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Corinex Achieves 3 Consecutive Years in Deloitte's Technology Fast 50.

VANCOUVER -- Corinex Communications Corp. was named a Deloitte Technology Fast 50 company today in recognition of its strong revenue growth over the last five years. Corinex is ranked as the 9th fastest-growing technology company in Canada. (www.fast50.ca)

For over 12 years, the Deloitte Technology Fast 50[TM] program has tracked the successful growth of Canadian-grown global leaders. Now Canada's pre-eminent technology award program, the Deloitte Technology Fast 50[TM] augments the broader Deloitte North American Technology Fast 500 initiative witch in this year Corinex has been ranked 51th among 500 Companies in the United States and Canada.(www.fast500.com)

"Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of a global recession," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "Corinex is an example of the determination, drive and skill that will serve to position them for further growth and success as the economic recovery takes hold."

Corinex's CEO Peter Sobotka, credits the Corinex team and increased awareness of Powerline networking in the market. Sobotka said, "Corinex is proud to be recognized as one of the elite companies in the Deloitte Technology Fast 50 in Canada for 3 years in a row. This honor serves not only as recognition for the company and all employees worldwide, but also for the entire Powerline industry."

To qualify for the Deloitte Technology Fast 50[TM] 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 evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

About Corinex Communications Corp.

Corinex specializes in developing high speed IP communications systems that run over electrical wiring (Powerline), coaxial cables, or phonelines, communications over AnyWire[TM]. Corinex has 8 years of experience developing and deploying networking products and services for the largest Telecom, Utility, and System Integration companies in the world, including over 50 Utility and 40 Telecom deployments on 6 continents. Corinex customers are leveraging our industry leading product and service expertise to create 200Mbps Triple Play Access Networks, Smart Utility Grids, In-Building networks, and In-Home networks.
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Publication:Business Wire
Date:Nov 9, 2009
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