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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.

 
 

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About EION Wireless
EION Wireless, a division of EION Inc., is a global provider of Broadband Wireless Access products that enable effective, economic and secure wireless high-speed communications solutions. EION is a Principal Member of the WiMAX Forum and was named one of the fastest fifty growing wireless companies in North America by Deloitte and Touche. With over ten thousand broadband wireless installations worldwide, the company’s licensed and unlicensed frequency products are used by wireless ISPs, private network operators, and remote rural networks and in voice and data backhaul applications to solve last mile challenges. EION Wireless works with more than 165 worldwide channel partners to support its diverse global customer base.
For more information, visit: www.eionwireless.com

About the Deloitte Technology Fast 50™
The Deloitte Technology Fast 50™ 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, Wellington Financial, Stonewood Group, HKMB Hub, CATAAlliance, CleanTech Group, IGLOO, ITAC, MaRS and Microsoft. For further information, visit www.fast50.ca.

For additional information, please contact:
EION Inc.
Richard Kelland
Marketing & Communications
Phone: (613) 271-4400 x232
e-mail: richard@eion.com

Deloitte & Touche LLP
Fabrice de Dongo
Media Relations Manager
Phone: 416-874-3249
e-mail: fdedongo@deloitte.ca