For the third time in a row, H2O Innovation rewarded three times in the 2012
Deloitte Technology Fast 50™ program
Alternext: MNEMO: ALHEO
QUEBEC, Nov. 14, 2012 /CNW Telbec/ - (TSXV: HEO) - H(2)O Innovation Inc.
("H(2)O Innovation" or the "Company") has been rewarded three times in the
2012 Deloitte Technology Fast 50™ program, renewing the success of its two
previous years. H(2)O Innovation ranks 34(th) among the Deloitte Technology
Fast 50™, which recognizes the 50 fastest growing technology companies in
Canada, based on the percentage of revenue growth over five years. H(2)O
Innovation also wins, for the fourth year in a row, the prestigious Deloitte
Technology Green 15™ Award, an award created in 2007 to showcase 15 Canadian
companies that are leading the way to create major breakthroughs in the field
of green technology. Finally, H(2)O Innovation ranks 260(th) on Technology
Fast 500™, Deloitte's ranking of 500 of the fastest growing technology
media, telecommunications, life sciences and clean technology companies in
Now in its 15(th) year, the Deloitte Technology Fast 50™ program recognizes
leaders in the Canadian technology industry and tracks the successful growth
of Canadian-grown global leaders. The program augments the broader Deloitte
North American Technology Fast 500™ initiative, with winners automatically
eligible for this elite ranking.
"Sustained growth is not easy - it comes with a lot of challenges and pressure
on our organisation. But we have been able to cope with all these complexities
and successfully execute our projects through hard work, team effort and
focus. The financial results of the first quarter of our fiscal 2013, which
were released yesterday, acknowledge this growth, and our company's
profitability reflects our strategic realignment and increased
accountability", declared Frédéric Dugré, President and CEO of
"Canadian Fast 50 companies innovate, demonstrate entrepreneurship, create
jobs, and invest in R&D," said Richard Lee, National Leader, Technology, Media
& Telecommunications Industry Group, Deloitte. "H(2)OInnovation is an
example of a company that shows passion, determination and drive that are so
important for growth in the Canadian technology sector."
"The 2012 Technology Fast 500™ winners are true leaders who leverage their
entrepreneurship and technological innovation to achieve strong growth. Their
commitment and leadership continue to transform the technology sector,"
Richard Lee added.
To qualify for the Deloitte Technology Fast 50™ ranking, companies must have
been in business for at least five years, have revenues of at least $5
million, be headquartered in Canada, own proprietary technology, and conduct
research and development activities in Canada. A panel of industry experts
evaluate and judge companies based on four key criteria: competitive
advantage; size, growth, and market attractiveness; management effectiveness
and organization; and financial performance.
To qualify for the Technology Green 15™ Award, candidates must be
headquartered in Canada and devote a significant portion of their operating
revenues to creating proprietary technology and/or intellectual property.
In order to be eligible for Technology Fast 500™ recognition, companies must
own proprietary intellectual property or technology that is sold to customers
in products that contribute to a majority of the company's operating revenues.
Companies must have base-year operating revenues of at least $50,000 USD or
CD, and current-year operating revenues of at least $5 million USD or CD.
Additionally, companies must be in business for a minimum of five years, and
be headquartered within North America.
About the Deloitte Technology Fast 50™ - The Deloitte Technology Fast 50™
program is Canada's pre-eminent technology awards program. Celebrating
business growth, innovation and entrepreneurship, the program features four
distinct categories including the Technology Fast 50™ Ranking,
Companies-to-Watch Awards (early-stage Canadian tech companies in business
less than five years, with the potential to be a future Deloitte Technology
Fast 50™ candidate,) Leadership Awards (companies that demonstrate
technological leadership in four industry subcategories:
hardware/semiconductor, software, telecommunications and emerging
technologies) and the Deloitte Technology Green 15™ Awards (Canada's leading
GreenTech companies that promote a more efficient use and re-use of the
earth's resources in industrial production and consumption.) Program sponsors
include Deloitte, Gowlings, Wellington Financial, TMX Group, Hub International
HKMB, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For
further information, visit www.fast50.ca.
H(2)O Innovation designs and provides state-of-the-art, custom-built, and
integrated water treatment solutions based on membrane filtration technology
to municipal, energy & natural resources end-users. H(2)O Innovation also
provides a complete line of specialty chemicals and consumables for membrane
filtration and reverse osmosis systems. For more, visit www.h2oinnovation.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) nor the Alternext
Exchange accepts responsibility for the adequacy or accuracy of this release.
Source: H2O Innovation Inc. www.h2oinnovation.com
Contact: Marc Blanchet +1418-688-0170 firstname.lastname@example.org
SOURCE: H2O INNOVATION INC.
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