ST. JOHN’S, NEWFOUNDLAND – OCTOBER 20, 2011 – Marport Deep Sea Technologies Inc., a leading marine technology company, announced today that it has been named to the Deloitte Technology Fast 50™ as the 17th fastest growing technology company in Canada.
For over 14 years, the Deloitte Technology Fast 50TM program has tracked the successful growth of Canadian grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50TM augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.
To qualify for the Deloitte Technology Fast 50 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 evaluates and judges companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.
“In spite of the challenging financial market conditions, Canadian technology companies continue to demonstrate impressive innovation, growth and resourcefulness,” said Robert Nardi, Deloitte Partner and Leader of the Technology, Media and Telecommunications Group in Montreal. “We congratulate Marport on being one of the Fast 50 winners and on their determination to drive innovation and continue to grow.”
About the Deloitte Technology Fast 50™
The Deloitte Technology Fast 50TM program is Canada’s pre-eminent technology awards program and celebrates business growth, innovation and entrepreneurship. Program sponsors include Deloitte, Gowlings, Wellington Financial, TMX Group, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.
About Marport Deep Sea Technologies Inc.
Marport is a world leader in the design, development and manufacture of innovative Software Defined Sonar® solutions for commercial fisheries, underwater defence, offshore energy and ocean science. For more information, visit www.marport.com.
For more information on this media release please contact:
Marport Deep Sea Technologies Inc.
709.757.5757 x 242