Press Release

4th fastest growing private company in the Bay Area

Redwood City, Calif. October, 2004—Panomics, Inc. was ranked 4th fastest growing private company in the Bay Area by the San Francisco Business Times, reporting greater than 850% revenue growth.

Defying most of the downbeat trend of the economy over the past four years, Panomics achieved a robust revenue growth at a rate of over 850% for the period 2001-2003. Company founder and CEO Jason Li grew the company independently, focusing on robust and innovative product release, developing over 1000 new products since Panomics started its operations in 2000. At the award gala hosted by the San Francisco Business Times, he commented that this success is largely due to his outstanding team of co-workers.

The ranking appeared in the San Francisco Business Times “2004 Fast 100” special issue published October 8.