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.