Dublin, Ireland - 3 June 2010 - Mobile multimedia specialist Movidius today announced that it is a recipient of the Red Herring 100 Europe award, given to the top 100 most exciting and promising private technology companies based in Europe.

Renowned for discovering and advocating the most promising private ventures from around the world, the Red Herring 100 finalists are selected from a pool of hundreds from across Europe, and evaluated on key metrics, such as financial performance, technology innovation, quality of management and execution of strategy.

Sean Mitchell, CEO Movidius commented, "We are very proud to have been selected as one of Europe's most promising technology companies by the Red Herring team. This award joins a host of other awards Movidius has won, and is a great vote of confidence in the strength, uniqueness and market potential of Movidius' offering."

Movidius' innovative low-power processor and application software technology enables a wide range of advanced multimedia features on mobile devices including real-time editing of video content, 3D mobile video, as well as a variety of high-quality video enhancements for improving video download bandwidth utilization.

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