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Deloitte & Touche Reveals Fastest Growing Technology Companies in Colorado.

DENVER -- Applied Films Corporation of Longmont tops the list of the fastest growing technology companies in Colorado as recognized by Deloitte & Touche USA LLP. The Colorado Technology Fast 50 is the only annual award program that ranks technology companies located in Colorado by revenue growth over five years.

"Deloitte's Colorado Technology Fast 50 companies have shown the strength, vision and temerity to succeed in today's very competitive technology environment," said Steve Yaroch, Technology, Media and Telecommunications Group Leader for Deloitte & Touche LLP in Denver. "We applaud the successes of these companies and their ability to achieve these impressive growth rates over the past five years."

Ranked number one is Applied Films Corporation with a revenue growth rate of 3,103 percent over five years. The Longmont-based company is a leading provider of technologically advanced thin film deposition equipment and service.

Second on the Colorado Technology Fast 50 is Myogen, Inc. of Westminster with a revenue growth rate of 2,224 percent over five years. Myogen is a biopharmaceutical company focused on the discovery, development and commercialization of small molecule therapeutics for the treatment of cardiovascular disorders.

Third on the list is Intelligent Software Solutions of Colorado Springs with a revenue growth rate of 1,623 percent over five years. Intelligent Software Solutions provides software development and web development services to U.S. government and corporate customers.

Displaytech, Inc. of Longmont ranked fourth with a revenue growth rate of 1,524 percent over five years. Displaytech uses liquid crystal technology to produce microdisplays for digital still cameras, camcorders and personal communication products.

Rounding out the top five is Quovadx, Inc. of Englewood with a revenue growth rate of 950 percent over five years. Quovadx offers software and services for application and system development, extension, integration and analysis to enterprise customers worldwide.

The Colorado Technology Fast 50 company ranking is as follows:
5 Year
Rank Company City Growth
----- ------------------------------------ ----------------- ---------
 1 Applied Films Corporation Longmont 3103%
 2 Myogen, Inc. Westminster 2224%
 3 Intelligent Software Solutions Colorado Springs 1623%
 4 Displaytech, Inc. Longmont 1524%
 5 Quovadx, Inc. Englewood 950%
 6 CaseShare Systems, Inc. Denver 898%
 7 Conduant Corporation Longmont 860%
 8 eCollege Denver 612%
 9 Alpine Access, Inc. Golden 600%
 10 Array BioPharma Inc. Boulder 414%
 11 Webroot Software Boulder 374%
 12 3t Systems Denver 336%
 13 Raindance Communications, Inc. Louisville 318%
 14 Encision, Inc. Boulder 264%
 15 SAN Holdings, Inc. Englewood 261%
 16 Allied Motion Technologies, Inc. Englewood 237%
 17 Intrado Inc. Longmont 217%
 18 Level 3 Communications Broomfield 214%
 19 EchoStar Communications Englewood 163%
 20 AccuCode Denver 159%
 21 Quris Denver 155%
 22 Clear Blue Engineering, Inc. Westminister 152%
 23 Ramtron International Colorado Springs 122%
 24 NAVSYS Corporation Colorado Springs 116%
 25 Spectra Logic Corporation Boulder 103%
 26 ARC Wireless Solutions Wheat Ridge 102%
 27 UnitedGlobalCom, Inc. Denver 102%
 28 Advanced Circuits Aurora 90%
 29 Sirenza Microdevices, Inc. Broomfield 77%
 30 Rentech, Inc. Denver 73%
 31 Datria Englewood 71%
 32 McDATA Corporation Broomfield 68%
 33 SpectraLink Corporation Boulder 66%
 34 Front Range Internet,Inc. Fort Collins 61%
 35 Global Med Technologies Lakewood 57%
 36 Decisioneering, Inc. Denver 56%
 37 CCX Corporation Lafayette 51%
 38 InfoNow Corporation Denver 51%
 39 Corgenix Medical Corporation Westminster 49%
 40 Cheetah Advanced Technologies, Inc. Fort Collins 43%
 41 ACT Teleconferencing, Inc. Golden 42%
 42 Time Warner Telecom Inc. Littleton 34%
 43 CSG Systems International, Inc. Englewood 33%
 44 Dynamic Solutions International Englewood 33%
 45 Spectranetics Corporation Colorado Springs 29%
 46 Gold Systems Boulder 29%
 47 Heska Corporation Fort Collins 29%
 48 FreeWave Technologies, Inc. Boulder 23%
 49 SIMTEK Corporation Colorado Springs 23%
 50 TeleTech Holdings, Inc. Englewood 19%


Winners are selected based on percentage revenue growth over five years from 2000 to 2004. To be considered, Technology Fast 50 entrants must: have operating revenues of at least $50,000 in 2000 and at least $1,000,000 in 2004; be headquartered in Colorado; be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of its operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify. Subsidiaries and divisions are not eligible, unless they have some public ownership and are separately traded.

A special category called "Rising Stars" recognizes the fastest growing technology companies in Colorado based on revenue growth over three years (2002-2004).
5 Year
Rank Company City Growth
----- ------------------------------------ ----------------- ---------
RS-1 StillSecure Louisville 2111%
RS-2 Accuvant Denver 1571%
RS-3 Epic Broadband Solutions Castle Rock 611%


The Technology Fast 50 program is presented by Deloitte, in association with Holme Roberts & Owen LLP, JPMorgan Chase and NASDAQ.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. 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. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

About Holme Roberts & Owen LLP

Holme Roberts & Owen LLP (HRO), an international law firm with approximately 215 lawyers in offices in Boulder, Colorado Springs, Denver, London, Los Angeles, Munich, Salt Lake City and San Francisco, has a tradition of building lasting relationships with the finest entrepreneurial pioneers, from railroads and mining, to oil and gas, and more recently technology and telecommunications. Lawyers from the corporate, securities, litigation, intellectual property, emerging growth, real estate, finance, banking, tax, and the environmental groups, assist large and small entities in both routine and extraordinary aspects of their businesses. Because business today is transacted in a global marketplace, HRO lawyers also advise United States-based and foreign companies on business transactions domestically and abroad. For more information on HRO, visit our web site at www.hro.com.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase has its corporate headquarters in New York and its U.S. consumer and commercial banking headquarters in Chicago. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at www.jpmorganchase.com.

About NASDAQ

NASDAQ(R) is the largest electronic screen-based equity securities market in the United States. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.
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Date:Oct 7, 2005
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