflect the prestige of the Awards scheme, only one Hong Kong Award for Industry is presented in each category every year.

Within only two years Solomon Systech Limited has established its products and its brand name around the world and has become a major IC supplier in the global market for cellular phones.  Being the award winner, Mr. Humphrey Leung, President and Managing Director of Solomon Systech Limited says, “Our success is built on our fundamental strength in semiconductor technology know-how, product development, quality system and logistics management.  Then comes the successful marketing results.“  Mr. Leung continues, “Although we outsource our manufacturing to various factories, we define our work process through our quality-control and supply-chain management systems. This business model allows us to focus our resources in product development while still running and controlling our IP and quality of our products.” 

“We have a very clear vision to become a leading semiconductor company in HK and China, and serve the global market,” says Mr. Leung.  “Our current product focus in the display and communications market is our stepping-stone to the big semiconductor market.  After a successful first year in 2000, we are full of confidence and momentum to get into other products and market areas.”

Just nine months after Solomon Systech was established, it was awarded ISO 9001 certification by the British Standard Institute for its design, development and sales of semiconductor IC products and systems. On 2^nd November 2001, Mr. Humphrey Leung had the honor to receive the Young Industrialist Awards of Hongkong 2001 for his achievement and commitment to the industry.  The company was also awarded the 2001 Hong Kong New SME Gold Award as a success model to spearhead Hong Kong’s continued growth and competitiveness.

Comments from the Judging Panel

Solomon Systech stands out in the IT industry by outsourcing all its manufacturing operations so it can focus on research and development, marketing strategies and product promotion.

Solomon Systech manages technology effectively. It uses the Internet to smooth daily operations and integrate supply and demand chains. It has developed a good workflow for its knowledge management system, with procedures ranging from sales to procurement, product development to product testing, and quality assurance to product distribution.

In order to increase customer satisfaction, Solomon Systech’s promotional strategy is to create added value to the demand chain and to project an image of technology know-how with global market coverage. It does this by extensive advertising, participating in exhibitions, supporting academic institutions and cooperating with government bodies.

Solomon Systech focuses on developing and manufacturing display ICs for the telecommunications market. Under its own brand name, the company has developed and introduced more than 20 display driver/controller IC products for mobile communications, PDA, colour LCD and emerging new displays.

Through joint product development, resident technical support and product-alignment workshops, Solomon Systech has built strong partnerships with first-tier customers. The company holds regular marketing sessions with major customers to exchange ideas on product improvement and industry trends. Through association with its first-tier customers, it has effectively established a quality brand through a unique marketing strategy: “Let other people to speak for us.”

Solomon Systech’s strong distribution network ensures its business operations are handled efficiently and effectively. By assigning local sales agents in countries that have language barriers and appointing direct-sales teams to take care of key customers, Solomon Systech channels its products to end customers based on different market situations and client requirements.

About the Hong Kong Awards for Industry

The Hong Kong Awards for Industry is an annual Awards Scheme established in 1989 to recognise and encourage excellence as well as to promote successful practices and strategies in different aspects of industrial performance.

This annual scheme has totally seven categories, with overall coordination provided by the Organising Committee of the Hong Kong Awards for Industry. The Committee is chaired by the Director-General of Trade and Industry, with its membership drawn from a range of industrial support organisations in Hong Kong.  The final judging process in each award category is carried out by a Judging Panel whose members are selected for their professional expertise in the relevant area of industrial performance.

The Hong Kong Award for Industry is presented to the most outstanding entry in each award category. To reflect the prestige of the Awards scheme, only one Hong Kong Award for Industry is presented in each category every year.

Information about Solomon Systech Limited, its products and services may be obtained at http://staging-solomon.todayir.com.cn.