LIEKKI Recognized with the Prestigious Red Herring 100 Europe Award

Lohja, Finland  May 10, 2006

LIEKKI, a leading supplier of highly doped optical fibers and fiber laser modules, is selected for the 2006 Red Herring 100 Europe Winner Award. The award recognizes the 100 “Most Promising” firms driving the future of technology.

LIEKKI is a recipient of Red Herring 100 Europe, a selection of the 100 private companies based in the EMEA region that play a leading role in innovation and technology. Red Herring’s editorial staff rigorously evaluated more than 700 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.

“Market obstacles remain but our list shows that great companies are being created in Europe,” said Red Herring editor-in-chief Joel Dreyfuss.

Red Herring’s lists of top private companies are an important part of the magazine’s tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors as those that would change the way we live and work.

“Red Herring 100 Europe is a highly priced addition to the Frost&Sullivan European Technology Leadership Award received last year. These selections show that LIEKKI continues to be the technology leader in the rapidly growing area of high energy lasers,” says LIEKKI’s VP of Sales and Marketing William Willson.