5.10.2005: Dynetek Industries Ltd. Named One of Canada"s Fastest Growing Technology Companies
Dynetek Industries Ltd. ("Dynetek"), Calgary, Canada, a leader in developing, producing and marketing lightweight compressed hydrogen storage cylinders and compressed natural gas storage (CNG) cylinders, announced today it has been named to Deloitte"s prestigious Canadian Technology Fast 50, the annual program which recognizes excellence, innovation and the fastest growing tech companies in Canada. Rankings are based on percentage of growth in fiscal year revenues over five years, from 2000-2004.
"We are very proud to be recognized again by Deloitte in this select group of Canadian companies," said Robb Thompson, President and CEO of Dynetek Industries Ltd. "It is very satisfying to develop a technology from its infant stage to domestic commercialization to world wide acceptance. Dynetek was able to recognize a need in the alternative energy market and successfully design, manufacture and market a lightweight storage solution for compressed gases on a global basis. Dynetek"s increase in revenues of 341 percent from 2000 to 2004 resulted in a 30th ranking in the Canadian Technology Fast 50."
"Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Dynetek for making the commitment to technology and delivering on the promise of market longevity," said Gary Foster, National Director, Technology, Media & Telecommunications, Deloitte. "We are proud to honour Dynetek as a Deloitte Technology Fast 50 winner."
Winners of the regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America"s top 500 fastest growing technology companies. For more information on the Fast 50 or Fast 500 programs visit www.fast50.ca or www.fast500.com.
Dynetek Industries Ltd. designs, produces and markets one of the lightest and most advanced fuel storage and refueling systems for compressed natural gas, low emission vehicles and compressed hydrogen, zero-emission fuel cell vehicles. Dynetek is recognized around the world for its solutions-of-choice to the alternate fuel vehicle sector, evidenced by strategic relationships with major manufacturers around the globe. Dynetek is listed on the Toronto Stock Exchange, symbol: DNK.
Deloitte, one of Canada"s leading professional service firms, provides audit, tax, consulting and financial advisory services through more than 6,100 people in 47 offices. Deloitte operates in Quebec as Samson Belair/Deloitte & Touche s.e.n.c.r.l. The firm is dedicated to helping its clients and its people excel. Deloitte is the Canadian member firm of Deloitte Touche Tohmatsu. Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other"s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Source: Dynetek Industries Ltd.