updated 4/7/2011 9:16:20 AM ET 2011-04-07T13:16:20

QUEBEC CITY, April 7, 2011 (GLOBE NEWSWIRE) -- EXFO Inc. (Nasdaq:EXFO) (TSX:EXF) announced today that it has been named recipient of Frost & Sullivan's 2011 Global Growth Leadership Award in the SONET/SDH and OTN test equipment market. The award is presented to the company that has demonstrated excellence in achieving the highest annual compound growth rate in the last three years.

Four key performance drivers factored in Frost & Sullivan's analysis. First, in 2010, EXFO was the first to add full ODU0 and ODUflex capabilities to an already comprehensive 10G/40G portable transport test offering, enabling service providers to maximize the available bandwidth with increased flexibility. Second, over the last few years, EXFO has maintained its strong R&D investments and, as a result, was one of the first to launch new OTN technologies, including the FTB-8140 Transport Blazer module. Third, in addition to its extensive training programs and support services, EXFO consistently designs its products to optimize ease of use, namely integrating automated test sequences and "quick-test" features. Finally, EXFO's products address the needs of a worldwide customer base—including NEMs, wireless and wireline network operators and service providers, R&D labs and universities, etc.

According to the latest report from Frost & Sullivan, a leading global growth consulting firm, EXFO established itself as the no. 2 supplier in the global SONET/SDH and OTN test industry, with a market share of 20.7%. Frost & Sullivan's research shows that in North America, EXFO secured a market share of 35.9% and saw its revenue grow 25%. The company also performed extremely well in the Asia-Pacific region, as its market share reached 13.8%, an increase of 65%.

"EXFO has consistently been a key industry contributor in the last 10 years through several key product innovations and a large involvement in enhancing test methodologies. Our focus continues to be about supporting our customers in their day-to-day challenges," said Germain Lamonde, EXFO's Chairman, President and CEO. "I am pleased that an independent firm like Frost & Sullivan has acknowledged our significant market share gain in SONET/SDH and OTN testing. This award further validates our innovation strategy and assures our customers that they are partnering with an industry frontrunner."

"One of the reasons behind the growth of EXFO is that the company has always been successful at identifying growth opportunities and shift in end-user trends in the market. The company has shown growth across all the product segments, end-user groups and geographic regions. With a comprehensive product portfolio, strong customer base and successful growth strategy in place, EXFO is expected to gain additional market share over the next three years in the SONET/SDH and OTN test equipment market," said Srihari Padmanabhan, Frost & Sullivan Research Analyst.

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 1600 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.

CONTACT:  Maryse Brodeur
          Media Planner
          (418) 683-0913, Ext. 3429
          Vance Oliver
          Manager, Investor Relations
          (418) 683-0913, Ext. 3733

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