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Yongxi Qian
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RFaxis Selected by Red Herring as One of Top 100 Ventures in North America

IRVINE, Calif., June 20, 2011 – RFaxis a fabless semiconductor company focused on innovative, next-generation RF solutions for the wireless connectivity and cellular mobility markets, today announced that it was selected as one of the top 100 ventures in North America at the Red Herring Top 100 North America awards ceremony in Hollywood last week. During this ceremony, Red Herring recognizes leading private companies from North America and celebrated the innovations and technologies of the companies across their respective industries.

Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.

"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe RFaxis, Inc. embodies the vision, drive and innovation that define a successful entrepreneurial venture. RFaxis should be proud of its accomplishment, as the competition was very strong."

"We were overwhelmed when we learned that we were selected for this coveted award," expressed Mike Neshat, CEO of RFaxis. "This honor is truly fulfilling given Red Herring's expansive networks of technology experts and financiers, the meticulous due-diligence Red Herring undertakes before bestowing this award, and the large field of candidates from a broad range of industries. Needless to say, this Red Herring honor is a significant waypoint for our journey. And it is yet another validation of our technology, team, business and stakeholders as we take RFaxis to new heights."

About RFaxis, Inc.
Incorporated in January 2008, RFaxis, Inc. is an Irvine, California-based company specializing in the design and development of RF semiconductors and embedded antenna solutions. With its patent pending technologies, the company leads the way in next-generation wireless solutions designed for the multibillion dollar Bluetooth, WLAN, 802.11n/MIMO, ZigBee, WiMAX, and WHDI markets. Leveraging pure CMOS and BiCMOS technology in conjunction with its own innovative approach and technology, RFaxis is home to the world's first RF Front-end Integrated Circuit (RFeIC). More information can be found at: www.rfaxis.com.

About Red Herring Top 100 North America
Red Herring's Top 100 North America list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

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