DELOITTE & TOUCHE

DELOITTE & TOUCHE

October 24, 2007 08:01 ET

Canada Is Home to a Quarter of North America’s Fastest Growing Wireless Companies, With Ontario and B.C. as Hotbeds

Three Canadian companies secure top spots in first-ever Deloitte Wireless Fast 50 ranking

TORONTO, ONTARIO--(Marketwire - Oct. 24, 2007) - Canada's prowess as a wireless technology hotbed is on display today as Deloitte announces the first-ever Deloitte Wireless Fast 50, a ranking of the fastest-growing wireless companies based on fiscal year revenue growth over five years (2002-2006).

Three Ontario-based companies broke through the top 10, with BTI Systems Inc. ranking fourth alongside Tira Wireless Inc. (16,610% growth), and MyThum Interactive Inc. ranking sixth (13,900% growth). A total of 13 Canadian companies made this inaugural top 50 ranking.

"It's not surprising to see such strong rankings given Canada's history of wireless innovation and leadership," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "The increasing influence of wireless technology on lifestyles and business models is resulting in the emergence of new wireless sectors that position Canadian companies well to become global leaders in these rapidly evolving wireless sectors."

Ruffolo noted that global leaders such as Research in Motion (ranked #34 on the Deloitte Wireless Fast 50 and #336 on the Deloitte Technology Fast 500) have left tremendous legacies in terms of talent and infrastructure. Many of the Canadian companies included in this ranking were also recognized in the Deloitte Technology Fast 50 in September, a ranking of the country's 50 fastest-growing technology companies and Canada's pre-eminent technology awards program.

Deloitte Wireless Fast 50 award winners were announced yesterday as part of the CTIA Wireless I.T. and Entertainment 2007 conference in San Francisco. Satellite technology pioneer SIRIUS Satellite Radio (NASDAQ:SIRI) secured the top ranking at 79,060% growth, with U.S-based SkyBitz (40,314% growth), and TeleNav (16,666% growth) rounding out the top three companies. Earlier in the day, SIRIUS also earned top billing, when it was named the fastest growing North American technology company (79,060% growth) in the prestigious Deloitte North American Technology Fast 500 ranking.

Ontario and British Columbia are wireless hotbeds

The Wireless hotbeds of Ontario and British Columbia were recognized for having innovative companies and pockets of talented employees, as they were well represented in the new wireless ranking. The Ottawa region is home to five of the ranked companies (BTI Systems Inc., DragonWave Inc., Bridgewater Systems, EION Inc., and SkyWave Mobile Communications Inc.), four are from the Greater Toronto Area (Tira Wireless Inc., MyThum Interactive Inc., Redline Communications Inc. and AirIQ Inc.), one is from Waterloo (Research in Motion), and three are from British Columbia (WebTech Wireless Inc., Tranzeo Wireless Technologies Inc. and Ascalade Communications Inc.). Collectively, these Canadian companies combine for an average growth rate over five years of 4,195%.

Trends driving wireless

As a group, the 2007 Deloitte Wireless Fast 50's extraordinary growth rate reflects a number of underlying trends:

- Wireless voice connections are surpassing wired connections: Wireless device usage is surpassing that of land lines. Sixty percent of voice calls are now made using wireless connections, often within a few feet of an available landline.

- More than just voice communications: People are increasingly using wireless mobile devices for more than just voice communication. They use them as personal devices and incorporate them into their lifestyles, leading to new business opportunities.

- Consumer mobility is driving business disruption: Wireless technology is a key enabler of a mobile, untethered world. This mobility is changing how people work, communicate and think about entertainment, which in turn is disrupting business models.

Five Canadian companies cracked the top 20

The strength of the Canadian wireless industry is exemplified by the wide range of wireless sectors in which Canadian Wireless Fast 50 companies compete:

- #4 (Tied) - BTI Systems Inc. (www.btisystems.com) enables wireless carriers to distribute data to end-users through its fiber optic microWDM solutions. With text messaging, video clips and other data shared on wireless devices, the mobile Internet is straining infrastructure and bandwidth.

- #4 (Tied) - Tira Wireless Inc. (www.tirawireless.com) provides developers and publishers with tools to productize and bring content to the mobile market. Tira Jump 2008, its flagship mobile development and deployment platform, encourages code re-use and broad collaboration using a Jumplet™ component model.

- #6 - MyThum Interactive Inc. (www.mythum.com) powers mobile strategies using a comprehensive toolkit that includes text messaging, interactive television, rich content, interactive voice response and promotion through out-of-home digital media.

- #17 - WebTech Wireless Inc. (www.webtechwireless.com) is a global Telematics and location-based services provider that delivers turnkey wireless solutions that include automatic vehicle location, mapping, reporting, vehicle diagnostics, driver status, in-vehicle telemetry and messaging. (TSX:WEW)

- #18 - Redline Communications Inc. (www.redlinecommunications.com) is the leading provider of standards-based WiMAX and broadband wireless infrastructure products. Redline's wireless access and backhaul products enable service providers and other network operators to establish broadband wireless networks to cost-effectively deliver high-bandwidth services including voice, video and data communications.



The Deloitte Wireless Fast 50 Ranking

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5-Year
Rank Company Name City State % Growth
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1 SIRIUS Satellite Radio Inc. New York NY 79,060%
2 SkyBitz Inc. Sterling VA 40,314%
3 TeleNav, Inc. Sunnyvale CA 16,666%
4 (Tied) BTI Systems Inc. Ottawa ON 16,610%
4 (Tied) Tira Wireless Inc. Toronto ON 16,610%
6 MyThum Interactive Inc. Toronto ON 13,900%
7 Boingo Wireless, Inc. Santa Monica CA 13,398%
8 NetMotion Wireless, Inc. Seattle WA 7,504%
9 Ethertronics Inc. San Diego CA 6,603%
10 AirClic, Inc. Newtown PA 5,895%
11 XM Satellite Radio Holdings Inc. Washington DC 4,525%
12 mBlox Inc. Sunnyvale CA 3,689%
13 Airvana, Inc. Chelmsford MA 3,628%
14 SiGe Semiconductor, Inc. Methuen MA 3,517%
15 Roamware, Inc. San Jose CA 3,228%
16 Vibes Media Chicago IL 2,341%
17 WebTech Wireless Inc. Burnaby BC 1,888%
18 Redline Communications Inc. Markham ON 1,417%
19 Enfora, Inc. Richardson TX 1,276%
20 Atheros Communications, Inc. Santa Clara CA 1,259%
21 Axesstel, Inc. San Diego CA 1,106%
22 MetroPCS Communications, Inc. Dallas TX 1,096%
23 Tranzeo Wireless Technologies Inc. Pitt Meadows BC 1,072%
24 Vertical Communications, Inc. Cambridge MA 815%
25 DragonWave Inc. Kanata ON 683%
26 VoiceSignal Technologies, Inc. Woburn MA 665%
27 Smith Micro Software, Inc. Aliso Viejo CA 664%
28 Novatel Wireless, Inc. San Diego CA 655%
29 GENBAND Inc. Plano TX 596%
30 AirIQ Inc. Pickering ON 586%
31 Ascalade Communications Inc. Richmond BC 503%
32 InterDigital, Inc. King of Prussia PA 447%
33 Gemini Mobile Technologies, Inc. San Mateo CA 443%
34 Research In Motion Waterloo ON 436%
35 I.D. Systems, Inc. Hackensack NJ 346%
36 BridgewaterSystems Ottawa ON 321%
37 EION Inc. Ottawa ON 316%
38 Aeris Communications, Inc. San Jose CA 279%
39 Terabeam, Inc. San Jose CA 271%
40 Air2Web, Inc. Atlanta GA 265%
41 AnyDATA Corporation Irvine CA 236%
42 NII Holdings, Inc. Reston VA 204%
43 SkyWaveMobile Communications Inc. Ottawa ON 190%
44 FreeWave Technologies, Inc. Boulder CO 178%
45 Bytemobile, Inc. Mountain View CA 173%
46 CommScope, Inc. Hickory NC 171%
47 Symmetricom, Inc. San Jose CA 159%
48 QUALCOMM Incorporated San Diego CA 158%
49 LGC Wireless, Inc. San Jose CA 140%
50 EFJ, Inc. Irving TX 137%


About the Deloitte Wireless Fast 50

The Deloitte Wireless Fast 50 program is presented by Deloitte & Touche USA LLP in association with ONESPORT. To qualify, companies must have operating revenues of at least US$50,000 in 2002 and US$5,000,000 in 2006 and be headquartered anywhere in the world. They must also own proprietary wireless technology or proprietary wireless intellectual property contributing to a significant portion of its operating revenues or devote a significant amount of revenues to the research and development of wireless technology. Companies that use other companies' wireless technology or intellectual property in a unique way do not qualify. Companies from the Deloitte Wireless Fast 50 program automatically qualify for the Deloitte Technology Fast 500, a ranking of North America's 500 fastest-growing technology, media, telecommunications and life sciences companies. For further information, visit www.fast500.com.

About CTIA

CTIA-The Wireless Association, is an international nonprofit membership organization representing all sectors of wireless communications: cellular, personal communication services and enhanced specialized mobile radio. For further information, visit www.ctia.org.

About Deloitte

Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting, and financial advisory services through more than 7,600 people in 56 offices. Deloitte operates in Quebec as Samson Belair/Deloitte & Touche s.e.n.c.r.l. The firm is dedicated to helping its clients and its people excel. Deloitte is the Canadian member firm of Deloitte Touche Tohmatsu. Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries and not by the Deloitte Touche Tohmatsu Verein.

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