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ViXs Systems Awarded Hong Kong-Canada Business Achievement Award


May 13, 2014 - Toronto, ON

TORONTO, ON--(Marketwired - May 12, 2014) - ViXS Systems Inc. (TSX: VXS), a pioneer and leader in media processing solutions, is honored to receive the top award for Outstanding Business Innovation at the inaugural Hong Kong-Canada Business Achievement Awards, held on April 29th in Toronto. Hong Kong hosts ViXS' second largest research and development center employing 20% of ViXS' staff. The awards were co-hosted by the Hong Kong Economic and Trade Office and the Hong Kong-Canada Business Association. The Outstanding Business Innovation Award recognizes the outstanding achievement of Canadian companies in innovation and having successful business operation in Hong Kong.

Sally Daub, President & CEO ViXS: "We are honored to be recognized as one of the top Canadian innovative companies operating in Hong Kong. I would like to thank our Hong Kong staff and partners for their continued hard work and support. Hong Kong has provided us a unique and dynamic platform to access to a top-tier talent pool that has enabled ViXS to become a pioneer in our industry. We plan to grow and expand our presence in Hong Kong in the coming years."

"We are proud to have the presence of such a high performing and outstanding Canadian company in our city, and are very pleased to see that its partnership with Hong Kong has helped it to continue to grow and excel." Miss Gloria Lo, Director of Hong Kong Economic and Trade Office Canada.

"ViXS' success in Hong Kong was made possible by InvestHK, the Hong Kong Science and Technology Park, the Innovation and Technology Commission, the Hong Kong Economic and Trade Office, and a world-class ecosystem which promotes technology and growth. A global leader in innovation, ViXS is committed to continue our expansion in Hong Kong to augment our strong culture of research and development in Canada and world-wide." Hugh Chow, Chief Operating Officer of ViXS.

Professor K C Chan, GBS, JP, Secretary for Financial Services and the Treasury of Hong Kong, remarked, "As more and more Canadian companies look to Hong Kong for growth, it is timely for us to recognize the success of those early movers who have already established their business here. The first ever Hong Kong-Canada Business Achievement Award, brought by the Hong Kong-Canada Business Association in collaboration with our Hong Kong Economic and Trade Office in Canada, is an excellent opportunity to showcase the success stories of Canadian companies expanded into Hong Kong, using Hong Kong as the platform for their business ventures in other parts of Asia. Their success in Hong Kong and the Asian region has in return benefited their home-based business operations and contributed to the growth of the Canadian economy." 

The selection for the award was voted on by a panel comprised of heads / representations from the Hong Kong Economic and Trade Office, the Hong Kong-Canada Business Association, the Consulate General of Canada in Hong Kong and Macao, InvestHK, the Hong Kong Trade Development Council and the Richard Ivey School of Business at Western University.

About ViXS Systems Inc.

ViXS is the pioneer and market leader in designing revolutionary media processing semiconductor solutions for the broadcasting and consumer electronics industries, with over 461 patents issued and pending worldwide, numerous industry awards for innovation, and over 30 million media processor shipments to date. ViXS is driving the transition to Ultra HD 4K across the entire content value chain by providing professional and consumer grade chipsets that support the new High Efficiency Video Coding (HEVC) standard up to Main 10 Profile, reducing bandwidth consumption by 50% while providing the depth of color and image clarity needed to take advantage of higher-resolution content. ViXS' XCodePro 300 family is ideal for Ultra HD 4K infrastructure equipment, and the XCode 6000 family of system-on-chip (SoC) products achieve unprecedented levels of integration that enable manufacturers to create cost-effective consumer entertainment devices.

ViXS is headquartered in Toronto, Canada with offices in Europe, Asia and North America. VIXS, the ViXS® logo, XCode®, XCodePro™, XConnex™ and Xtensiv™ are trademarks and/or registered trademarks of ViXS. Other trademarks are the property of their respective owners. For more information on ViXS, visit our website: www.vixs.com.

Hong Kong Economic and Trade Office

The Hong Kong Economic and Trade Office is the official representation of the Government of the Hong Kong Special Administrative Region, People's Republic of China in Canada. It is based in Toronto with a suboffice in Vancouver, carrying out the principal function of promoting bilateral trade and business between Hong Kong and Canada.

Hong Kong-Canada Business Association

The Hong Kong-Canada Business Association is one of the largest bilateral business associations in Canada, with about 1300 members and eight active sections in major cities across the country. It aims to help the Canadian business community to expand business into Hong Kong and to other parts of Asia through Hong Kong

For further information, please contact:

Charlie Glavin
ViXS Systems Inc.
T: +1 416 646-2000
cglavin@vixs.com 

Investor Relations
ViXS Systems Inc.
T: 1 416 646-2000  ext. 3
Ir@vixs.com   

Hilda Chow
Public Relations Officer
Hong Kong Economic and Trade Office (Canada)
Tel: 416-924-7374

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