Taipei, Taiwan, September 4, 2003
The R.O.C. Ministry of Economic Affairs today announced that BenQ is the recipient of its prestigious Distinguished Award. The award, part of the annual Industrial Technology Development Awards, recognizes BenQ for its innovation in research and development and global competitiveness.
“We place a high value on research and development,” said Sheaffer Lee, President of BenQ Corporation, “Each year, our global research and development expenses reach billions of dollars NT [New Taiwanese Dollar]. We currently employ over 2000 engineers and have accrued more than 1000 patents and many research and development centers. Of these centers, our Advanced Technology Center is at the forefront of high-end research in communications, storage and cutting-edge nano-technology. The center currently employs 100 researchers.”
Sponsored by the R.O.C. Ministry of Economic Affair, the 11th Annual Industrial Technology Development Awards honors companies that play a role in contributing to Taiwan’s technology industry development. The award features a rigorous approval process including 46 public presentations and voting by over 200 specially selected jurors. In addition to being honored for its innovation and global competitiveness, BenQ was singled out as a leader in the transformation of Taiwan’s role from a manufacturing economy to a knowledge-based economy.
BenQ has a strong lineage of research and development, which includes developing Taiwan’s first mobile phone and MPEG-4 media gateway, using real-time bi-directional transmission. BenQ currently boasts the world’s smallest USB wireless LAN card. BenQ’s revenues continue to grow due to new product launches and last year broke the $100 billion NT mark.