-- Redline achieves ranking among the Deloitte Technology Fast 50 for the
third consecutive year --
TORONTO, Sept. 25 /CNW/ - 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
$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
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:
For further information: Redline Communications, Carolyn Anderson,
Chantelle Bani, firstname.lastname@example.org,
email@example.com, Tel: (905) 479-8344; Equicom Group, Craig
Armitage, Vanessa Beresford, firstname.lastname@example.org,
email@example.com, Tel: (416) 815-0700; Canaccord Adams, Neil
Johnson, Andrew Chubb, Tel: +44 (0)20 7050 6500