Palomar Technologies President and CEO Named Semi-Finalist in Ernst & Young Entrepreneur Of The Year® 2011 Award for San Diego

Carlsbad, CA – April 5, 2011 – Palomar Technologies, the world-leading provider of precision microelectronics and optoelectronic packaging systems, today announced that Bruce Hueners, President and CEO, is a semi-finalist for the Ernst & Young Entrepreneur Of The Year® 2011 Award in San Diego.

According to Ernst & Young LLP, the awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities. Mr. Hueners was selected as a semi-finalist by a panel of independent judges. Award winners will be announced at a special event on June 16 at the Hyatt Regency La Jolla.

“It is an honor to have been selected as a semi-finalist for the Ernst & Young Entrepreneur Of The Year® 2011 Award for San Diego. This is really recognition for all the employees at Palomar Technologies,” stated Bruce Hueners, President and CEO of Palomar Technologies. “My fellow semi-finalists are a remarkable group of San Diego’s top entrepreneurs, and I am proud to be included among them.”

The Ernst & Young Entrepreneur Of The Year® awards program celebrates its 25th anniversary this year. The program has expanded to recognize business leaders in over 140 cities and over 50 countries throughout the world.

About Palomar Technologies
Palomar Technologies, a former subsidiary of Hughes Aircraft, is the global leader of automated high-accuracy, large work area die attach and wire bond equipment and precision contract assembly services. Customers utilize the products, services and solutions from Palomar Technologies to meet their needs for optoelectronic packaging, complex hybrid assembly and micron-level component attachment. For more information, visit www.palomartechnologies.com.

About Ernst & Young’s Entrepreneur Of The Year® Awards Program
Ernst & Young’s Entrepreneur Of The Year® is the world’s most prestigious business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The Year® celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited located in the U.S.