Iridian Spectral Technologies

Iridian Spectral Technologies

December 02, 2010 20:57 ET

Iridian Spectral Technologies Limited

OTTAWA, CANADA--(Marketwire - Dec. 2, 2010) - Iridian Spectral Technologies Limited was named today as the winner of the 2010 Canada Export Achievement Award for the Province of Ontario. The award is given annually and sponsored by PROFIT magazine together with EXPORT DEVELOPMENT CORPORATION (EDC). Iridian, an Ottawa based manufacturing company, exports over 99% of its products and the company has achieved dramatic growth in the last three years.

Iridian manufactures optical coatings and thin film filters. These are used in a wide range of industries such as fiber optic communications, spectroscopic instrumentation, 3D cinema and many others. All these markets have shown significant growth and the fastest growth has been in 3D cinema products where the company manufactures both filter wheels for the 3D projectors and the special glasses that are needed.

Presented by Export Development Canada and PROFIT Magazine, the Canada Export Achievement Awards celebrate the spirit and strategies of Canadian small and mid-sized enterprises that are succeeding in foreign markets. Complete profiles of the 2010 winners are published in the December 2010 issue of PROFIT Magazine and online at www.exportawards.ca and www.prixexport.ca

The international success of the Canada Export Achievement Award winners should inspire companies of all shapes and sizes to consider the expansion opportunities offered by the global marketplace," says Ian Portsmouth, Editor and Associate Publisher of PROFIT. "And their stories provide valuable guidance on how to develop a vibrant export business while minimizing the unique challenges of selling abroad."

"The global economic crisis has provided an important reminder about the value of market diversification to the bottom line of your business, and this year's award winners are fitting case studies to that effect," said Eric Siegel, President and CEO of EDC. "Through their business and trade ingenuity, they showed how market diversification can help you not only weather a downturn, but thrive and gain market share. EDC congratulates all of the winners and hopes that others will learn from their success stories."

IRIDIAN was founded in 1998 as a spin-off from the National Research Council of Canada. Today it has about 130 employees and competes globally with exports to the United States, Europe, China, Korea and Japan. Iridian's capability ranges from the production of very high volumes of coated optical components to special projects such as providing filters for space observation instruments. The company expects to continue expansion and diversification in all market areas. More detail on the company can be found at www.iridian.ca

Export Development Canada (EDC)is Canada's export credit agency, offering innovative commercial solutions to help. Canadian exporters and investors expand their international business. EDC's knowledge and partnerships are used by more than 8,300 Canadian companies and their global customers in up to 200 markets worldwide each year. EDC is financially self-sustaining, a recognized leader in financial reporting and economic analysis, and has been recognized as one of Canada's Top 100 Employers for nine consecutive years.

PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 28 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at www.profitguide.com.

Contact Information

  • Iridian Spectral Technologies Ltd.
    Nikki Bulgarea
    Manager Sales & Marketing
    613-741-4513 ext.266
    Cell: 613-263-2992