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Wave7 Optics Named Top 'Rising Star' in Deloitte's Technology Fast 50 ProgramATLANTA, Oct. 7 /PRNewswire/ -- Wave7 Optics Inc., a leading supplier of fiber-to-the-home and -premises (FTTH/P) broadband equipment for residential and business services, has been named a Rising Star in Deloitte's Technology Fast 50 program for Georgia. The Rising Star award is a special designation for fast-growth technology companies that have been in business just three or four years and is part of the Georgia Technology Fast 50 program, which ranks the 50 fastest growing technology companies headquartered in Georgia. Rankings are based on percentage revenue growth over three years (2002-2004). Wave7's increase in revenues of 2,744 percent from 2002 to 2004 resulted in the company being named the number one Rising Star award winner in the Technology Fast 50 for Georgia. The average increase in revenues over the past 3 years among companies named as Rising Stars for this region was 917 percent. "The Deloitte Georgia Technology Fast 50 Rising Star companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment," said Thomas McNulty, Partner, Deloitte & Touche LLP in Atlanta. "We applaud the successes of Wave7 Optics and acknowledge their place as one of the few to accomplish such a fast growth rate over the past three years." To qualify for the Technology Fast 50 Rising Star program, companies must have had operating revenues of at least $50,000 in 2002 and $1,000,000 in 2004, be headquartered in North America, and be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's 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. Rising Star winners are automatically entered in Deloitte's Technology Fast 500 Rising Star category. Deloitte's Technology Fast 500 program ranks North America's top 500 fastest growing technology companies based on percentage revenue growth over five years (2000-2004). Its Rising Star ranking is based on percentage revenue growth over three years (2002-2004). For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit http://www.fast500.com/. This year's Georgia Technology Fast 50 program is co-sponsored by Deloitte & Touche LLP, Kilpatrick Stockton LLP, TechLinks and PR Newswire and is presented in association with the Technology Alliance of Georgia (TAG). About Wave7 Optics Wave7 Optics (http://www.wave7optics.com/) has established itself as an industry leader in optical broadband access systems with an expanding FTTP product portfolio featuring a variety of architectural options, based on IP and Ethernet or ATM standards, for "triple play" voice, video and data services. The company's patented Last Mile Link and Trident7 systems are gaining market share rapidly around the world with service providers in the IOC, CLEC, MSO, municipal, utility and real estate development categories. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 120,000 people worldwide, Deloitte delivers services in four professional areas -- audit, tax, consulting, and financial advisory services - and serves more than one- half of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas. 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. In the U.S., Deloitte & Touche USA LLP is the member firm of Deloitte Touche Tohmatsu, and services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries) and not by Deloitte & Touche USA LLP. The subsidiaries of the U.S. member firm are among the nation's leading professional services firms, providing audit, tax, consulting, and financial advisory services through nearly 30,000 people in more than 80 cities. Known as employers of choice for innovative human resources programs, they are dedicated to helping their clients and their people excel. For more information, please visit the U.S. member firm's website at http://www.deloitte.com/us. CONTACT Michael Newsom LouVan Communications Inc. Voice: +1-508-541-9036 / mobile: +1-617-803-5385 Email: [email protected] Wave7 Optics Inc. CONTACT: Michael Newsom of LouVan Communications Inc., +1-508-541-9036,mobile: +1-617-803-5385, or [email protected], for Wave7 Optics Web site: http://www.wave7optics.com/http://www.fast500.com/http://www.deloitte.com/us |