October 30, 2008

FreeWave Technologies Ranked Number 26 in Deloitte’s Technology Fast 50 Program for Colorado

BOULDER, Colo., Oct. 30 /PRNewswire/ -- FreeWave Technologies, has been named to Deloitte's prestigious Technology Fast 50 Program for Colorado, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2003-2007.

FreeWave Technologies' spokesperson, Colin Lippincott, credits its continuing customer focus and dedicated staff with the company's 112 percent revenue growth from 2003-2007. Lippincott said, "It indeed is an honor to be included as one of Colorado's Fast 50 again for the 10th consecutive year. It especially is fitting as FreeWave celebrates 15 years of consecutive growth since it was founded in 1983. We pay tribute to our customers who we have worked hand-in-hand to develop the finest offerings in the industry. We also express gratitude to our dedicated staff of employees who are an integral part of our success, each and every day."

FreeWave's increase in revenues of 112 percent from 2003 to 2007 resulted in a 26th ranking in the Technology Fast 50 for Colorado. The average increase in revenues among companies who made the Technology Fast 50 for this region was 507 percent.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.

Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit http://www.fast50.com/.

About FreeWave Technologies

Founded in 1993, FreeWave Technologies is a world leader in the innovative design and manufacture of ISM Band radios and wireless data solutions that are trusted for mission critical applications around the world. Based in Boulder, Colorado, the company offers network design, path studies and pre-installation engineering services to ensure reliable, error free data-flow in the most challenging RF environments. FreeWave is the only long-term radio provider with 100 percent backward compatibility with fully integrated, best-in-class engineered products. For additional information, contact FreeWave directly at 866.923.6168 or at [email protected] Visit the company's website at http://www.freewave.com/

About Deloitte

As used in this document, "Deloitte" means Deloitte LLP. Please see http://www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

   PR Contact:   Terri Douglas   Catapult PR-IR   303.581.7760, ext. 18 (office)   303.808.6820 (cell)   [email protected]  

FreeWave Technologies

CONTACT: Terri Douglas of Catapult PR-IR, +1-303-581-7760, ext. 18,cell, +1-303-808-6820, [email protected], for FreeWave Technologies

Web Site: http://www.fast50.com/http://www.freewave.com/