Impressive Growth Propels Corinex into the #21 Position among the
Fastest-Growing Technology Companies in Canada
VANCOUVER, BRITISH COLUMBIA, September 20 /CNW/ - Corinex Communications
Corp. was named a Deloitte Technology Fast 50 company today in recognition of
its strong revenue growth over the last five years. Ranking as the 21st
fastest-growing technology company in Canada, Corinex, the Powerline
Networking company, has achieved its growth through technology leadership,
strong customer relationships, and a focus on fulfilling customer needs.
"Transforming technological innovation into business success is hard, and
it's especially difficult to sustain such rapid revenue growth over five
years. Corinex Communications has rapidly built a highly successful company in
the Canadian technology industry and we applaud its dedication and ability to
transform vision into reality," said John Ruffolo, National Leader,
Technology, Media & Telecommunications Industry Group, Deloitte.
"Corinex is proud to be named one of the companies in the prestigious
Deloitte Technology Fast 50, Canada's pre-eminent technology awards program.
This honour is not only recognition for Corinex and all our employees, but
also for the entire Powerline Industry as it indicates the industry's huge
potential," said Peter Sobotka, CEO, Corinex Communications.
The Deloitte Technology Fast 50 is a ranking of the country's 50
fastest-growing technology companies based on percentage revenue growth over
five years. Deloitte launched the program a decade ago to celebrate the
world-class achievements of the Canadian technology sector. Combining rapid
revenue growth, technological innovation and entrepreneurial spirit, Deloitte
Technology Fast 50 companies -- large, small, public, private -- span a
variety of industry sectors, and are leaders in hardware, software,
telecommunications, and emerging areas, such as green technology and
The award joins other accolades Corinex has achieved this year including
Frost & Sullivan's "2007 Growth Industry Leadership award" and the Utilities
Telecom Council's "Best AMI Platform" award.
For more information on Corinex, visit www.corinex.com.
About Corinex Communications Corp.
Corinex AnyWire(TM) Connectivity solutions distribute high-speed IP
signals on electrical wiring, coax, and phone lines. Corinex has a Powerline
market share of 48% worldwide (In-Stat) and 40% in North America (Frost &
Sullivan). Its products are used by tier one service providers including
Telefonica and Belacom to distribute IPTV service throughout the home.
Corinex is the recipient of the Frost & Sullivan "Best Product Line
Strategy" award, Utilities Telecom Council's Best Automated Metering
Infrastructure award for Access, finalist for the International Engineering
Consortium InfoVision award for Best Access Technology, Retailvision nominee
for Best New Product and Best Product: Digital Home (x2) for Corinex In-Home
products, and others.
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 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 (recognizing
companies creating innovative and economically viable intellectual property in
the field of green technology). Program sponsors include Deloitte, Gowlings,
GrowthWorks, CIBC World Markets, Stonewood Group, Behr & Associates, and
CATAAlliance. For further information, visit www.fast50.ca or call
For further information:
For further information: Media Contact: Corinex Communications VP
Marketing and Business Development Brian Donnelly, 778-371-7697