EcoSynthetix Ranks Tenth on Deloitte's 2012 Technology Fast 500™ Program
- EcoSynthetix wins latest in a series of industry honours including Ernst &
Young Ontario Entrepreneur of the Year in Cleantech and Deloitte's Technology
Green 15™ and Technology Fast 50™ -
BURLINGTON, ON, Nov. 16, 2012 /CNW/ - EcoSynthetix Inc. (TSX: ECO) today
announced it has been awarded tenth place on Deloitte's Technology Fast 500™
across North America and second place on Deloitte's Technology Fast 50™ in
Canada. The programs rank the 500 technology, media, telecommunications, life
sciences and clean technology companies in North America and the top 50
Canadian technology companies with the fastest revenue growth rates over a
five-year period. EcoSynthetix's increase in revenues of 25,327 percent from
2007 to 2011 resulted in its tenth and second place rankings, respectively.
The Company was recognized at an awards ceremony on November 13, 2012, in
"Our technology is the only one we know of where customers do not have to pay
up or trade product performance for sustainable benefits. It provides cost
savings to our customers and replaces petroleum-based products with a
bio-based alternative," said John van Leeuwen, Chief Executive Officer of
EcoSynthetix. "By providing our customers with sustainable advantages at a
stable and lower price than petroleum-based alternatives we are setting a
standard that supports their long-term growth."
The Technology Fast 500™ is the latest in a series of industry honours
EcoSynthetix has been awarded. Deloitte also named EcoSynthetix a winner of
its 2012 Canadian Technology Green 15™, for the second consecutive year, in
recognition of its technology that promotes a more efficient use of the
earth's resources. Last month John van Leeuwen and Steven Bloembergen,
co-founders of EcoSynthetix, won the Ontario Ernst & Young Entrepreneur of the
Year(®) award in the Cleantech category. The Entrepreneur of the Year winners
are chosen based on a number of factors, including their vision, leadership,
financial performance and social responsibility.
About EcoSynthetix Inc. (www.ecosynthetix.com)
EcoSynthetix Inc. is a renewable chemicals company specializing in bio-based
products that can be used as inputs in industrial manufacturing for a wide
range of consumer products. The Company's products offer a reduced carbon
footprint and are marketed primarily on the basis of lower cost, stable
pricing and equal or superior performance. EcoSynthetix's lead product,
ECOSPHERE BIOLATEX(®) binders, is used commercially by a number of the global
top 20 manufacturers in the coated paper and paperboard industry.
About Deloitte's 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of
the fastest growing technology, media, telecommunications, life sciences and
clean technology companies - both public and private - in North America.
Technology Fast 500 award winners are selected based on percentage fiscal year
revenue growth from 2007 to 2011.
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.
Media Relations Ryan McMenamie EcoSynthetix Inc. Phone: (289) 288-5014
Investor Relations Ross Marshall TMX Equicom Phone: (416) 815-0700 (Ext.238)
SOURCE: EcoSynthetix Inc.
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