Timbercon, Inc. Ranked #411 Fastest Growing Technology Company in North America on the 2007 Deloitte Technology Fast 500

10/25/2007

Timbercon, Inc. today announced that it ranked #411 on the 2007 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 2002-2006. Timbercon grew 331 percent during this period.

Timbercon’s President, Eric Meslow, attributes product innovation and a focused team with the company’s growth over the past five years. He said, “We are continuously striving to develop fresh and innovative products in order to exceed our customers’ expectations. Ranking on the Fast 500 list affirms that a first-rate product backed by an exemplary team leads to outstanding growth.”

“Deloitte’s Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America’s most innovative and competitive sectors,” said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. “We congratulate Timbercon on this significant accomplishment.”

“Timbercon is one of four Oregon companies ranking on this year’s list. The others include HemCon Medical Technologies headquartered in Portland, Saber, also headquarted in Portland and Merix Corporation out of Beaverton.”

Overall, companies that ranked on the 2007 Technology Fast 500 had growth rates ranging from 253 to 79,060 percent over five years, with an average growth rate of 1,823 percent.

Fast 500 Selection and Qualifying Criteria

The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006. Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies’ technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.

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