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NUITEQ is a Finalist for the 2010 Red Herring 100 Europe Award

15 May 2010
NUITEQ is a Finalist for the 2010 Red Herring 100 Europe Award

Skelleftea, Sweden, - May 15, 2010 – NUITEQ®, a Swedish multi-touch technology solutions provider/ISV, announced today it has been selected as a finalist for Red Herring's Europe 100 award, a prestigious list honoring the year’s most promising private technology ventures from the world European business region.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Europe. 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 invaluable instrument for discovering and advocating the greatest business opportunities in the industry.

"This year was especially difficult," said Alex Vieux, publisher and CEO of Red Herring. "Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. (Company Name) 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 Europe award. We know that this year’s crop will grow into some amazing companies that are sure to go far."

“Being a finalist in the 2010 Red Herring 100 Europe award program, is one of the greatest milestones that NUITEQ has achieved.“, says NUITEQ’s CEO Harry van der Veen. “When I heard the great news,
I felt euphoria, as this is the worlds most significant innovative technology award program. We feel very honored with this finalist spot and I’m very much looking forward to represent NUITEQ in Paris, during the finals end of May. We are thankful that our hard work is being rewarded with this recognition.”

Finalists for the 2010 edition of the Red Herring 100 Europe 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, and clean tech industries sent in their submissions to qualify for the award.

The Finalists are invited to present their winning strategies at the Red Herring Europe Conference in Paris, May 25-27, 2010. The Top 100 winners will be announced at a special awards ceremony on May 27 at the event.

NUITEQ was in September 2009 in New York (USA), awarded with a nomination for Best Product or Service of the Year 2010, in the International Stevie Business awards, for its industry leading multi-touch software product Snowflake Suite.

Recently NUITEQ won the MerIT-price, which is awarded to the company, project or achievement that was the most important for the line of business or the region.

Additionally NUITEQ was nominated as Best Newcomer of the Year 2010 and awarded Innovation Company of the Year 2010, at Alvar Gala, an award program that highlights companies in the region that offer unique products, projects and services, that create significant impact in the region, by attracting business and creating job opportunities.

Currently NUITEQ is nominated for the Norrmejerier stipendiet 2010 award program, of which the winner will be announced in May.

NUITEQ is an award winning Skellefteå headquartered, Swedish technology company, that delivers interactive multi-touch software and hardware solutions for commercial applications. Its industry leading multi-touch software product Snowflake Suite, which is downloaded worldwide and used in many different industries, is available to end clients, software developers, system integrators, VARs and OEMs.

NUITEQ's vision is to change the way people interact with technology, through the mission of creating a natural interface between users and technology. Visit www.nuiteq.com for more information.