Quebec City, Canada (September 27, 2006). Lyrtech Inc. (TSX Venture Exchange: LYT), a worldwide leader in digital signal processing (DSP) technologies, is proud to announce that it was selected as one the most promising Quebec companies by Deloitte. Lyrtech ranked as a Company to watch on the prestigious Technology Fast 50 2006 ranking.
The Technology Fast 50 ranking is the result of an annual contest designed to recognize the excellence and innovation of the fastest growing Canadian companies evolving in the field of technology. The ranking is based on the percentage of growth in revenues over a period of five years (2001–2005).
As part of the Technology Fast 50 ranking, 10 Canadian companies (three of which are based in Québec) were awarded the title of most promising company, amongst which Lyrtech proudly figures. The ranking’s aim was to identify the 50 companies evolving in the technology field with the highest growth in revenues over the past five years. Prizes in the “Promising companies”, “Life sciences”, and “Leadership” categories were also awarded. To learn more about the Technology Fast 50 ranking, visit www.deloitte.com/dtt/.
“To qualify for Deloitte’s Technology Fast 50 ranking, companies must know a phenomenal level of growth over a period of five years. Lyrtech has demonstrated that it was a role model for success and we wish to salute its will to make its vision a reality,” said John Ruffolo, National Leader, Technologies, Media, and Telecommunications at Deloitte.
Lyrtech develops and manufactures advanced digital signal processing solutions for companies worldwide, a vital technology to network and wireless communications, audio and video processing, as well as electronic systems in all fields of technology. Lyrtech offers a full range of DSP-FPGA development platforms, as well as design, prototyping, and manufacturing of electronic products through its Innovator division.
From the company’s state-of-the-art facility, Innovator offers prototyping services, new product introduction services, turnkey assembly, box build assembly, and other electronic manufacturing services, providing customers with a quality production run of highly complex products with a fast turnaround.
Lyrtech works in partnership with industry leaders such as Texas Instruments, The MathWorks, and Xilinx. Lyrtech’s customers include many prestigious names of the consumer electronics, telecommunications, aerospace, and defense fields such as Fujitsu, Harris, ITT, Motorola, Neural Audio, NTT DoCoMo, and Samsung-Thales.
Deloitte, one of Canada’s leading professional services firms, provides audit, tax, consulting, and financial advisory services through more than 6,200 people in 50 offices. Deloitte operates in Québec as Samson Bélair/Deloitte & Touche s.e.n.c.r.l. The firm is dedicated to helping its clients and its people excel. Deloitte is the Canadian member firm of Deloitte Touche Tohmatsu.
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. 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. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
For more information, contact:
Alain Landry, Chief Financial Officer, Lyrtech
T (418) 877-4644
F (418) 877-7710
Migüel Caron, President and Chief Executive Officer, Lyrtech
T (418) 877-4644
F (418) 877-7710