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Distech Controls Ranks on Deloitte North America Technology Fast 500™ and Receives the Deloitte Technology Green 15™ Award

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Distech Controls Ranks 433rd amongst the Fastest Growing Technology Companies in North America and receives the coveted Deloitte Technology Green 15™ Award on the 2009 Deloitte Ranking.

Brossard, Quebec, November 23rd, 2009 — Distech Controls, a leading provider of building automation and energy management solutions, announced today that it ranked number 433 on Deloitte’s 2009 Technology Fast 500. Technology Fast 500 is 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 (2004-2008), period during which Distech Controls grew 263 percent.

“With its impressive five-year growth, Distech Controls has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America,” said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Deloitte is proud to honor Distech Controls for its achievement.”

In addition, Distech Controls obtained the prestigious Deloitte Technology Green 15, an award created to showcase 15 Canadian companies that are leading the way to create major breakthroughs in the field of green technology.

“The Deloitte Technology Green 15 Award recognizes those Canadian companies that offer solutions to global environmental challenges by creating intellectual property and technology that reduce society’s environmental impact,” added John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Companies such as Distech Controls are creating technology solutions that have a significant environmental impact and demonstrate a compelling return on investment, despite being in a recession. In doing so, they are helping position Canada as a global leader in the development of commercially-viable green technology.”

Etienne Veilleux, President and CEO of Distech Controls accepted the awards and said “Through the strength of our global partner network, we are reaching customers with our technology and innovation, reshaping their thinking of investment in green technologies. Today Distech Controls stands proud to receive these recognitions on behalf of our partners and customers.”

Fast 500 Selection and Qualifying Criteria

The Technology Fast 500 award program ranks the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. It is compiled from nominations submitted directly to the Technology Fast 500 website, and public company database research conducted by Deloitte. Deloitte’s 2009 Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not qualify. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues. Technology Fast 500 award eligibility requirements include a base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, these revenues must have more than doubled between 2004 and 2008. Also, companies must be in business for a minimum of five years, and be headquartered within North America.

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 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, Europe, Asia and the Middle-East. For more information: www.distech-controls.com

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