British Columbia Technology Industry Association

British Columbia Technology Industry Association

May 18, 2006 14:19 ET

BC Technology Industries Association Announces 2006 Technology Impact Award Finalists; Emerging Environmental Technologies Capture the Attention of the Industry

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 18, 2006) - Today the BC Technology Industries Association (BC TIA) announced the finalists for the 2006 Technology Impact Awards (TIAs). This year's finalists include emerging environmental technology, life sciences companies, Web services and IP telephony providers, and the more traditional information and communications companies. These companies represent a broad spectrum of innovation that reflects the growth and diversity of technology in BC.

"The finalists include technology powerhouses, but this is the first year we've had an unprecedented number of environmental technology companies - that are finding novel ways to reduce emissions, save energy, enable electric vehicles, and address biohazard waste - apply and make it through to the finalist round," said Rob Cruickshank, President of the BC TIA. "We received a record number of applications from companies across the province and each year we see the range and diversity expand. This response is a positive bellwether for the growth and strength of BC's technology industry."

The TIAs are broken into three distinct groups: Technology Awards, Company Awards, and Personal Recognition Awards, with three finalists in each group. This year's finalists are:



Most Promising Pre-Commercial Technology
- Angstrom Power Incorporated (www.angstrompower.com)
- Tidal Photonics Inc.(www.tidalphotonics.com)
- TIR Systems Ltd. (www.tirsys.com)

Excellence in Product Innovation
- Paradigm Environmental Technologies Inc. (www.microsludge.com)
- VeriChip Inc. (www.verichipcorp.com)
- VTech Telecommunications Canada Ltd. (www.vtech.com)

Best Application of Technology
- MacDonald, Dettwiler & Associates Ltd. (MDA) (www.mdacorporation.com)
- RIPE B2B Inc. (www.ripe.ca)
- Swiss Solar Tech Ltd. (www.swisssolartech.com)

Most Promising Start Up
- EQO Communications Inc.(www.eqo.com)
- SXIP Identity Corporation (www.sxip.com)
- WebTrain Communications Inc. (www.webtrain.com)

Emerging Company of the Year
- Ascalade Communications Inc. (www.ascalade.com)
- Delta-Q Technologies Corp. (www.delta-q.com)
- FinancialCAD Corporation (FINCAD) (www.fincad.com)

Team of the Year
- BC Hydro, Distribution Strategic Asset Management (DSAM) Team
(www.bchydro.com)
- TELUS, Quick Win Team (www.telus.com)
- EDS Advanced Solutions, Inc., Revenue Services Team (www.eds.com)

Company of the Year
- Angiotech Pharmaceuticals, Inc. (www.angio.com)
- Teligence. (http://www.teligence.net)
- VCom Inc. (www.vcom.com)


The BC TIA will also present awards for Leadership in Social Responsibility and the Person of the Year at its annual awards gala on Thursday, June 8, 2006, at the Hyatt Regency in Vancouver. Over 800 people will be attending the event.

Since their inception in 1994, the Technology Impact Awards have gained the reputation as the mark of distinction for outstanding leadership, innovation, and technological excellence within BC's diverse technology community.

About the BC TIA

BC Technology Industries Association (BC TIA) is a not-for-profit, member-funded organization that represents start-ups to established technology companies, including those that service the industry, across the province. As the largest and most influential technology association in the province, BC TIA advocates issues that enable the continued growth, prosperity and sustainability of our industry and economy. The association also delivers opportunities for members to learn, get connected and grow their businesses in BC. For more information visit www.bctia.org.

BACKGROUNDER - 2006 Technology Impact Awards

The Technology Impact Awards (TIAs) is the premier awards program devoted to promoting and celebrating innovation and high-tech excellence in the province of British Columbia.

Founded in 1994 by the BC Technology Industries Association (BC TIA), the Technology Impact Awards have gained the reputation as a mark of distinction and a celebration of outstanding leadership, innovation, and technical excellence.

The awards are divided into three distinct categories:

1. Technology Awards

2. Company Awards

3. Personal Recognition Awards

Past technology and company award winners have included globally recognized companies such as Kodak (Creo), Xantrex, Business Objects, and emerging gems with pioneering new technologies such as TIR Systems, VSM MedTech, and Cray Canada.

Winners and Honourees of the Personal Recognition Awards have included Dr. Donald Rix, Amos Michelson, Morgan Sturdy, and Mossadiq Umedaly.

Awards Process

The awards are judged by a panel of twelve individuals who are recognized as experts and leaders in the technology sector. Detailed submissions are provided by interested companies and the judges follow a rigorous process to determine the winners and finalists.

The awards are open to all technology companies within the Province of British Columbia regardless of technology sector or geography. 2006 finalists include companies involved in many diverse technologies, encompassing fuel cells and alternative energy, IP telephony, life sciences, and environmental technologies, as well as the traditional information and communications technology sector. This year submissions were also received from companies on Vancouver Island and in the Okanagan.

Many of the past winners and finalists are companies that have commercialized technologies originating from various educational institutions across the province. The success of these companies illustrates the important role that pure research and technology transfer efforts play in the success of the BC technology industry.

TIA Awards and Award Criteria

Best Application of Technology

This award acknowledges an organization that has utilized technology to enhance and improve its productivity, business processes, operations, sales, marketing, supply chain management, customer service, communications, competitiveness, or business relationships.

Excellence in Product Innovation

This award acknowledges a superior innovation or discovery in an advanced technology. The innovation should demonstrate an alternative solution or a next-stage development in technology, with an eye toward commercialization.

Most-Promising Pre-Commercial Technology

This award acknowledges a pre-commercial innovation in the R&D stage of development that represents an advancement in technology and has the potential to commercialize within five years.

Most Promising Start-up

This award acknowledges an early-stage technology company (less than three years old) with commercially available products that demonstrates significant potential, creativity, and a promising future.

Emerging Company of the Year

This award acknowledges an emerging company (over three years old) that demonstrates outstanding performance as a technology enterprise, has growing revenues, is on track according to its business plan, and has the potential to become a market leader.

Team of the Year

This award acknowledges a team of individuals, working at a non-executive level, who have made a significant contribution to the overall success of their organization during the past year. The team's achievements must be measurable and tangible and are not necessarily limited to the development or delivery of technology.

Leadership in Social Responsibility

This award acknowledges a company that has:

- achieved an exceptional standard of performance in its overall approach to corporate social and/or environmental responsibility, or

- deployed an innovative project, process, or business practice that sets a new standard for social responsibility in the technology sector.

Person of the Year

This award is presented to an individual who has made an outstanding contribution to the technology industry during the past year. Criteria for this award include contribution to the technology industry, reputation, leadership and vision, demonstration of exemplary skills, mentorship, career success, execution style, and international activities.

Company of the Year

The most prestigious of the corporate awards, this award acknowledges a company's supremacy in the technology industry. Winners of this award must show superior business development and generate revenue in excess of $20 million.

Additional information is available at www.bctia.org/awards.

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