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Winners of the third annual HSBC International Business Awards announced


Winners of the third annual HSBC International Business Awards announced

- Companies selected based on achievements in international trade and their global business strategies by independent panel of expert judges in international business -

VANCOUVER, Nov. 8, 2013 /CNW/ - HSBC Bank Canada has announced the winners of the third annual HSBC International Business Awards, celebrating the very best of Canadian companies doing business in the global marketplace.

Drilling equipment that is so modular it can be transported by canoe in Latin America, innovative treatment technology turning wastewater into a useful resource in China, sustainably-sourced BC lumber used to build homes in the US, and leading-edge software used by automaker engineers in India -- all products and services developed by four innovative Canadian companies receiving a 2013 HSBC International Business Award for successfully growing their businesses abroad.

Selected from 11 finalists, the 2013 HSBC International Business Award winners are:


    --  OPAL-RT Technologies - Headquartered in Montreal, QC Awarded
        International Business of the Year - Small to Medium Enterprise
    --  Canfor Corporation - Headquartered in Vancouver, BC Awarded
        International Business of the Year - Large Enterprise
    --  BioteQ Environmental Technologies - Headquartered in Vancouver,
        BC Awarded for
        Leadership in International Trade - Asia-Pacific
    --  Energold Drilling Corp. - Headquartered in Vancouver, BC
        Awarded for
        Leadership in International Trade - Latin America

In addition, Bassett & Walker International, Inc. - a two-time HSBC 
International Business Award winner headquartered in Toronto - was honoured 
with a special Excellence Award for Leadership in International Trade.

Entries were reviewed for technical and business merit by an independent panel 
of experts in international business from Canadian Business, Canadian 
Manufacturers and Exporters, Export Development Canada, the Economist 
Intelligence Unit, the Desautels Faculty of Management at McGill University 
and the Sauder School for Business at the University of British Columbia.

Paulo Maia, President and Chief Executive Officer, HSBC Bank Canada, said: 
"This year's winners represent the best of Canadian companies doing business 
internationally, and we are thrilled to recognize them for successfully 
expanding into the international marketplace.

"We know that companies that do business internationally tend to grow faster 
over the longer-term than companies focused solely on domestic activity.  
However, many Canadian businesses who could export don't because they either 
aren't aware of the opportunities and support available or they don't feel 
confident enough to take advantage of them."

For Canadian businesses looking to grow internationally, HSBC encourages 
looking into markets where there is significant growth.  HSBC research shows 
that the top three markets for Canadian exports are currently the US, China 
and the UK. However, the fastest growing corridors of Canada's export growth 
by 2030 will be Asia and the Middle East.

Commented Maia: "Financial institutions have a crucial role to play in helping 
Canadian businesses to grow through export development, and HSBC is uniquely 
well-placed to do this because we operate in all the key emerging markets 
around the world."

About the 2013 HSBC International Business Award Winners:
All applicants/winners are required to: be majority Canadian-owned (50.1%); be 
headquartered in Canada; generate at least 10% of their revenue from 
activities outside of Canada; and have had minimum sales of C$5 million for 
each of the last two fiscal years.

OPAL-RT Technologies - Montreal, QC Founded in 1997, OPAL-RT is a world 
leading developer of open, Real-Time Digital Simulators and 
Hardware-in-the-Loop testing equipment for many markets.

Those tools are used by engineers and researchers at leading manufacturers, 
utilities, universities and research centres around the world to test before 
they build cars, planes, boats, motors, and electric networks.

While in the past, simulation tools were expensive and used only by rich 
industries, OPAL-RT has decided to democratize the use of those tools by 
integrating commercial off-the-shelf technologies in its systems. Today, all 
engineers can now afford to use simulation tools for their developments. 
www.opal-rt.com

Canfor Corporation - Vancouver, BC
Canfor is one of the world's largest and most respected integrated forest 
products manufacturers. Canfor products are found in every corner of the 
globe, and it has been a leader in opening up markets for BC wood in China. 
Canfor has more than 5,000 employees and operations in BC, Alberta, Quebec, 
and the United States. It produces more than 5 billion board feet of softwood 
lumber a year and has a majority interest in Canfor Pulp Products, a leading 
North American supplier of NBSK pulp and high-performance kraft paper.  
www.canfor.com

BioteQ - Vancouver, BC
This previous HSBC International Business Awards finalist's capabilities are 
in recovering dissolved metals and in removing sulphates from water 
contaminated by mining, metallurgical operations and power generation.  
Vancouver-based BioteQ develops proprietary process technologies to treat 
wastewater to comply with water quality regulations for re-use or safe 
discharge to the environment. Its technologies selectively recover metals to 
produce by-products with commercial value and reduce or eliminate residual 
waste. By generating revenue through the sale of recovered metals and reducing 
the environmental liabilities created by contaminated wastewater, BioteQ's 
technologies can lower the life cycle costs for water treatment. www.bioteq.ca

Energold Drilling Corp. - Vancouver, BC
A two-time finalist in the HSBC International Business Awards, Vancouver-based 
Energold is one of the world's largest specialty drilling solutions companies, 
servicing the minerals and energy sectors in 24 countries. Known for its 
award-winning drilling rigs, which are powerful yet highly mobile due to their 
modular nature, their specialty line of equipment can be delivered to remote 
sites by donkeys, canoes, and manual labor, bypassing the need for road and 
infrastructure to save clients time and money. Active in the Americas, Africa 
and Asia, it operates over 250 rigs (up from just six in 2006) and employs 
over 2,400 people at peak season, providing social benefits in the frontier 
areas it services while minimizing impact on environments.  www.energold.com

Bassett & Walker International, Inc. (BWI) - Toronto, ON
A two-time winner of an HSBC International Business Award, BWI procures and 
sells agricultural commodities such as meat, fish, dairy and vegetable protein 
products, and derivative products. The firm serves as a principal buyer and 
seller of these goods in order to control and keep quality, competitive prices 
and delivery fulfilment. The 21-year-old Toronto based company has offices in 
Brazil, Australia, China and the United States, and business relationships in 
more than 55 countries.

BWI alleviates all producer and processor risks associated with international 
trade and tailors solutions for every client. Its proprietary technology 
accelerates trade transactions by providing clients with instantaneous market 
intelligence, documentation, account information and shipment tracking. 
www.bassettwalkerinc.com

About HSBC Commercial Banking
For nearly 150 years, we have been where the growth is, connecting customers 
to opportunities. Today, HSBC Commercial Banking serves businesses ranging 
from small enterprises to large multinationals in over 60 developed and 
faster-growing markets around the world. Whether it is working capital, trade 
finance or payments and cash management solutions, we provide the tools and 
expertise that businesses need to thrive. With a network covering three 
quarters of global commerce, we make HSBC the world's leading international 
trade and business bank.

About HSBC Bank Canada
HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading 
international bank in Canada. With around 6,600 offices in over 80 countries 
and territories and assets of US$2,723bn at 30 September 2013, the HSBC Group 
is one of the world's largest banking and financial services organizations.
    

SOURCE HSBC Bank Canada

Media Enquiries:

Sharon Wilks Head of Media Relations HSBC Bank Canada (416) 868-3878 Aurora Bonin Senior Manager, Public Affairs HSBC Bank Canada (604) 641-1905

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2013/08/c5626.html

CO: HSBC Bank Canada ST: British Columbia NI: FIN ENT

-0- Nov/08/2013 13:00 GMT

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