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 financial performance.
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