Innocor Claims Unprecedented Growth

KANATA, Ontario -- Innocor, a leading provider of broadband test solutions, today announced that it has experienced unprecedented success and significant growth over the past year in spite of a competitive marketplace.

The test market has been seriously impacted as a result of the collapse of the telecommunications industry, but market analysts are predicting a rebound and estimate the test and measurement industry will exceed $6 billion by 2008. Innocor is experiencing the early signs of this market turnaround and has continued to strive with its focus on broadband test equipment and engineering design services.

Innocor increased its sales by 45% over last year with only a 5% increase in staff. The company also grew its customer base by 40% over last year, and experience an enhanced sales channel adding seven new international distributors and five new North American sales representatives.

As a result of the growth, Innocor has merged its two operations, Almonte and Kanata, into one larger space. The new location will combine R&D, administration and sales, with the manufacturing interface, final assembly, customer support and product verification. It will also provide improved R&D and customer support labs.

"We have experienced tremendous success over the past year. Innocor is now better positioned to meet the increasing demand for our broadband test products, including enhanced final assembly, inventory and test facilities," said Randy Gill, President of Innocor. "We are on track to maintain our current growth rate and will continue to keep our customers' requirements and operational efficiency as our key focuses."

Innocor Ltd.