Mississauga, Ontario - November 17, 2021 — Stromcore Energy received a Clean Technology award, a new awards category in the Technology Fast 50 program that recognizes Canada’s top clean innovators providing processes, goods or services that reduce environmental impacts. The winning companies are ranked by their revenue-growth percentage over their last four years of operation, proving minimum revenues of $50,000 in 2017 and $5 million in 2020.
Stromcore's CEO Maxime Vidricaire, credits the company’s proprietary modularized battery innovation that leverages smart data analytics with the company’s more than 100 percent revenue growth. Mr. Vidricaire said, “We knew it was critical to rethink batteries in this industry and build something that makes lithium batteries stand out from the legacy options, including the carbon emitting combustion forklifts. Building a modular lithium battery system has nearly eliminated all downtime, greatly increased the safety of our battery systems, and their cloud connected integrations means that our customers can gain new insights into their operations. We are proud to be part of this special cohort of clean energy award recipients and hope that our growth story in the cleantech space can inspire other companies and entrepreneurs to join as well.”
“We’re delighted to recognize Clean Technology winners, the program’s newest category. These outstanding companies are amongst the elite of Canada’s technology sector as clean innovators helping create a more resilient and sustainable future for the environment,” stated Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “With reduction of our carbon footprint and environmental impact of paramount importance, this new category awards innovators spearheading the clean technology movement, creating the sustainable business and technology landscape of the future.”
Eligibility in the Clean Technology category requires applicants to meet the same criteria as for Technology Fast50 nominees except they must have a minimum revenue of $50,000 in 2017 and $5 million in 2020. The majority of the companies’ revenues must come from products or services that have a positive environmental impact in the following areas: carbon emissions reduction potential, resources circulation (reduce, reuse and recycle), or environmental preservation and safety.
About the Deloitte Technology Fast 50™ program
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features distinct categories, including the Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying technology companies in the United States and Canada. The 2021 program sponsors include Deloitte, RBC, EDC, Miller Thomson, Clarity Recruitment, and Lafond. For further information, visit www.fast50.ca
About Stromcore Energy
Stromcore, a lithium battery manufacturer based out of Ontario, designs and manufactures advanced lithium battery solutions for the material handling industry. The firm implements the latest in Electric Vehicle (EV) technology and is redefining productivity in forklifts with ever faster charge rates, longer run times, remote monitoring and servicing, active heating for freezers, and increased cycle life and energy efficiency. As the leader in lithium battery technology in material handling, Stromcore is helping pave the way for a more sustainable future. For further information, visit www.stromcore.com