EION Wireless Ranked in Deloitte's Technology Fast 50

List Recognizes 50 Fastest Growing Technology Companies in Canada

OTTAWA, Canada - October 1, 2009 EION Inc., a manufacturer of broadband wireless products is ranked among the Deloitte Technology Fast 50™, a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. In past years, EION Wireless has been ranked on the Wireless Fast 50, a list of the fastest growing wireless companies in North America and similarly, the Technology Fast 500 in North America.

For over 12 years, the Deloitte Technology Fast 50™ program has tracked the successful growth of Canadian-grown global leaders. Now Canada's pre-eminent technology award program, the Deloitte Technology Fast 50™ augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.

EION Wireless has evolved from its genesis as an IP software provider into a full service wireless equipment and data solutions corporation through careful and sustainable growth. Today EION Wireless has a truly global reach with more than 165 channel partners and customers all over the world. EION CEO, Kalai Kalaichelvan said, "I am proud of the achievements that the company has accomplished over the past five years and would like to thank the confidence of our customers and congratulate my employees for earning EION Wireless a place on the list of the fastest growing technology companies in Canada."

"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. "EION Wireless 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."

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 $5,000,000.00, 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.