Hong Kong January 21, 2009 - AppoTech Ltd, leading ‘fabless' IC design house, has won the 2008 Hong Kong Awards for Industries - Technological Achievement Award. This award recognizes the company's success in developing the 32-bit CPU and market development.

Chuck Cheng, CEO and president of the company is honored to receive this award. He said, "this award recognizes the company's success as an outperforming company with innovative products and successful market development. We will keep striving for achievements for the future." As explained in comments from the judging panel, "AppoTech maintains an impressive library of peripheral IPs. With outstanding R&D that keeps up with market trends and technological development, the company is positioned to supply the market with cost-effective products."

The annual Technological Achievement Award is organized by Hong Kong Science & Technology Parks Corporation. It aims to recognize excellence in technology and intellectual property as well as its contribution to Hong Kong. In particular, the Technological Achievement Award promotes a broader appreciation of technology adoption and development in the industry and enhances the competitiveness of Hong Kong industries.