Distech Controls inc.

Distech Controls Ranks 30th amongst the Fastest Growing Technology Companies in Canada and receives the coveted Deloitte Technology Green 15™ Award at the 2008 Deloitte Technology Fast 50™ Awards

Brossard, Quebec, October 14, 2008 — Distech Controls ranks 30th 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. Distech Controls' increase in revenues of 664% from 2003 to 2007 resulted in a 30 ranking. Distech Controls also obtained the prestigious Deloitte Technology Green 15™ Award, an award created last year to showcase 15 Canadian companies that are leading the way to create major breakthroughs in the field of green technology.

For over a decade, 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.

“Transforming technological innovation into business success is hard, and it’s especially difficult to sustain such rapid revenue growth over five years. Distech Controls has rapidly built a highly successful company in the Canadian technology industry and we applaud their dedication and ability to transform their vision into reality,” said Pierre Brodeur, leader of Deloitte’s Quebec TMT industry group.

Distech Controls, based in Quebec, Canada, is a leading provider of building automation and energy management solutions.Distech Controls' CEO and President, Mr. Etienne Veilleux, credits the company’s strong growth with a continuous dedication to research and development and a sustained focus on the development of international markets. “In a highly competitive industry, Distech Controls continues to invest in research and development, providing unique, quality-driven products. Clients worldwide appreciate this commitment to innovation and their trust in our products support Distech Controls’ continued growth.”

“Companies such as Distech Controls are creating technology solutions that have both a significant environmental impact and demonstrate a compelling return on investment. In doing so, they are helping position Canada as a global leader in the development of commercially-viable green technology,” explained Brodeur.

About the Deloitte Technology Green 15™ – The Deloitte Technology Green 15™ recognizes Canada’s leading GreenTech companies. GreenTech, the industry term for "green technologies", is taking on greater importance in the world in general, and the world of business in particular. It includes any technology that promotes a more efficient use and re-use of the earth's resources in industrial production and consumption. GreenTech products and services are designed to reduce or eliminate environmental impacts and improve operational performance, productivity, or efficiency while reducing costs, inputs, energy consumption, waste, or pollution. Although many companies within GreenTech industry sectors are very different, they share a common trait: all use new, innovative technology to create products and services that compete with existing products and services on price and performance while reducing impact on the environment.

About the Deloitte Technology Fast 50™ - The Deloitte Technology Fast 50™ program is Canada’s preeminent 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 Capital Markets, Wellington Financial, Stonewood Group, CATAAlliance and IGLOO.
For further information, visit www.fast50.ca

About Distech Controls, Inc - Distech Controls designs, manufactures and markets leading-edge building automation system solutions for HVAC, lighting and custom applications, promoting energy and cost efficient operation of buildings, while maintaining optimum comfort. Established in 1995, Distech Controls is headquartered in Quebec, Canada, with offices in Canada, the USA, South America, Europe, Asia and the Middle-East. For more information: www.distech-controls.com