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Xplore Technologies Ranked Number 348th Fastest Growing Company in North America on Deloitte's 2017 Technology Fast 500™AUSTIN, Texas, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Xplore Technologies Corp. (NASDAQ:XPLR) today announced that it is ranked 348th on Deloitte’s 2017 Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Xplore grew 230 percent from 2013 to 2016. Xplore’s acting chief executive officer Tom Wilkinson credits the company’s successful integration of Motion Computing assets and continued penetration of new verticals in the rugged mobility market with Xplore’s impressive multi-year revenue growth. Wilkinson said, "Xplore’s inclusion in the Fast 500 reflects the hard work and dedication of our employees to not only successfully integrate the Motion Computing assets, but also grow the overall market for rugged mobile products. We continue to convert new business divisions to rugged at existing customers, such as our ongoing expansion at the two largest telecommunications companies in the United States. “Xplore is also leading the rugged mobility conversion in high growth industries such as warehousing, logistics, data center, vehicle inspection and many other markets. Our customers and prospects are increasingly realizing that if enterprise computing assets are mobile, they need to be rugged. Xplore’s best-in-class tablet platforms provide our customers with the computing power, security, connectivity and operating systems required to fit seamlessly into existing IT assets, while lowering total cost of ownership (TCO) and increasing business productivity. At the same time, manufacturers are increasingly transitioning to paperless factories and warehouses. They need future-proof mobility solutions that can interop with their Industrial Internet of Things (IIoT) systems and facilitate a smooth transition to Industry 4.0 without disrupting operations today. With our expanding emphasis on applying our expertise in rugged tablets to additional rugged mobility solutions, Xplore is well positioned to continue leading the way forward in this exciting industry." “The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment,” said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “These companies are on the cutting edge and are transforming the way we do business. We extend our sincere congratulations to all the winners for achieving remarkable growth while delivering new services and experiences for their customers.” “Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this year’s North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investent,” said Heather Gates, national managing director of Deloitte & Touche LLP’s emerging growth company practice. “Deloitte is dedicated to supporting the best and brightest companies of the future in the emerging growth company sector. We are proud to acknowledge the significant accomplishments of this year’s Fast 500 winners.” About Deloitte’s 2017 Technology Fast 500™ In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms. About Xplore Technologies Forward Looking Statements Contact Information: Matt Kreps, Darrow Associates Investor Relations |