STMicroelectronics Wins "Best Innovator 2007" Award
Geneva, October 29, 2007 - STMicroelectronics (NYSE: STM) has received the "Best Innovator 2007" Award, jointly bestowed by management and strategy consulting firm A.T. Kearney and French business daily, Les Echos. The award was presented by Mr Jean-Marc Monteil, Special Adviser to the Prime Minister of France, to Laurent Bosson, Executive Vice-President, responsible for Front-end Technology and Manufacturing, STMicroelectronics.
The European "Best Innovator 2007" award, which was given to ST following an in-depth assessment process, acknowledges companies that implement distinctly original and powerful strategies, management methods, organization and resources aimed at spearheading innovation in all spheres, including technologies, products, processes and management.
The 2007 award program involved an initial analysis by a panel of judges to identify the most innovative companies among 700 entrants from a variety of business sectors with annual revenues in excess of 300 million. Five companies were then selected for special jury awards and STMicroelectronics was declared the winner of the much coveted "Best Innovator 2007" award.
This Award acknowledges ST's excellence in all aspects related to innovation: results (responsiveness, impact, customer satisfaction), systems implemented (project management and team motivation), management (continuous improvement, technological development), organization, corporate culture and, lastly, alignment with strategic vision.
In his welcome address at the awards ceremony, Pascal Colombani, Senior Advisor at A.T. Kearney, said: "ST has achieved outstanding results at all levels of innovation-related performance. It was this excellence that clinched the Best Innovator 2007 award."
Representing STMicroelectronics at the ceremony, Laurent Bosson said: "We are particularly proud to receive this award as it endorses our ability to develop innovative solutions which improve our everyday lives. We have succeeded in implementing a common work culture with all the players throughout our value chain, from research laboratories to suppliers, manufacturers, customers, as well as competitors, which is essential when the challenges request a call for mobilization beyond the scope of a single company."
For more than twenty years, ST has invested in the fostering of long-term partnerships with customers, suppliers, leading research centers such as LETI in France and research universities worldwide. Alongside these partnerships, the Company has spurred several world-class initiatives to support the European microelectronics industry, from JESSI as part of the Eureka program to MEDEA and MEDEA+. On the research front, ST has also made a dynamic contribution over the past four years to the European Nanoelectronics Initiative Advisory Council (ENIAC), a project aimed at bringing together the leading players in the European nanoelectronics industry to develop and implement a coherent vision by 2020.
In addition, STMicroelectronics is either a leading contributor or partner to four French competitiveness clusters (three of which are ranked as "world-class" clusters) established in the regions where the Company operates.
About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2006, the Company's net revenues were $9.85 billion and net earnings were $782 million. Further information on ST can be found at www.st.com.
