Hong Kong, Aug 30th 2007 - After winning several laurels in India for it’s innovation and pioneering efforts, SatNav - which has earlier won the Computer Society of India, Nasscom Innovation Showcase, Microsoft India Innovation Award now gets recognition across Asia by winning the Red Herring Top 100 Asia 2007 award! The news was announced at a gala dinner during the event in Hong Kong, China on 29th Aug 2007. The winners are based in 16 countries/regions including China, India, Japan, Singapore, Korea, Australia and Vietnam.

It is an exclusive event honoring 100 cutting-edge private technology companies from across the Asia-Pacific region. The finalists and winning companies are being celebrated in an exclusive event honoring 100 cutting-edge private technology companies from across the Asia-Pacific region. The event brings together an elite roster of entrepreneurial and global venture investment firms to showcase excellence in innovation. It features three days of keynote discussions, roundtable panels and networking events designed for participants to make connections and learn what it takes to achieve the best in business and technology in Asia.

The Red Herring editorial team carefully selected the winning companies based on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem. "After a rigorous evaluation process, we’re very happy with winners we selected,” said Joel Dreyfuss, Editor-in-Chief of Red Herring. “There was a large pool to choose from and we’re impressed by the caliber an innovative talent bursting from Asia’s business and technology sector.”

Distinguished speakers on Red Herring 100 Asia include Richard Li, Chairman of PCCW; SeHyun Oh ,Chairman of SK Telecom, John Chen, Chairman of Sybase, Victor Koo, CEO of Youku.com (former President of Sohu.com); James Ding, Chairman of AsiaInfo, John Hummelstad, Apac Director of Microsoft Venture and many others.

Speaking on the occasion, Founder and MD SatNav Technologies Amit Prasad said, “Receiving the pan-Asia award is a satisfying moment for us as we have been working on innovative products for our select markets for almost 8 years now. India has always been seen as a low cost outsourcing destination though there have been some rare examples in other innovative areas. Our belief is that Intellectual Property based companies will be the next big opportunity from India and this award is another recognition of our efforts.”

Over the last couple of years SatNav’s focus was on the Indian market which also helped strengthen the products as Indian customers are very tech savvy and demanding. Now, with a strong customer base, good market presence and recognition, SatNav is currently poised to significantly grow presence in the international markets for the flagship product a-mantra by investing 10mn US$ in the Asia Pacific and Middle East regions over the next 24-36 months. The investment is to be utilized in sales, marketing and customer acquisition efforts. SatNav aims to be a market leader in a range of IT products and is well on it’s way to achieving this goal.

Red Herring is a global media company uniting the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology research, and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit www.redherring.com.

SatNav Technologies is an IT product-focused company launched by the SatNav Group of promoters who have business interests in IT Products, Education and Aviation Maintenance. SatNav Technologies is actively involved in products, which were first developed in the year 2000 when SatNav was a part of a Top 5 IT company in India and have been constantly upgraded since then. At SatNav we believe that the next big opportunity for India is in the IT Products space, an area that is yet to be tapped by players in the IT industry. As pioneers in Navigation, Intelligent Transportation Systems (ITS) and Facilities Management Solution (FMS) related products, we are fully geared with the competency to offer next generation products that are built to enhance processes cost effectively and at the same time are easy to use. Headquartered in Hyderabad, India, we also have a direct presence in California (US), New Jersey (US) and Singapore, as well as sales partners spread across 4 continents and 10 countries.