TORONTO, September 25 /PRNewswire/ --
- Redline Achieves Ranking Among the Deloitte Technology Fast 50 for the Third Consecutive Year
Redline Communications Inc. ("Redline") (TSX and AIM: RDL), a leading provider of standards-based WiMAX and broadband wireless infrastructure products, today announced that it has been ranked among the Deloitte Technology Fast 50 for the third consecutive year. The Deloitte Technology Fast 50 is a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years from 2003 to 2007.
"We are pleased to be recognized once again for Redline's tremendous growth, which has been fueled by our ability to deliver advanced WiMAX technologies that enable carriers to provide true broadband access in markets around the world," said Majed Sifri, President and CEO of Redline Communications. "Our growth is also attributed to the drive of each of our employees and partners, and their commitment to providing real value to our customers and shareholders through leading edge, high performance technologies and excellent services."
With more than 166 trials and deployments, Redline has established itself as a leader in the WiMAX industry, in both technology development and deployments. Redline was the first company to achieve WiMAX Forum Certification(R) for a complete WiMAX system, and is one of the first to achieve certification for its RedMAX 4C(TM) Mobile WiMAX products.
In addition, Redline offers the RedCONNEX(TM) and RedACCESS(TM) families of Broadband Wireless Infrastructure (BWI) products that provide connectivity for enterprise and industrial applications that require large amounts of bandwidth. The company's BWI products have been deployed worldwide for a range of applications including communications for oil and gas facilities, military operations, education, and backhaul for mobile networks to enable carriers to support increased customer traffic.
"Transforming technological innovation into business success is hard, and it's especially difficult to sustain such rapid revenue growth over five years. Redline Communications has rapidly built a highly successful company in the Canadian technology industry and we applaud their dedication and ability to transform their vision into reality," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte.
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 US$5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluates and judges companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.
Redline's WiMAX Leadership
Redline is recognized worldwide as a leader in the deployment of WiMAX Forum Certified(R) products. Redline's RedMAX(TM) family of WiMAX solutions was the world's first complete system to receive the WiMAX Forum Certified(TM) mark for conformance to the WiMAX standards for performance and interoperability. Redline's RedMAX 4C(TM) Mobile WiMAX products have recently been certified to the mobile WiMAX standards. Redline currently has more than 166 WiMAX deployments, of which 63 are commercial, revenue-generating networks.
RedMAX 4C(TM) Mobile WiMAX
The RedMAX 4C(TM), which is based on the WiMAX industry's 802.16e-2005 standards for mobile WiMAX, supports a wide range of fixed, portable and mobile wireless services including support Voice and Video over IP, broadband Internet access used to support highly valued education, medical, transportation and municipal applications, VPNs (Virtual Private Networks) and other advanced communications services. The RedMAX 4C(TM) Mobile WiMAX platform is designed to enable operators to maximize the reach and customer density required for a profitable carrier business model. The RedMAX 4C(TM) includes a modular, standardized (micro)TCA (micro Telecommunications Computing Architecture) chassis base station that is small, lightweight and easy to deploy. RedMAX 4C(TM) will also include a suite of indoor and outdoor fixed and portable end-user devices including laptops, mobile handsets and PDAs. Redline's new WiMAX offering is also designed to facilitate the integration of its existing RedMAX(TM) products with its RedMAX 4C(TM) technologies, providing operators a path to true mobility.
About the Deloitte Technology Fast 50
The Deloitte Technology Fast 50 (www.fast50.ca) 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, GrowthWorks, RBC Capital Markets, Wellington Financial, Stonewood Group, CATAAlliance and IGLOO.
About Redline Communications
Redline Communications (www.redlinecommunications.com) is the leading provider of fixed and mobile standards-based wireless broadband solutions. Redline's RedMAX(TM) WiMAX Forum Certified(TM) system, RedMAX 4C Mobile WiMAX(TM) products, and its award-winning RedCONNEX(TM) and RedACCESS(TM) families of broadband wireless infrastructure products enable service providers and other network operators to cost-effectively deliver high-bandwidth services, including voice, video and data communications. Redline is committed to maintaining its wireless industry leadership with the continued development of WiMAX and other advanced wireless broadband products. With more than 100,000 installations in 85 countries, and a global network of over 170 partners, Redline's experience and expertise helps service providers, enterprises and government organizations roll out wireless broadband networks to support advanced communications.
NOTE: All registered and unregistered trademarks mentioned in this release are the property of their respective owners.
Certain statements in this release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws and are made pursuant to the "safe harbour" provisions of such laws. Statements related to potential benefits of, and demand for, Redline's products including statements with respect to the features and benefits that may be achieved through the use of Redline's products and the relative position of these products vis-à-vis competitive offerings in the industry are forward-looking statements which are subject to certain assumptions, risks and uncertainties. These risks and uncertainties include such factors as rapid technological changes, long uncertain sales cycles, demand for our products, the introduction of competing technologies, meeting industry standards, regulatory risk, dependent on key partners and resellers and other similar factors that may cause the actual results, performance or achievements of Redline to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Redline assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For further information: Redline Communications, Carolyn Anderson, Chantelle Bani, canderson@redlinecommunications.com, cbani@redlinecommunications.com, Tel: +1-905-479-8344; Equicom Group, Craig Armitage, Vanessa Beresford, carmitage@equicomgroup.com, vberesford@equicomgroup.com, Tel: +1-416-815-0700; Canaccord Adams, Neil Johnson, Andrew Chubb, Tel: +44(0)20-7050-6500
For further information: Redline Communications, Carolyn Anderson, Chantelle Bani, canderson@redlinecommunications.com, cbani@redlinecommunications.com, Tel: +1-905-479-8344; Equicom Group, Craig Armitage, Vanessa Beresford, carmitage@equicomgroup.com, vberesford@equicomgroup.com, Tel: +1-416-815-0700; Canaccord Adams, Neil Johnson, Andrew Chubb, Tel: +44(0)20-7050-6500
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