updated 4/12/2011 9:16:56 AM ET 2011-04-12T13:16:56

QUEBEC CITY, April 12, 2011 (GLOBE NEWSWIRE) -- EXFO Inc. (Nasdaq:EXFO) (TSX:EXF) announced today that it has been named recipient of the 2011 Frost & Sullivan Global Market Share Leadership Award in the portable fiber-optic test equipment market (FOTE).

According to Frost & Sullivan, a leading global growth consulting firm, EXFO has captured first place in the overall portable FOTE market with a market share of 34.8% in 2010. Some of its key portable FOTE products include the FTB-720 LAN/WAN Access OTDR, the FTB-730 PON FTTx/MDU OTDR, the FOT-5200 CWDM Analyzer and the ConnectorMax Analysis Software, which is fully compatible with EXFO's FIP-400 fiber inspection probe. The company can also count on the proven reliability and portability of its market-dominating FTB-200 and its dedicated FTB-1 platforms.

EXFO's global market presence and the breadth of its portable FOTE portfolio have helped the company establish its brand globally and serve its worldwide customers. Brand recognition is instrumental in the decision-making process, and EXFO has made use of it to the fullest extent.

Moreover, EXFO focuses significantly on the installation and maintenance (I&M) sector and has been developing and deploying superior products on a consistent basis. As such, the company has been experiencing significant growth in the global FOTE market—especially in Asia-Pacific, Latin America and the Middle East, which resulted in an increased addressable customer base.

"Portable test instruments for installation and maintenance applications have always been our biggest focus," said Etienne Gagnon, EXFO's Vice-President, Wireline Division and Corporate Marketing. "Over the years, we have worked hard at bringing customer-valuable innovation, enhancing our brand recognition and increasing our global presence to offer our customers the best product portfolio in the industry. The combination of these factors has helped the company to achieve the no. 1 position in the portable FOTE market."

"Frost & Sullivan notes that EXFO's success in the portable FOTE market segment is attributed to the company's constant drive for excellence, innovation and new product deployment worldwide," said Sujan Sami, Industry Manager, Frost & Sullivan. "EXFO developed and deployed several new products to assist its customers in performing fast and accurate tests. EXFO has shown significant growth in the portable FOTE market segment and is poised to gather even further share from competitors in the future."

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
         Vance Oliver
         Manager, Investor Relations
         (418) 683-0913, Ext. 3733

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