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FOR IMMEDIATE RELEASE:
Concord, Ontario, Canada (October 19, 2011) – RuggedCom Inc., (“RuggedCom”) (TSX: RCM), a leading designer and manufacturer of industrial strength networks for mission-critical applications in harsh environments, is ranked among the Deloitte Technology Fast 50™ for the sixth consecutive year, a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. RuggedCom's increase in revenues of 445% percent from 2006 to 2010 resulted in a 36th ranking.
For 14 years, the Deloitte Technology Fast 50™ program has tracked the successful growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50™ augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.
“Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of an uncertain global economic recovery,” said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “RuggedCom is an example of the determination, drive and skill that will serve to position them for further growth and success in the years to come.”
RuggedCom's CEO, Marzio Pozzuoli, credits a focus on providing technology solutions that solve real customer issues, combined with outstanding reliability and superior customer service with the company's 445% percent revenue growth. Pozzuoli said, “We are passionate about creating products that improve the way the world connects and are thrilled that Deloitte has recognized us once again for our contributions to the Canadian tech sector.”
To qualify for the Deloitte Technology Fast 50™ ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.
RuggedCom is a leading provider of utility grade communications networking solutions designed for mission-critical applications in harshenvironments. RuggedCom’s pioneering leadership in developing technologies and products for the electric power industry delivered the world’s first IEC 61850-3 compliant Ethernet switch suitable for electric utility substation environments, the world’s first IEEE 1613 Class 2 error free communication devices, the world’s fastest network fault recovery and the world’s first fully managed IP67 rated Ethernet switch.
RuggedCom's technology solutions include Ethernet switches, network routers, wireless devices, serial servers, media converters, software and professional services. RuggedCom's products are expressly designed for use in challenging environments such as those found in electrical power substations and “SmartGrids”.
The Deloitte Technology Fast 50™ program is Canada’s pre-eminent technology awards program. Celebrating 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 (Canada’s leading GreenTech companies that promote a more efficient use and re-use of the earth's resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, Wellington Financial, TMX Group, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.
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