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Symmetricom Ranked in Deloitte's Wireless Fast 50
SAN JOSE, Calif. --(Business Wire)-- Symmetricom, Inc. (NASDAQ: SYMM), a worldwide leader in precise time and frequency technologies that accelerate the deployment and enable the management of next generation networks, today announced the company has been named to Deloitte's Wireless Fast 50 Program, a ranking of the 50 fastest growing wireless companies by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage fiscal year revenue growth over five years, from 2002-2006.
"Symmetricom makes the equipment that forms the foundation of the next-generation network, both wireless and wireline," said Symmetricom's CEO, Thomas Steipp. "Our growth is fueled by our commitment to innovation throughout the company and within every product line. It's also the result of our focus on truly meeting the needs of our customers with solutions that set the standard in the industry. We're excited to be part of the Wireless Fast 50 and appreciate the hard work of every employee that helped get us there."
Symmetricom's increase in revenues of 159 percent from 2002 to 2006 resulted in a 47 ranking in the Wireless Fast 50.
"The wireless industry is on the cusp of great changes as new technologies such as WiMax and 3G upend the market, and yet we are only scratching the surface of what is possible," said Phil Asmundson, vice chairman, U.S. Technology, Media & Entertainment and Telecommunications at Deloitte & Touche USA LLP. "Our first-ever Deloitte Wireless Fast 50 awards underscore the potential for both innovation and business performance in this evolving sector. These companies have achieved sustained growth while navigating constant change, and are beacons of a promising future for the wireless industry."
Companies from the Wireless Fast 50 program are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Wireless Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
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 US member firm of Deloitte Touche Tohmatsu. In the US, 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 Symmetricom, Inc.
As a worldwide leader in precise time and frequency products and services, Symmetricom provides "Perfect Timing" to customers around the world. Since 1985, the company's solutions have helped define the world's time and frequency standards, delivering precision, reliability and efficiency to wireline and wireless networks, instrumentation and testing applications and network time management. Deployed in more than 90 countries, the company's synchronization solutions include primary reference sources, building integrated timing supplies (BITS), GPS timing receivers, time and frequency distribution systems, network time servers and ruggedized oscillators. Symmetricom also incorporates technologies including Universal Timing Interface (UTI), Network Time Protocol (NTP), Precision Time Protocol (IEEE 1588), and others supporting the world's migration to Next Generation Networks (NGN). Symmetricom is based in San Jose, Calif., with offices worldwide. For more information, visit www.symmetricom.com.
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