MOUNTAIN VIEW, CA -- (Marketwired) -- 11/13/13 -- Audience®, Inc. (NASDAQ: ADNC), the leader in advanced voice and audio processing for mobile devices, today announced that it has been recognized as number 49 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings were based on revenue growth from 2008 to 2012 -- with Audience's revenue increasing from $2.4M in 2008 to $143.9M in 2012. Based on a review of the rankings in Deloitte's Technology Fast 500, Audience was the highest ranked semiconductor company in the San Francisco Bay Area / Silicon Valley. More than 350 million Audience earSmart Advanced Voice processors have shipped since its first product was introduced for mobile phones in 2008.
Audience's chief executive officer, Peter Santos credits the Company's success to a talented employee pool focused on the thriving smartphone opportunity in mass markets like the U.S. and China. He said, "On behalf of my fellow employees, it's an honor to receive this prestigious award. We feel that our strength in driving the human interface shift to voice in smartphones positions us extremely well to help proliferate Advanced Voice features into PCs, tablets, televisions, automotive, wearables and other computing applications."
This marks the first appearance by Audience in Deloitte's Technology Fast 500. Since its inception the company has focused on innovating "brain-like" technologies that enable superior call experiences on mobile devices. Today's smart devices which feature Audience earSmart technology deliver better voice quality for clear conversations in nearly any setting, better performance in speech recognition applications, and enhanced audio for multimedia recording and playback, including mobile video, music, and more. Audience earSmart processors have been featured in devices from Dell, HTC, Huawei, LG, Pantech, Samsung, Xiaomi, ZTE and more.
For more information on earSmart™ Advanced Voice processors from Audience, please go here.
Audience is the leader in advanced voice and audio processing for mobile devices. Its family of earSmart™ intelligent voice processors is based on the processes of human hearing, to suppress background noise and enhance mobile voice quality. Audience's technology substantially improves the mobile voice experience, while also improving the performance of speech-based services, and enhancing audio quality for multimedia. Audience earSmart™ processors are featured in mobile devices from leading providers in Asia-Pacific, Europe and the U.S. The company is based in Mountain View, California. For more information, see www.audience.com.
About Deloitte's 2013 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies -- both public and private -- in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
Cautionary Note Concerning Forward-Looking Statements
Statements in the press release regarding Audience, Inc., which are not historical facts, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terms such as believe, will, feel, and could and the negative of these terms or other similar expressions. These statements, including but not limited to our beliefs regarding our strengths and our position to proliferate into other markets and applications, are based on current expectations and assumptions that are subject to risks and uncertainties. Our actual results could differ materially from those we anticipate as a result of various factors, including: our ability to enter new end user product markets; our ability to develop new or enhanced products in a timely manner that achieve market acceptance; and other risks inherent in fabless semiconductor businesses. For a discussion of these and other related risks, please refer to "Risk Factors" in our most recent Form 10-Q, which is available on the SEC's website at www.sec.gov. Forward-looking statements represent our management's beliefs and assumptions only as of the date made. We assume no obligation to update these forward-looking statements.
(1) The Technology Fast 500 is based on percentage of revenue growth from fiscal year 2008-2012. Audience grew 5764 percent during this period.
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