Skymeter Corp

Skymeter Corp

October 13, 2010 14:39 ET

Skymeter Corp Has Been Selected as One of Canada's Top 10™ Competition Winners

TORONTO, ONTARIO--(Marketwire - Oct. 13, 2010) - The 2010 winners of the annual Canada's Top 10™ Competition have been selected ( Winners will gather on October 13-14 in Montreal hosted by Presenting Sponsor Borden Ladner Gervais LLP (BLG) for the official announcement and to hone their presentation skills, meet with local and regional investors, and prepare for the first leg of the 2010 Investment Forum series, which will consist of stops in Silicon Valley and Boston.

Ontario-based Skymeter Corp, founded in 2006, was selected as one of the Top 10™ Cleantech companies. Skymeter offers businesses a metering service to automatically bill drivers based on their use of vehicles, parking or roads. This allows driving to follow the lead of other utilities such as water and electricity, and transition from unmetered to metered billing. As drivers pay per use for services like parking, leasing, insurance, car sharing, emissions and roads, they drive smarter, and greenhouse gas emissions fall.

Skymeter CEO, Kamal Hassan, says "it is an honor to receive this award, and of course we are pleased. We are eager to see the results of our work adopted here in Canada. While we have orders from Europe, businesses here seem slower to offer innovative clean technology – perhaps because consumers and governments are slower to demand it. Slow local adoption holds back local investors. We believe the Top 10™ award will make a significant difference.."

Competition winners participate in a series of investment forums in select cities across the U.S. Developed together with key sponsors, partners and the Canadian consulates in each city, the forums expose the Top 10™ companies to an exclusive opportunity to present to top tier U.S. and Canadian venture capitalists and potential strategic partners in a series of invitation only events.

Since their selection, current winners and alumni have secured over $600 million in disclosed venture capital financing. Kamal Hassan continues "It is not easy to start a company and get it ready for venture financing. We have been lucky to have the support of private investors from Canada and abroad, Ontario government programs like the Investment Accelerator Fund, and the team at MaRS ( to get us ready for this competition, and VC investment."

"I continue to be impressed by the quality of companies that I see coming out of Canada," says Bernhardt Zeisig, Partner, Cycle Ventures LLC. "Because of programs like this, I get to review companies that I would normally not see. This competition is an effective way to put companies in front of investors like us."

About Skymeter Corp:

Skymeter Corporation is a Toronto, Canada-based transport metering services company. Their customers can bill drivers for the time, distance and place of their parking, leasing, insurance, car sharing, emissions and road use. The drivers get the benefit of a system that automatically sends them a monthly bill,. For more on Skymeter, please visit:

About the Canada's Top 10™ Competition:

The vision for the Canada's Top 10™ is to be Canada's premier investment oriented competition by selecting the best potential investments in Canada for investors and providing high value added services to companies to increase their chances of success, both as they source investment and as they grow and compete in the global environment. Since its inception, competition alumni have secured more than $600M in venture capital financing.

Contact: Marco Fiori, Corp Development, 1-613-828-6274 x133,

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