Silicon Valley, CA, December 2, 2008  —  Red Herring today announced that MDT was a winner of the Red Herring 100 Award, a selection of the 100 most innovative private technology companies based in Asia.

The Red Herring editorial board diligently surveyed the entrepreneurial scene throughout Asia and identified the top 100 out of more than 1,000 closely evaluated companies that are leading the next wave of innovation. “Our winners and Finalists demonstrate that Asia is increasingly becoming a leader in innovation, contrary to common stereotypes,” said Joel Dreyfuss, editor-in-chief of Red Herring.” It was tough to choose just the top 100 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists.”

The 100 winning companies have been announced at the Red Herring Asia event in Hong Kong. The CEOs of the winning startups presented their innovative ideas and technologies to an audience of leading entrepreneurs, financiers, and corporate strategists at the event at the Hong Kong JW Marriott Hotel earlier this week.