Sustainable Development Technology Canada

Sustainable Development Technology Canada

September 24, 2010 16:21 ET

Surging Cleantech Growth in Canada-Three SDTC-Funded Companies on Deloitte's Fast 50 List

OTTAWA, ONTARIO--(Marketwire - Sept. 24, 2010) - Sustainable Development Technology Canada (SDTC) today congratulated three of its portfolio companies on being named to Deloitte's Fast 50(TM), a prestigious technology awards program, which singles out Canadian companies posting the highest percentage of revenue growth over five years.

Arise Technologies Corporation, a Waterloo-based company producing in high-performance solar-based technology; Tantalus, a Burnaby, BC-based company specializing in smart-grid technologies; and Nexterra Systems Corp., hailing from Vancouver, a leading supplier of biomass gasification systems that generate clean, low cost renewable heat, power and synthetic gas from biomass fuels — are all companies who have received funding from SDTC as part of their commercialization process.

"SDTC would like to congratulate Arise Technologies Corporation, Tantalus, and Nexterra Systems Corp. for demonstrating the real need for new, Canadian clean technologies in the marketplace," said Dr. Vicky Sharpe, President and CEO of SDTC. "The global market for cleantech is massive – the rapid growth of each of these companies is proof positive that global buyers are ready to embrace Canadian clean technology."

"SDTC invests in clean technology projects to help companies take that final step to commercialization and sales", added Dr. Vicky Sharpe. "These awards demonstrate that early strategic investments like those made by SDTC are the tipping point that leads to tangible results in sales, in market presence and in cleaner technologies being deployed as part of regular business processes across Canada."

ARISE Technologies Corporation, ranked #11 in Deloitte's Fast 50(TM) with 2777% growth, has been recognized for the second time by the Deloitte Fast 50(TM) is a leader in high-performance, cost-effective, solar technology.

Tantalus, ranked 31st with 681% growth, developed Smart Grid technology used by utilities throughout Canada and the U.S., to automate energy management applications.

Nexterra Systems Corp. ranked 37th, with 509% growth, is a leading supplier of biomass heat and power systems that offer low lifecycle costs, high efficiency, greater fuel flexibility and lower air emissions compared to conventional biomass solutions. Nexterra has also been named as a member of the 2010 Deloitte Technology Green 15, which honours fifteen companies that are leading the way in the field of green technology.

To qualify for the Deloitte Technology Fast 50(TM) ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance. 

About SDTC

Sustainable Development Technology Canada (SDTC) is an arm's-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government's commitment to create a healthy environment and a high quality of life for all Canadians. SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund(TM) supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund(TM) supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.

Contact Information

  • SDTC
    Patrice Breton
    Director, Communications
    613-234-6313 ext. 295