QUEBEC CITY, Nov. 13, 2013 /CNW Telbec/ - Opsens Inc. ("Opsens") (TSXV:
OPS) is named as one of Canada's fastest growing technology companies
in the Deloitte Technology Fast 50™ awards for technological
innovation, entrepreneurship, rapid growth and leadership, based on the
percentage of revenue growth over five years.
"Canadian Fast 50 companies innovate, demonstrate leadership, create
jobs, and invest in R&D," said Richard Lee, Deloitte's National
Managing Partner, Technology, Media & Telecommunications. "They are
remarkable companies that show dedication, drive and commitment that
are key to growth in the Canadian technology sector."
President and CEO of Opsens, Louis Laflamme, mentions: "Opsens' products
to measure pressure and temperature in extreme environments
differentiate themselves uniquely from what is available in the oil and
gas and the medical markets. In the oil and gas market, Opsens'
products have helped optimize thermal production methods by increasing
efficiency, streamlining costs and improving security. In the medical
device market, Opsens is working toward the 2014 commercial release of
a product for cardiologists, to measure Fractional Flow Reserve ("FFR")
in the treatment of heart blockages. FFR is increasingly used because
studies have shown its benefits for patients, cardiologists and the
health system. FFR is an extraordinary opportunity for Opsens. This
market is growing rapidly and Opsens aims to become the third player.
Penetration of a fraction of this market will have a major impact on
the Company's sales."
Now in its 16th 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.
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 evaluates and judges companies based on
four key criteria: competitive advantage; size, growth, and market
attractiveness; management effectiveness and organization; and
About the Deloitte Technology Fast 50TM - The Deloitte Technology Fast 50TM 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 50TM 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 50TM candidate), Leadership Awards (companies that demonstrate technological
leadership and innovation within the industry) and the Deloitte
Technology Green 15TM 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, Bennett
Jones and OMERS Ventures. For further information, visit www.fast50.ca.
About Opsens Inc. (www.opsens.com) - Focusing on two main growth markets, oil and gas and FFR in medical
instrumentation, Opsens develops, manufactures, supplies and installs
systems for measuring parameters of pressure, temperature and others.
These systems are designed around patented technologies that are
effective and durable in extreme conditions.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements contained in this press release involve known
and unknown risks, uncertainties and other factors that may cause
actual results, performance and achievements of Opsens to be materially
different from any future results, performance or achievements
expressed or implied by the said forward-looking statements.
SOURCE: OPSENS INC.
For further information:
Thierry Dumas, CPA, CA, Chief Financial Officer, Opsens, 418.682.9996
Louis Laflamme, CPA, CA, President and Chief Executive Officer, Opsens, 418.682.9996