Posted: Wednesday, November 16, 2016
UrtheCast Corp. (TSX:UR) ("UrtheCast" or the "Company") today announces that it has been awarded the #1 spot on Deloitte's 19th annual Technology Fast 50 program. This prestigious designation has been awarded to UrtheCast for being the fastest growing technology company in Canada in terms of revenue growth over the period 2012 to 2015.
In assessing the factors that led to the company's dramatic revenue growth over the period, UrtheCast's President and CEO Wade Larson credits the company's constant focus on innovation, strong support and commitment from the company's customers, and the incredible passion and dedication of UrtheCast's employees.
"Just as Canada's tech sector is in a period of dramatic growth and innovation, the same is true for the global space sector, where UrtheCast is strongly positioned as a disruptive player in the rapidly-growing markets of Earth Observation and 'big data' geoanalytics. Winning the Deloitte Fast 50 award for fastest revenue growth is a huge achievement," said Larson. "We're delighted and humbled to have won."
"Fast 50 companies are the cutting-edge innovators leading the technology industry in Canada," said Anders McKenzie, Technology, Media and Telecommunications Managing Partner for Deloitte in Canada. "Their bold vision, unrivaled growth and true commitment to innovation allow them to not only improve today's world, but also shape tomorrow's."
To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.
About UrtheCast Corp.
UrtheCast Corp. is a Vancouver-based technology company that serves the rapidly evolving geospatial and geoanalytics markets with a wide range of information-rich products and services. The Company currently operates four Earth Observation sensors in space, including two cameras aboard the International Space Station and two satellites, Deimos-1 and Deimos-2. Imagery and video data captured by these sensors is downlinked to ground stations across the planet and displayed on the UrthePlatform, or distributed directly to partners and customers. UrtheCast is also developing and anticipates launching the world's first fully-integrated constellation of multispectral optical and SAR satellites, called OptiSAR™, in addition to its proposed UrtheDaily™ constellation, which the Company believes will together revolutionize monitoring of our planet with high-quality, medium and high-resolution, and high-coverage and high-revisit imagery in all weather conditions, any time of day. Common shares of UrtheCast trade on the Toronto Stock Exchange as ticker 'UR'.
About Deloitte's 2016 Technology Fast 50™
The Deloitte Technology Fast 50 program is Canada's pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features three distinct categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than four years, with the potential to be a future Deloitte Technology Fast 50 candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Aequitas NEO Exchange, Bank of Montreal, Bennett Jones, OMERS Ventures and Vistara Capital Partners. For further information, visit www.fast50.ca.
For more information, visit UrtheCast's website at www.urthecast.com.
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