Vancouver, November 16, 2016 - Cooledge Lighting Inc. wins Deloitte Technology Fast 50TM award recognizing the company as the second fastest growing technology organization in Canada. This award acknowledges entities that have demonstrated bold innovation, dedicated leadership and strong growth in their respective industries. Cooledges 2nd place finish was achieved with revenue growth of 16,966 % from 2012 to 2015.
The Deloitte Technology Fast 50TM program celebrates leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown enterprises. The program augments the broader Deloitte North American Technology Fast 500™ initiative with winners automatically eligible for this elite ranking.
“The company is honored to be recognized as a Deloitte Technology Fast 50TM company” said Cooledge CFO, Edwin Fok. “This is a significant achievement in Cooledges short history and given the highly competitive landscape of technology innovators across the country, we are proud to be recognized in such prestigious company.” Cooledge credits the burgeoning demand for the companys groundbreaking surface illumination technology and an outstanding team in propelling the growth trajectory of the organization. Mr. Fok adds “While the adoption of LEDs has improved the control, quality, and efficacy of lighting, the delivery remains whetted to the light source and limited to traditional form factors. In contrast, Cooledge offers a holistic approach that integrates light directly into architectural surfaces opening up opportunities to create more dynamic and immersive experiences of space."
Fast 50TM 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 todays world, but also shape tomorrows.”
To qualify for the Deloitte Technology Fast 50TM 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 the Deloitte Technology Fast 50TM – The Deloitte Technology Fast 50TM program is Canadas pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features three distinct categories including the Technology Fast 50TM Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than four years, with the potential to be a future Deloitte Fast 50TM candidate) and in the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Aequitas NEO Exchange, Bank of Montreal, Bennet Jones, OMERS Ventures and Vistara Capital Partners. For further information, visit www.fast50.ca.
Cooledge is a leading provider of luminous surface products for architectural design. The company has developed multiple offerings of proprietary lighting technologies that can be seamlessly integrated into all forms and scale of the built environment enabling surfaces in lieu of light points for general illumination. Cooledges surface illumination capabilities are deployed in retail, office, hospitality, and entertainment venues for both new and retrofit building applications. With headquarters in Vancouver, Canada, the companys portfolio is supported through a premiere network of sales agencies and partners in North America, Europe, the Middle East and Asia. For more information, visit www.cooledgelighting.com or follow us on Twitter @CooledgeLtg.
For more information contact:
Cooledge Lighting Inc.
120-13551 Commerce Parkway
Richmond, BC V6V 2L1
(604) 273.2665 x 214