TSX-V: HEO
Alternext: MNEMO: ALHEO
QUEBEC CITY, Nov. 14, 2013 /CNW Telbec/ - (TSXV: HEO) - H2O Innovation Inc. ("H2O Innovation" or the "Company") has been rewarded three times in the
2013 Deloitte Technology Fast 50™ program, renewing the success of its
three previous years. H2O Innovation ranks 36th among the Deloitte Technology Fast 50™ ranking, which recognizes the 50 fastest growing Canadian technology companies
with the highest percentage of revenue growth over five years. H2O Innovation also wins, for the fifth year in a row, the prestigious Deloitte Technology Green
15™ awards, awarded to companies based on their ability to develop technology
solutions and intellectual property that promote a more efficient use
and re-use of the earth's resources. Finally, H2O Innovation ranks 341th on Technology Fast 500™, Deloitte's annual ranking of the 500 fastest growing technology media,
and telecommunications companies in the United States and Canada.
Launched over 15 years ago, the Technology Fast 50™ program recognizes
the world-class achievements and tremendous evolution of the Canadian
technology sector. The program augments the broader Deloitte North
American Technology Fast 500™, as winners are eligible for this
prestigious ranking.
"For the last two years, we have focused on reaching operational
excellence for the purposes of improvement of profitability. Moreover,
we have taken certain actions in order to solidify our business model
and to stabilize our operations. Today, I am convinced that we are
better equipped and ready to begin a new phase of organic growth and
through strategic acquisitions", declared Frédéric Dugré, President and CEO of H2O Innovation.
To qualify for the Deloitte Technology Fast 50™ ranking, companies must
have headquarters in Canada, have been in business for at least five
years, have revenues of at least $5 million, own proprietary
technology, and conduct research and development activities in Canada.
To qualify for the Technology Green 15™ awards, companies must develop
Canadian-based intellectual property that has the potential to achieve
global leadership. They must deliver solutions that offer a compelling
return on investment for customers and encourage widespread
commercialization of the technology. They must create a measurable
reduction of their customers' environmental footprint and energy usage.
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™ - Recognizing the broad and evolving spectrum of technology companies
in Canada, the Technology Fast 50™ program has grown to include four
awards categories: the Technology Fast 50™ ranking, Companies-to-Watch
awards (Canadian technology companies in business less than five years
that have the potential to be a future Technology Fast 50™ candidate),
Technology Fast 50™ Leadership awards (companies that demonstrate
innovation, leadership and are the elite members of the Canadian
technology industry), and the Technology Green 15™ awards (companies
chosen based on their ability to develop technology solutions and
intellectual property that promote a more efficient use and re-use of
the earth's resources.) Technology Fast 50™ sponsors include Deloitte,
Bennett Jones, and OMERS Ventures. For further information, visit www.fast50.ca.
About H2O Innovation
H2O 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. H2O 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.
