QUEBEC CITY, Sept. 23, 2010 /CNW Telbec/ - H2O Innovation Inc. ("H2O Innovation" or the "Company") (TSX VENTURE:HEO)(ALTERNEXT:MNEMO:ALHEO) has been twice recognized in the Deloitte Technology Fast 50™ program.
H2O Innovation ranks 23rd among the Deloitte Technology Fast 50™, recognizing the 50 fastest
growing technology companies in Canada, based on the percentage of
revenue growth over five years, and, for the second year in a row, wins
the Deloitte Technology Green 15™ Award, honouring companies that are
leading the way to create major breakthroughs in the field of green
"We are very proud to rank among Canada's growth leaders in the Deloitte
Technology Fast 50™, besides winning the Deloitte Technology Green 15™
Award for the second time. These awards are a noteworthy
acknowledgement of our long-term growth, and therefore highlight the
importance of developing and following a strategic growth plan, putting
into action a business model strong enough to resist economic jolts but
also flexible enough to seize unexpected opportunities. In addition,
these distinctions value the continuing progress of H2O Innovation since its foundation ten years ago as a manufacturer of
water treatment systems using clean and groundbreaking technologies -
which confirms our leadership in the water treatment industry in
Northern America", stated Frédéric Dugré, President and CEO of H2O Innovation.
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
"The Deloitte Technology Green 15™ Award recognizes those Canadian
companies that offer solutions to global environmental challenges by
creating intellectual property and technology that reduce society's
environmental impact," said John Ruffolo, National Leader, Technology,
Media & Telecommunications Industry Group, Deloitte. "Companies such as
H2O Innovation are creating technology solutions that have a significant
environmental impact and demonstrate a compelling return on investment,
despite facing tough economic times. In doing so, they are helping
position Canada as a global leader in the development of
commercially-viable green technology."
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
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, GrowthWorks, TMX Group, Wellington
Financial, HKMB Hub International, National Angel Capital Organization,
CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.
About the Deloitte Technology Green 15™ - The Technology Green 15™ recognizes Canada's leading GreenTech
companies. GreenTech, the industry term for "green technologies", is
taking on greater importance in the world in general, and the world of
business in particular. It includes any technology that promotes a more
efficient use and re-use of the earth's resources in industrial
production and consumption. GreenTech products and services are
designed to reduce or eliminate environmental impacts and improve
operational performance, productivity, or efficiency while reducing
costs, inputs, energy consumption, waste, or pollution. Although many
companies within GreenTech industry sectors are very different, they
share a common trait: all use new, innovative technology to create
products and services that compete with existing products and services
on price and performance while reducing impact on the environment.
About H2O Innovation
Building on 10 years of experience, H2O Innovation designs, manufactures, and integrates state-of-the-art
custom-built water treatment systems for the production of drinking
water, the reclamation of water, the treatment of wastewater and
industrial process water in the municipal, commercial, industrial, oil
& gas, mining, and energy markets. Additionally, the Company offers
complete operating and maintenance solutions for membrane filtration
and reverse osmosis systems. H2O Innovation has approximately 90 employees and eight offices including
three manufacturing plants in Canada and the United States and is a
founding partner of H2O Innovation India, a joint venture based in Mumbai, India. Shares of H2O Innovation are listed on the TSX Venture Exchange (HEO) as well as on
the NYSE Euronext Alternext Exchange (MNEMO: ALHEO). 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.
For further information:
H2O Innovation Inc.