GlobalSat Technology Corporation, a leading manufacturer and supplier of high quality GPS, Bluetooth and mobile wireless communication products, announced that it has been named one of the 50 fastest growing technology companies in Taiwan, according to Deloitte & Touche. Taiwan Fast 50 ranks companies based on average revenue percentage growth over three years, which includes speed of growth (not current financial performance or profitability). In a region of more than 5,000 technology companies, our company has demonstrated tremendous achievement. Spurred by a burgeoning market for innovation solutions, GlobalSat ranked #16, with three-year revenue growth of 457%; and ranked #34 with 575% profit growth in the past three years.

"It is our honor to be recognized by Deloitte & Touche for our company to stay strong and deliver a long-term growth,” said Prince Cheng, President and CEO of GlobalSat Technology Corp. "In 2005, GlobalSat's net revenues increased to $37.5 million, or 75%, compared to net revenues of $9 million in 2003.  As our most advanced products and services to OEMs ODMs, and system integrations, we continue our commitment and focus on providing our customers the most up to date, cutting edge system solutions.”