Impressive Growth Propels Corinex into the #21 position among the Fastest-Growing Technology Companies in Canada
Vancouver, Canada (September 20, 2007) - Corinex Communications Corp. was named a Deloitte Technology Fast 50 company today in recognition of its strong revenue growth over the last five years. Ranking as the 21st fastest -growing technology company in Canada, Corinex, the Powerline Networking company, has achieved its growth through technology leadership, strong customer relationships, and a focus on fulfilling customer needs.
"Transforming technological innovation into business success is hard, and it's especially difficult to sustain such rapid revenue growth over five years. Corinex Communications has rapidly built a highly successful company in the Canadian technology industry and we applaud its dedication and ability to transform vision into reality," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte.
"Corinex is proud to be named one of the companies in the prestigious Deloitte Technology Fast 50, Canada's pre -eminent technology awards program. This honour is not only recognition for Corinex and all our employees, but also for the entire Powerline Industry as it indicates the industry's huge potential," said Peter Sobotka, CEO, Corinex Communications.
The Deloitte Technology Fast 50 is a ranking of the country's 50 fastest -growing technology companies based on percentage revenue growth over five years. Deloitte launched the program a decade ago to celebrate the world -class achievements of the Canadian technology sector. Combining rapid revenue growth, technological innovation and entrepreneurial spirit, Deloitte Technology Fast 50 companies - large, small, public, private - span a variety of industry sectors, and are leaders in hardware, software, telecommunications, and emerging areas, such as green technology and nanotechnology.
The award joins other accolades Corinex has achieved this year including Frost & Sullivan's "2007 Growth Industry Leadership award" and the Utilities Telecom Council's "Best AMI Platform" award.
For more information on Corinex, visit www.corinex.com
About Corinex Communications Corp.
Corinex AnyWireTM Connectivity solutions distribute high speed IP signals on electrical wiring, coax, and phone lines. Corinex has a Powerline market share of 48% worldwide (In -Stat) and 40% in North America (Frost & Sullivan). Its products are used by tier one service providers including Telefonica and Belacom to distribute IPTV service throughout the home.
Corinex is the recipient of the Frost & Sullivan "Best Product Line Strategy" award, Utilities Telecom Council's Best Automated Metering Infrastructure award for Access, finalist for the International Engineering Consortium InfoVision award for Best Access Technology, Retailvision nominee for Best New Product and Best Product: Digital Home (x2) for Corinex In -Home products, and others.
About the Deloitte Technology Fast 50 -
This year marks the 10th anniversary of the Deloitte Technology Fast 50 program, which celebrates business growth, innovation and entrepreneurship. The program features four distinct categories including the Technology Fast 50 Ranking, Companies -to -Watch Awards (early -stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50 candidate), Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15 Awards (recognizing companies creating innovative and economically viable intellectual property in the field of green technology). Program sponsors include Deloitte, Gowlings, GrowthWorks, CIBC World Markets, Stonewood Group, Behr & Associates, and CATAAlliance. For further information, visit www.fast50.ca or call 1 -888 - 6FAST50.
Corinex Communications Corp. Media Contact
VP, Marketing and Business Development
Corinex Communications Corp.
778 371 7697