iDIRECT NAMED ON WASHINGTON BUSINESS JOURNAL'S LIST OF FASTEST GROWING COMPANIES


Company recognized for impressive growth in global and government markets


Herndon, Va., October 12, 2007—iDirect, Inc. (iDirect), a company of Vision Technologies Systems, Inc. (VT Systems) and a world leader in satellite-based broadband communications, has for the third consecutive year been recognized by Washington Business Journal as one of the 50 Fastest Growing Companies in the Washington, DC area.  Based on revenue growth of 56 percent over three years from 2004 to 2006, iDirect earned a ranking of 36th on the list. Washington Business Journal is a premier publication for Washington, DC-based businesses and compiles an annual list of fastest growing companies in the metropolitan area.
iDirect’s continued rapid growth is being driven by several vibrant market opportunities.

* Increasing adoption by emerging markets. iDirect has achieved outstanding growth worldwide and was recognized this year by market analyst firm Frost & Sullivan as the leader in satellite hub sales in the Middle East and Africa with a 40 percent market share. Also this year, iDirect established its first hub in China to support oil and gas exploration and signed major contracts with leading satellite communications providers in Pakistan, Indonesia and other Asia Pacific markets.

* Accelerating government demand. Multiple U.S. government agencies and military branches have selected iDirect to support diverse operations domestically and abroad. iDirect established a separate entity, iDirect Government Technologies, to leverage its growth rate in government sales.

* Expanding end user applications. iDirect’s technology is driving the adoption of several emerging satellite communications applications, including Comms on the Move, business continuity and maritime communications. This year iDirect secured a major contract with Intelsat, a leading service provider, to power its new global maritime solution.

“It is an honor to be recognized by Washington Business Journal for the third year in a row. iDirect’s rapid growth and success proves our business model is working. Our technology solutions are meeting the diverse needs of service providers, large and small, and around the world. As businesses and organizations demand more constant connectivity—no matter where they are—we expect exciting opportunities for iDirect in the years to come.”

~ Mary COTTON
Chief Executive Officer, iDirect

iDirect, together with ST Electronics (Satcom & Sensor Systems) offers a complete end-to-end solution for last mile communications from VSAT (very small aperture terminal) to Comms on the Move to hubs and broadband communications solutions.

*****

iDirect, a subsidiary of VT Systems, is a world leader in satellite-based broadband communications. iDirect powers many of the world’s satellite networks providing constant connectivity for voice, video and data communications in diverse and challenging environments. These include extending private networks to remote offices, supporting mobile connectivity across land and sea, providing rural telephony and Internet broadband, and maintaining communications in the wake of disasters and network failures. iDirect’s best-in-class products are based on its Intelligent Platform™ and include hubs, routers, software and advanced technology. With more than 13 years global satcom experience and more than 225 employees serving customers in 30 countries, iDirect solutions are exclusively available through a diverse network of service providers, including some of the largest satellite operators in the world and seven of the World Teleport Association’s Global Top Ten. Headquartered in Herndon, Virginia, iDirect has offices in Europe, Asia, Middle East, Africa and Latin America. Please visit www.idirect.net.

VT Systems, Inc., and its subsidiaries are preferred providers of engineering solutions, products, integrated systems, and services in the Americas across the core business areas of marine, aerospace, electronics and land systems. Headquartered in Alexandria, Virginia, VT Systems operates throughout North America and offers a broad range of proven innovative services to both the commercial and government sectors. VT Systems is a wholly owned subsidiary of Singapore Technologies Engineering Ltd. Please visit www.vt-systems.com.

Media Contacts: 

Julie Gouldin
Vice President Corporate Marketing
iDirect Technologies
Phone: 703-648-8155
E-Mail: jgouldin@idirect.net 
       
 Sarah Thuman
 Manager, Corporate Communications
 VT Systems Inc
 Tel: 703-739-2610
 Fax: 703-739-2611
 Email: sthuman@vt-systems.com