Quebec, Canada, November 28th, 2008— Distech Controls announced today that it ranked number 263 on Deloitte’s 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003–2007. Distech Controls grew 665 percent during this period.

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.”

"It’s great to see so many of our Canadian Technology Fast 50 winners included in the North American Fast 500,” stated John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “While helping fuel the growth of the Canadian technology industry and as an outstanding example of Canadian technology leadership, Distech Controls is more than just a Canadian success story — it is also a North American technology leader. ”

In addition to ranking on Deloitte’s Technology Fast 500, Distech Controls ranked 30th amongst the Fastest Growing Technology Companies in Canada and received the coveted Deloitte Technology Green 15™ Award at the 2008 Deloitte Technology Fast 50™ Awards.

Fast 500 Selection and Qualifying Criteria

The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007. Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.

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 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting, and financial advisory services—and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global 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.

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


For Distech Controls
Caroline Cadieux
Marketing Director
e-mail: click here
www.distech-controls.com