Lyrtech ranked 345th fastest growing technology company in North America in Deloitte Technology Fast 500



    QUEBEC CITY, Oct. 22 /CNW/ - Lyrtech Inc. ("Lyrtech" or the "Company")
TSX-V: LYT), a worldwide leader in digital signal processing ("DSP")
technologies, announced today that it has been ranked among the Deloitte
Technology Fast 500, a ranking of the 500 fastest-growing technology companies
in North America, based on the percentage of revenue growth over five years.
Lyrtech's increase in revenues of 424% from 2002 to 2006 resulted in a 345th
ranking.
    "This award confirms that Lyrtech is executing an efficient business plan
which is achieving its main objective of rapidly growing our Company's
revenues and market share," said Miguel Caron, CEO of Lyrtech. "Most
importantly, Deloitte's ranking demonstrates that Lyrtech has grown faster
than its local competitors and we intend to strive on this momentum to become
a continental dominant player in DSP technologies".
    "Deloitte's Technology Fast 500 recognizes technology companies who have
achieved extraordinary growth in North America's most innovative and
competitive sectors," said Phil Asmundson, vice chairman, U.S. Technology,
Media and Telecommunications, Deloitte & Touche USA LLP. "We congratulate
Lyrtech on this significant accomplishment."
    The Fast 500 ranks the fastest growing technology, media,
telecommunications and life sciences companies in North America. It is
compiled from Deloitte's 16 regional North American Fast 50 programs,
nominations submitted directly to the Fast 500, and public company database
research. Companies are selected based on percentage revenue growth from 2002
to 2006.
    Entrants must own proprietary intellectual property or proprietary
technology that contributes to a significant portion of the company's
operating revenues or devote a significant proportion of revenues to research
and development of technology. Using other companies' technology or
intellectual property in a unique way does not qualify. Base-year operating
revenues must be at least $50,000 USD or $75,000 CD, and current-year
operating revenues must be at least $5 million USD or CD. Companies must be in
business a minimum of five years, and they must be headquartered within North
America.

    About Deloitte

    Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss
Verein, its member firms, and their respective subsidiaries and affiliates.
Deloitte Touche Tohmatsu is an organization of member firms around the world
devoted to excellence in providing professional services and advice, focused
on client service through a global strategy executed locally in nearly
140 countries. With access to the deep intellectual capital of approximately
150,000 people worldwide, Deloitte delivers services in four professional
areas-audit, tax, consulting, and financial advisory services-and serves more
than 80 percent of the world's largest companies, as well as large national
enterprises, public institutions, locally important clients, and successful,
fast-growing global companies. Services are not provided by the Deloitte
Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member
firms do not provide services in all four professional areas.
    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.

    About Lyrtech Inc.

    Lyrtech develops and manufactures advanced digital signal processing
solutions for companies worldwide, a vital technology to network and wireless
communications, audio and video processing, as well as electronic systems in
all fields of technology. Lyrtech offers a full range of DSP-FPGA development
platforms, as well as design, prototyping, and manufacturing of electronic
products through its Innovator division. Lyrtech works in partnership with
industry leaders such as Texas Instruments, The MathWorks, and Xilinx.
Lyrtech's customers include many prestigious names of the consumer
electronics, telecommunications, aerospace, and defense fields such as BAE
Systems, Defence Research and Development Canada (DRDC), the European
Aerospace Defence and Space Company (EADS), Fujitsu, Harris, ITT, Motorola,
Neural Audio, NTT DoCoMo, and Samsung-Thales. For more information please
visit www.lyrtech.com.

    FORWARD LOOKING STATEMENTS

    Certain statements made in this press release regarding Lyrtech's future
operations, expected financial position, future revenues, projected costs,
prospects, plans and objectives are forward-looking statements. These
forward-looking statements, by their nature, necessarily involve risks and
uncertainties that could cause actual results to differ materially from those
contemplated by the forward-looking statements. Lyrtech considers the
assumptions on which these forward-looking statements are based to be
reasonable at the time they were prepared, but cautions that these assumptions
regarding future events, many of which are beyond Lyrtech's control, may
ultimately prove to be incorrect. Factors and risks which could cause actual
results to differ materially from current expectations are discussed in
Lyrtech's annual report for the year ended December 31, 2006. Lyrtech
disclaims any intention or obligation to update or revise any forward-looking
statements. For additional information on risks and uncertainties relating to
these forward-looking statements, investors should consult Lyrtech's ongoing
filings, including its most recent annual report, found on SEDAR at
www.sedar.com

    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.

    %SEDAR: 00014715EF




For further information:

For further information: Miguel Caron, President and Chief Executive
Officer, Lyrtech Inc., (418) 877-4644, miguel.caron@lyrtech.com; Alain Landry,
Chief Financial Officer, Lyrtech Inc., (418) 877-4644,
alain.landry@lyrtech.com

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LYRTECH INC.

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