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EcoSynthetix Ranks Tenth on Deloitte's 2012 Technology Fast 500(TM) Program
BURLINGTON, ON, Nov. 16, 2012, 2012 (Canada NewsWire via COMTEX) --
- EcoSynthetix wins latest in a series of industry honours including
Ernst & Young Ontario Entrepreneur of the Year in Cleantech and
Deloitte's Technology Green 15TM and Technology Fast 50TM -
EcoSynthetix Inc. (TSX: ECO) today
announced it has been awarded tenth place on Deloitte's Technology Fast
500TM across North America and second place on Deloitte's Technology
Fast 50TM in Canada. The programs rank the 500 technology, media,
telecommunications, life sciences and clean technology companies in
North America and the top 50 Canadian technology companies with the
fastest revenue growth rates over a five-year period. EcoSynthetix's
increase in revenues of 25,327 percent from 2007 to 2011 resulted in
its tenth and second place rankings, respectively. The Company was
recognized at an awards ceremony on November 13, 2012, in Toronto.
"Our technology is the only one we know of where customers do not have
to pay up or trade product performance for sustainable benefits. It
provides cost savings to our customers and replaces petroleum-based
products with a bio-based alternative," said John van Leeuwen, Chief
Executive Officer of EcoSynthetix. "By providing our customers with
sustainable advantages at a stable and lower price than petroleum-based
alternatives we are setting a standard that supports their long-term
growth."
The Technology Fast 500TM is the latest in a series of industry honours
EcoSynthetix has been awarded. Deloitte also named EcoSynthetix a
winner of its 2012 Canadian Technology Green 15TM, for the second
consecutive year, in recognition of its technology that promotes a more
efficient use of the earth's resources. Last month John van Leeuwen and
Steven Bloembergen, co-founders of EcoSynthetix, won the Ontario Ernst
& Young Entrepreneur of the Year(®) award in the Cleantech category. The Entrepreneur of the Year winners
are chosen based on a number of factors, including their vision,
leadership, financial performance and social responsibility.
About EcoSynthetix Inc. (www.ecosynthetix.com)
EcoSynthetix Inc. is a renewable chemicals company specializing in
bio-based products that can be used as inputs in industrial
manufacturing for a wide range of consumer products. The Company's
products offer a reduced carbon footprint and are marketed primarily on
the basis of lower cost, stable pricing and equal or superior
performance. EcoSynthetix's lead product, ECOSPHERE BIOLATEX(®) binders, is used commercially by a number of the global top 20
manufacturers in the coated paper and paperboard industry.
About Deloitte's 2012 Technology Fast 500TM
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a
ranking of the fastest growing technology, media, telecommunications,
life sciences and clean technology companies - both public and private
- in North America. Technology Fast 500 award winners are selected
based on percentage fiscal year revenue growth from 2007 to 2011.
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.
SOURCE: EcoSynthetix Inc.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2012/16/c8774.html
SOURCE: EcoSynthetix Inc.
Media Relations Ryan McMenamie EcoSynthetix Inc. Phone: (289) 288-5014
E-mail:rmcmenamie@ecosynthetix.com Investor Relations Ross Marshall TMX Equicom
Phone: (416) 815-0700 (Ext.238) E-mail:rmarshall@tmxequicom.com
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