|By Marketwired .||
|November 14, 2012 02:58 PM EST||
SAN JOSE, CA -- (Marketwire) -- 11/14/12 -- Ubiquiti Networks, Inc. (http://www.ubnt.com/) (NASDAQ: UBNT), a next-generation communications technology company, today announced that it ranked 70 on Deloitte's Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
In the past year Ubiquiti added three new platforms, establishing six successful platforms total for the company:
- airFiber, a revolutionary outdoor wireless backhaul radio platform;
- mFi, a revolutionary machine-to-machine communications technology platform; and
- EdgeMAX, a price/performance disruptive software and systems routing platform with the world's first sub-$100 router.
Last month, airFiber won the 2012 Wireless Internet Provider Association product of the year award.
"We're thrilled to be part of the Technology Fast 500, and particularly happy to have placed as one of the top 100 companies," said Robert J. Pera, CEO at Ubiquiti Networks. "It's a testament to the strength of our product offerings and the value of what we're doing by providing high performance communications technology solutions at a disruptive price point.
About Deloitte's 2012 Technology Fast 500
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies -- both public and private -- in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have 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, companies must be in business for a minimum of five years, and be headquartered within North America.
About Ubiquiti Networks
Ubiquiti Networks is a next-generation communications technology company that designs and manufactures proprietary technologies. Since 2005, Ubiquiti's products and solutions have bridged the digital divide between emerging and developed markets by fundamentally changing the economics of deploying high performance networking solutions in underserved and underpenetrated markets globally. Our technology platforms airMAX, UniFi, airFiber, airVision, mFi and EdgeMAX, focus on delivering industry-leading performance, compelling price-performing characteristics and an unparalleled user experience. Ubiquiti has reduced high product and network deployment costs and other business model inefficiencies to enable rapid market adoption of their products and solutions in emerging markets. For more information visit http://www.ubnt.com/.
Safe Harbor for Forward Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements other than statements of historical fact including words such as "look", "anticipate", "believe", "estimate", "expect", "consider" and "plan" and statements in the future tense are forward looking statements. The statements in this press release that could be deemed forward-looking statements include statements regarding release of new products and expected performance, price-performance disruptiveness, growth prospects, market positioning, short and long-term opportunities, and any statements or assumptions underlying any of the foregoing. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Also, forward-looking statements represent our management's beliefs and assumptions only as of the date made. Ubiquiti Networks undertakes no obligation to update information contained in this press release. You should review our SEC filings carefully and with the understanding that our actual future results may be materially different from what we expect.
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