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Distech Controls Receives 2007 Deloitte Technology Fast 50 and Technology Green 15 Awards

Quebec, Canada, September 21, 2007 – Distech Controls has been ranked among the 2007 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' 427% revenue increase from 2002 to 2006 resulted in a 42nd ranking. Over the last 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.

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 unique, innovative product offering and international sales strategies for the consistent revenue growth. Mr. Veilleux adds, “In a very competitive market, Distech Controls offers leading-edge, cost-effective building automation solutions to building owners worldwide. Our clients around the globe – in North America, Europe, Asia, and the Middle-East – appreciate the level of innovation and quality our solutions provide. They also recognize the value of our commitment to research and development.”

“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 its dedication and ability to transform vision into reality,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte.

Distech Controls is also an inaugural winner of the Deloitte Technology Green 15 Award, a new award that salutes companies creating major breakthroughs in the field of green technology. The Deloitte Technology Green 15 Awards recognize those Canadian companies that offer solutions to global environmental challenges by creating intellectual property (IP) and technology that reduce society’s environmental impact.

Distech Controls’ wireless battery-less products are an example of a unique green solution offering in the building automation industry. Requiring no wiring between the controllers and the wireless battery-less devices, such as sensors and light switches, the solution promotes greener new and retrofit constructions, while promoting efficient and comfortable indoor environments.

“Companies such as Distech Controls are creating technology solutions that have a significant environmental impact and demonstrate a compelling return on investment,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “In doing so, they are helping position Canada as a global leader in the development of commercially-viable green technology.”

In August of 2007, Distech Controls also won the 2007 Frost & Sullivan North American Building Automation Systems Growth Excellence of the Year Award. Mr. Veilleux adds, “These awards are an important validation for Distech Controls, highlighting our business strategies, our commitment to innovation and quality, our customer loyalty and the hard work of the Distech Controls team.”

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