RuggedCom Inc., Woodbridge, Ontario, Canada, September 19, 2007 –
RuggedCom Inc. (“RuggedCom”) (TSX:RCM), a leading provider of rugged communications networking solutions
designed for mission-critical applications in harsh environments, has been named for the second year in a row to Deloitte’s prestigious Technology Fast 50, the annual program which recognizes excellence, innovation and the fastest growing technology companies in Canada. RuggedCom’s increase in revenue of 1,601% from 2002 to 2006 resulted in a fourteenth ranking overall.
“Deloitte created the Deloitte Technology Fast 50 program a decade ago to celebrate the world-class achievements of Canadian technology companies,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Companies like RuggedCom are a perfect example of the combination of revenue growth, technological innovation and entrepreneurial spirit that continues to be a winning formula in the technology sector.”
RuggedCom’s President and CEO Marzio Pozzuoli explains, “RuggedCom continues to execute well in our drive to becoming the premier supplier of rugged communications networking solutions for industries with demanding performance and environmental criteria. Our strong growth rate is an indicator of the great market acceptance for our solutions.”
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 subject matter experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance. |
About RuggedCom Inc.
RuggedCom is a leading provider of rugged communications networking solutions designed for mission-critical applications in harsh environments. RuggedCom's technology solutions include Ethernet switches, network routers, wireless devices, serial servers, media converters, software and professional services. RuggedCom's products are designed for use in harsh environments such as those found in electrical power substations and “Smart Grids”, intelligent transportation systems, industrial process control and military applications. For further information, please visit www www.RuggedCom.com
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 Deloitte Technology Fast 50 Ranking, Companies-to-Watch Awards (honouring early-stage Canadian technology companies in business less than five years,) Leadership Awards, Deloitte Technology Fast 50-ranked companies that demonstrate leadership in each of the four industry subcategories (emerging technologies, hardware, software, and telecommunications) and the Deloitte Technology Green 15 Awards (honouring companies creating innovative and economically viable intellectual property in the burgeoning field of green technology.) Deloitte Technology Fast 50 winners are automatically eligible for the prestigious Deloitte Technology Fast 500 ranking. 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.
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Click here to view the list of Deloitte 2006 Canadian Technology Fast 50 Winners
