updated 4/4/2011 2:47:14 PM ET 2011-04-04T18:47:14

QUEBEC CITY, April 4, 2011 (GLOBE NEWSWIRE) -- EXFO Inc. (Nasdaq:EXFO) (TSX:EXF) announced today that it has been named recipient of the 2011 Frost & Sullivan Global Growth Leadership Award in xDSL Test Equipment. The award is presented to the company that has demonstrated excellence in capturing the highest compound annual growth rate for the last three years in the xDSL test equipment market.

With this award, Frost & Sullivan recognizes EXFO's ability to implement a carefully designed product line strategy, aimed at developing new products, adding new customers and expanding to potential geographic markets. Among its key xDSL products, there is the MaxTester DSL, an easy-to-use and cost-effective ADSL2+/VDSL2 and Ethernet test set for installing FTTx services over DSL, as well as the AXS-200/600 series that is comprised of modular handheld test sets for multilayer copper qualification, DSL service verification and IP triple-play testing.

Other primary factors leading to the increasingly high growth rate of EXFO are its global presence and customer loyalty. Such a broad geographic presence has enabled EXFO to acquire a large customer base throughout the world. In fact, the company has recorded an outstanding global growth of 181 percent in 2010 in the world xDSL test equipment market. EXFO's growth was also driven by gaining high customer loyalty. This element can be attributed to the company's customer-focused approach, with emphasis on customer satisfaction and superior support services.

"Over the years, EXFO has maintained its position as one of the leading companies operating in the xDSL test equipment market, thanks to its innovations that meet customer expectations and specific market requirements through their high quality and technical efficiency," said Etienne Gagnon, EXFO's Vice-President, Wireline Division and Corporate Marketing. "Our clear focus on the DSL market has enabled EXFO to significantly increase its global customer base, which includes some of the world's leading service providers and carriers."

"One of the reasons behind the growth of EXFO is that the company has been performing consistently well in the xDSL test equipment market," said Srihari Padmanabhan, research analyst at Frost & Sullivan. "With its range of products custom-designed to suit the current market requirements and its continuous efforts in adapting its test equipment to the realities of the field, EXFO has managed to earn significant customer loyalty around the world. Its quick and efficient solutions to qualify copper-loop plants and triple-play services set it apart from other competitors in the market."

To learn more about Frost & Sullivan's awards, visit www.awards.frost.com , or for details about EXFO's other industry recognitions, visit the Awards and Recognitions section on our website.

About EXFO

Listed on the NASDAQ and TSX stock exchanges, EXFO is among the leading providers of next-generation test and service assurance solutions for wireless and wireline network operators and equipment manufacturers in the global telecommunications industry. The company offers innovative solutions for the development, installation, management and maintenance of converged, IP fixed and mobile networks — from the core to the edge. Key technologies supported include 3G, 4G/LTE, IMS, Ethernet, OTN, FTTx, and various optical technologies (accounting for an estimated 35% of the portable fiber-optic test market). EXFO has a staff of approximately 1700 people in 25 countries, supporting more than 2000 telecom customers worldwide. For more information, visit www.EXFO.com .

EXFO Brand Name

The corporate name of the company is EXFO Inc. The company requests that all media outlets and publications use the corporate name ("EXFO Inc.") or abbreviated name ("EXFO") in capital letters for branding purposes. EXFO would like to thank all parties in advance for their cooperation.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com .

CONTACT: Maryse Brodeur
         Media Planner
         (418) 683-0913, Ext. 3429
         maryse.brodeur@EXFO.com
         
         Vance Oliver
         Manager, Investor Relations
         (418) 683-0913, Ext. 3733
         vance.oliver@EXFO.com

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