Contact Information: Contacts: Michael Schoolnik Story Communications (415) 674-3816 John Spindler Vice President of Marketing LGC Wireless (408) 952-2487
LGC Wireless Ranked 49 in Deloitte's Wireless Fast 50
InterReach Unison(R) and InterReach Fusion(R) Products Drive 5-Year Growth of 140 Percent
| Source: LGC Wireless
SAN JOSE, CA--(Marketwire - October 23, 2007) - LGC
Wireless, the leading supplier of In-Building Wireless
solutions and Network Systems to the Fortune 500, today announced that it has
been ranked number 49 in Deloitte's Wireless Fast 50 Program, a ranking of
the 50 fastest growing wireless companies by Deloitte & Touche USA LLP, one
of the nation's leading professional services organizations. Rankings are
based on the percentage fiscal year revenue growth over five years from
2002-2006.
Ian Sugarbroad, LGC president and CEO, credits the massive increase in
indoor cellular telephone use along with the InterReach products'
industry-leading performance and scalability with the company's 140 percent
revenue growth from 2002-2006. "Carriers, public agencies, hotels, and
enterprises have all come to realize that reliable in-building cellular
coverage is a must," said Sugarbroad, "and our systems offer the best
coverage and performance with the simplest deployment and the lowest cost.
It's a good formula for success."
"The wireless industry is on the cusp of great changes as new technologies
such as WiMAX and 3G upend the market... and yet, we are only scratching
the surface of what is possible," said Phil Asmundson, Vice Chairman, U.S.
Technology, Media & Entertainment and Telecommunications, Deloitte & Touche
USA LLP. "Our first-ever Deloitte Wireless Fast 50 awards underscore the
potential for both innovation and business performance in this evolving
sector. These companies have achieved sustained growth while navigating
constant change, and are beacons of a promising future for the wireless
industry."
To qualify for the Wireless Fast 50, companies must have had operating
revenues of at least $50,000 in 2002 and $5,000,000 in 2006. They must own
proprietary wireless technology or proprietary wireless intellectual
property that contributes to a significant portion of their operating
revenues or devote a significant proportion of revenues to the research and
development of wireless technology. Using other companies' wireless
technology or intellectual property in a unique way does not qualify.
Companies from the Wireless Fast 50 program are automatically entered in
Deloitte's Technology Fast 500 program, which ranks North America's top 500
fastest growing technology, media, telecommunications and life sciences
companies. For more information on Deloitte's Wireless Fast 50 or
Technology Fast 500 programs, visit www.fast500.com.
About Deloitte
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 or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche
Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte
& Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte
Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries),
and not by Deloitte & Touche USA LLP.
About LGC Wireless
With more than 10,000 systems shipped worldwide to more than 100 countries,
LGC Wireless is the leader in specialized wireless coverage and capacity
solutions for carriers and the enterprise. LGC's scalable, high-performance
indoor solutions are at work inside buildings in all major venues and
industries. In addition, as a leading supplier of compact GSM and CDMA
wireless networks, LGC also provides specialized solutions to mobile
operators for a broad range of applications. LGC's products offer low-cost
installation, end-to-end monitoring and management, and easy integration of
emerging wireless technologies. LGC Wireless is based in San Jose,
California USA and is privately held. For more information, please visit
www.lgcwireless.com.