Terion Named Rising Star in the Deloitte Texas Crescent Technology Fast 50 Program
PLANO, Texas--Nov. 3, 2004--Terion, the leading provider of trailer fleet management systems, has been named a Rising Star in the Deloitte Texas Crescent Technology Fast 50 program. The Rising Star award is a special designation for fast-growth technology companies that have been in business just three or four years and is part of the Texas Crescent Technology Fast 50 program, which ranks the 50 fastest growing technology companies headquartered in Texas. Rankings are based on the percentage of growth in fiscal year revenues over three years (2001 to 2003). This year's Texas Crescent Technology Fast 50 program is presented by Deloitte & Touche USA LLP, one of the nation's leading professional services firms, and its Fast 50 sponsors Haynes & Boone, NASDAQ and Comerica Bank."The Deloitte Texas Crescent Technology Fast 50 Rising Star companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment," said Skip Moore, Regional Managing Partner for the Technology, Media & Telecommunications Group at Deloitte & Touche USA LLP. "We applaud the successes of Terion and acknowledge their place as one of the few to accomplish such a fast growth rate over the past three years."
"Terion is proud to be honored along with this select group of companies. We owe our success to the dedication and commitment of our employees. Terion is focused on bringing the best products to market that deliver maximum results to our customers," stated Terion CEO and President, Ken Cranston. "As the market leader in our segment with over 80,000 units installed, we intend to continue this approach to ensure our on-going success."
To qualify for the Technology Fast 50 Rising Star program, companies must have had operating revenues of at least $50,000 in 2001 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
Rising Star winners are automatically entered in the Deloitte Technology Fast 500 program's Rising Star category. The Deloitte Technology Fast 500 program ranks North America's top 500 fastest growing technology companies based on revenue growth over five years (1999-2003). Its Rising Star ranking is based on revenue growth over three years (2001-2003). For more information on the Deloitte Technology Fast 50 or Fast 500 programs, visit www.fast500.com.
About Terion, Inc.
Terion, Inc. (www.terion.com) is a leading two-way wireless data communication and information solution provider for mobile and remote business-to-business applications focusing on the transportation industry. Terion provides value-added products and services, robust application content software accessed through the Internet, and reliable, high-quality hardware designed specifically for our target markets
Terion's core product, FleetView(R), provides a comprehensive fleet management solution that allows transportation companies to maximize efficiencies associated with trailer fleet operations by combining a high-bandwidth digital wireless path with intelligent messaging and sensor capabilities. The system uniquely supports over-the-air software downloads for device settings and software upgrades.
About Deloitte
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