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Press
Release
October 19, 2005 - Wave7 Optics
Receives Top “Rising Star” Ranking in Deloitte’s “Technology Fast 50” Program
for Georgia and Ranks 8th in the U.S. and Canada
Company Honored as One of the Fast Growing Technology Companies in North America
ATLANTA, Ga. – October 19, 2005 – 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 the top “Rising Star” in Deloitte’s Technology
Fast 50 program for Georgia and the 8th ranked Rising Star in the U.S. and
Canada, as part of Deloitte’s Fast 500 program.
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). Companies honored in Deloitte’s
regional programs automatically gain entry into Deloitte’s Fast 500 process
covering Canada and the U.S.
“Broadband and, in particular, FTTP is the hottest sector in telecom over the
last few years now and our innovative Last Mile Link and Trident7 systems, made
possible by a team with unparalleled expertise in optical electronics, have
enabled us to secure a leadership position in this highly competitive market, as
evidenced by our worldwide customer engagements, healthy revenue growth and
order backlog and a technology platform that will leapfrog the competition,”
said Tom Tighe, CEO of Wave7 Optics.
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 and Fast 500 Rising Star programs,
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.
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
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 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
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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
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largest companies, as well as large national enterprises, public institutions,
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