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

Los Angeles here we come!

Skellefteå, Sweden – 23 December 2010 – Natural User Interface Technologies AB (NUITEQ) announced today it has been selected as Finalist for Red Herring's top 100 Global award, a prestigious list honoring the year’s most promising private technology ventures from around the world.

The Red Herring editorial team selected the most innovative companies from a pool of 1200 companies from across the world – the Finalists from its Red Herring Asia, Europe and North America Awards. 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 important instrument for discovering and advocating the greatest business opportunities in the industry.

"2010 was very difficult but extremely rewarding," said Alex Vieux, publisher and CEO of Red Herring. "Despite lingering effects of the global economic situation, there are many great companies producing truly innovative and amazing technologies, to the extent that we had a hard time narrowing the pool and selecting the finalists. NUITEQ shows great promise therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Winners of the Top 100 Global Award."

"We are very excited to a 2010 Red Herring 100 Global Finalist. Being picked from a pool of 1200 companies around the world, feels like a big honor.", said NUITEQ's CEO Harry van der Veen. "I'm very much looking forward to present NUITEQ in the finals in LA, especially considering the fact that we are currently looking for our second round of venture capital to accelerate NUITEQ's growth. The finals will be a hotspot of good investors."

Finalists for the 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 spaces such as mobile, security, Web 2.0, software, hardware, biotech, and clean tech sent in their submissions to qualify for the award.

The Finalists are invited to present their winning strategies at the Red Herring Global forum in Los Angeles, January 24-26, 2011.

The Top 100 winners will be announced at a special awards ceremony on January 26 at the event.