MEMS Technology Named a 2003 Small Times Magazine Best of Small Tech Business Leader Award Finalist

N.ANDOVER, Mass.--Dec. 2, 20033, 2003--Memsic, Inc., Dr.Yang Zhao, president, chief executive officer and founder of MEMS innovator Memsic Inc., received the award for BEST OF SMALL TECH BUSINESS LEADER AWARD FINALIST.

The 2003 Small Times Magazine Best of Small Tech Awards recognize the best people, products and companies in nanotechnology, MEMS and microsystems.

"The 2003 Small Times Magazine Best of Small Tech Award winners and finalists are already impacting lives," said Steve Crosby, President and Publisher of Small Times Media. "Small tech is passing the research and development stage; now it's being incorporated in real products."

Dr. Yang Zhao

President & CEO, Memsic, Inc.

Before founding MEMSIC, Dr. Zhao had been a key member in Analog Devices, MEMS division for seven years. Dr. Zhao has a Ph.D. in EE from Princeton (under Prof. Daniel Tsui who won the 1998 Nobel Prize in physics) plus two Master degrees in both Physics and EE. He holds 9 US patents in IC circuit, processing, packaging and MEMS technologies.

Memsic is proud of our leadership and appreciative with the inclusion of our founder as a 2003 finalist with Small Times Magazine.

The recipients of the Small Times Magazine Best of Small Tech Awards, along with the finalists, were selected by nominations and applications submitted by companies and individuals. Small Times Media news staff and an industry panel of experts reviewed the applicants and selected one winner and four finalists in six categories, plus lifetime achievement and other. The panel considered accomplishments between October 1, 2002 and September 1, 2003. A complete list of winners and finalists can be found in the November/December issue of Small Times(R) magazine and online at www.smalltimes.com.

About Small Times Media

Small Times Media LLC is the leading source of business news about the small tech industry, which includes nanotechnology, MEMS and microsystems. The company offers full news coverage through its bimonthly magazine, Small Times(R), daily Web site, www.smalltimes.com, and a weekly e-newsletter, Small Times Direct(TM). Free subscriptions are available to qualified individuals by visiting smalltimes.com. Small Times Media also offers custom research, based in part on the most accurate and comprehensive database in the industry. Small Times Media is headquartered in Ann Arbor, Mich.