SOURCE: Era Corporation

October 16, 2007 10:19 ET

Era Ranked Sixth Fastest Growing Company by Washington Business Journal

RESTON, VA--(Marketwire - October 16, 2007) - Era Corporation was ranked as the sixth fastest growing company in the Greater Washington area by The Washington Business Journal. The Fastest Growing Companies awards program honors companies in the Greater DC area that demonstrate the most growth over a three-year period.

The 50 Fastest Growing Companies in the Greater Washington Area were announced on October 11th at the awards reception at the Lafayette Center Galleria in Washington, D.C., and were published in the October 12th issue of the Washington Business Journal.

Era has seen a tremendous growth in worldwide demand for its industry leading ADS-B and multilateration surveillance technologies in the air traffic control, airport operations and military markets. Era produces surveillance and flight tracking solutions that outperform traditional radar in accuracy and reliability with a dramatically lower total cost of ownership. In the past year, Era has been preferred in the vast majority of worldwide projects requiring multilateration and ADS-B surveillance, including New York, Beijing, Dublin, Kuala Lumpur, Madrid and Johannesburg. Today, Era has over 130 customers in over 30 countries around the world.

"We are very honored to receive this recognition, especially in a high-growth region with such a concentration of venture capital, technology and innovation," said Dave Ellison, President and CEO of Era. "Our growth is an indication of not only the world's adoption of the technologies that we have pioneered, but also the trust placed in Era by the world's leading organizations as they deploy these mission-critical systems."

Earlier this year, Era was honored with the industry's coveted Jane's Development Award during ATC Maastricht and received the North American ADS-B Technology Leadership of the Year Award and number one industry ranking from Frost & Sullivan.

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About Era

Era Corporation is a pioneer and leading supplier of next-generation surveillance and flight tracking solutions for the air traffic control, military, homeland security and airport operations markets. With proven multilateration and ADS-B technologies delivering high performance, high reliability surveillance solutions, the company has over 100 commercial, air traffic control and military customers throughout the U.S., Canada, Europe, the Middle East, Africa, South America and Asia. Era's investment in research and development and its track record of product innovation has resulted in a substantial patent portfolio. Era is headquartered in Reston, Virginia with leading product research and development centers of excellence in the U.S. and Czech Republic.