Press releasesTeraXion Awarded as one of the Fastest Growing Company in North America on Deloitte’s 2011 Technology Fast 500™

Press releases

TeraXion Awarded as one of the Fastest Growing Company in North America on Deloitte’s 2011 Technology Fast 500™ 2011/10/19

Quebec City, October 19th 2011 — TeraXion today announced that it figures for the third time in four years on Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2006–2010.

TeraXion’s chief executive officer, Alain-Jacques Simard, credits customer relationships, its high-skilled team’s commitment and effective partnerships with the company’s revenue growth. “We are very proud to receive this prestigious award, it rewards our constant efforts. We attribute this growth to team commitment, to our products quality and to all the support provided by our financial partners and our suppliers”, he said. “Customer satisfaction is also a growth’s key factor because we are devoted to develop win-win and long-standing business relationships”.

“TeraXion and all the Technology Fast 500™ winners in 2011 have shown a remarkable drive for creativity and innovation, and of course growth, particularly when you look at their accomplishments in the context of current economic challenges” said Richard Lee, National Leader, Technology Media & Telecommunications Industry Group, Deloitte Canada. "Deloitte congratulates TeraXion for this significant achievement.”

“We are pleased to honor TeraXion as one of the 2011 Technology Fast 500,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, TeraXion has demonstrated technological innovation, entrepreneurship and rapid growth.”

For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com

About TeraXion
TeraXion is a leading-edge photonic solutions provider for high-end applications of the optical communications, industrial lasers and optical sensing markets. Its line of products includes optical components and modules and specialized lasers for optical sensing. Founded in 2000, TeraXion realizes all its business activities in Quebec City, from R&D to production, and its products are exported in more than 40 countries.

About Deloitte
Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting, and financial advisory services through more than 7,700 people in 58 offices. Deloitte operates in Québec as Samson Bélair/Deloitte & Touche s.e.n.c.r.l. Deloitte & Touche LLP, an Ontario Limited Liability Partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.