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All-Canadian Cleantech Index opens Toronto Stock Exchange

Friday, October 23rd 2009 10:34:22am

Media Release
Attention News/Business/National/Energy Reporters and Assignment Editors

All-Canadian Cleantech Index opens Toronto Stock Exchange

Cleantech 10 ™ list pinpoints the top publicly traded Cleantech companies in Canada - next 10 Cleantech list highlights emerging Cleantech leaders of tomorrow

TORONTO, October 23, 2009  - Today, the CEOs of the companies on Corporate Knights' third-annual Cleantech 10™ list and Next 10 Emerging Cleantech Leaders opened the Toronto Stock Exchange. The TSX now has, by its count, the largest number of listed cleantech companies in the world at 122. Corporate Knights has been following cleantech companies since 2007 and highlighting the best investment prospects. The Cleantech 10™ and Next 10 represent Canada's best publicly and privately held companies in the Cleantech realm, and span a range of sectors from global positioning systems to smart grids to solar technology.

This year's Cleantech 10™ outperformed the S&P/TSX Composite by 38 per cent this year (using an unweighted average of the Cleantech 10™'s returns for the past YTD as of October 21). "Canada is first in the world in the number of cleantech stocks we can invest in at home, and the Cleantech 10™ are the best of the crop," says Toby A. A. Heaps, editor-in-chief of Corporate Knights. "The Cleantech Next Ten exemplify a fusion of Canadian inventiveness and enterprise aimed at the bulls-eye of the emerging green economy."

The Corporate Knights Cleantech 10™ was compiled by Corporate Knights Inc. and Cleantech Group LLC, the leading provider of Cleantech indices and information globally.

Cleantech 10 2009

1. Westport Innovations - Vancouver, BC
2. RuggedCom - Woodbridge, ON
3. WaterFurnace Renewable Energy - Fort Wayne, IN
4. Magma Energy Corp. - Vancouver, BC
5. 5N Plus - Montreal, QC
6. Canadian Hydro Developers** - Calgary, AB
7. Carmanah Technologies Corp. - Victoria, BC
8. NEO Material Technologies - Toronto, ON
9. Stantec - Edmonton, AB
10. Hemisphere GPS - Calgary, AB

Source: Corporate Knights Inc. and Cleantech Group LLC

Cleantech Next 10 Emerging Leaders (alpha order), 2009

Cyrium Technologies - Ottawa, ON
Enerkem - Montreal, QC
EnerWorks - Dorchester, ON
Fifth Light Technology - Oakville, ON
General Fusion - Burnaby, BC
Ostara Nutrient Recovery Technologies - Vancouver, BC
SiXtron Advanced Materials - Dorval, QC
Skymeter - Toronto, ON
StormFisher Biogas - Toronto, ON
Vive Nano - Toronto, ON

Cleantech 10 companies off this year’s list include BioteQ Environmental Technologies, Day4Energy, Timminco , and Xantrex. While Xantrex was acquired, the other companies struggled with scale and profitability. New companies on this year’s list—Magma Energy, NEO Material Technologies, Stantec, and Hemisphere GPS—have exciting prospects in geothermal, rare earth metal processing, environmental consulting and design, and precision agriculture.

How was CK Cleantech 10™ determined?


We sought out technology-driven growth companies that have big impacts on resource efficiency and the environment—not simply those re-branding themselves as ‘green.’ A set of 18 screening criteria were applied to all TSX companies that Cleantech Group LLC use for their broad Cleantech Index. While the TSX has a large number of Cleantech stocks, they tend to be younger and smaller, so the screening criteria was applied with some leniency to allow for a rounded out top-ten list. A heavy emphasis was placed on purity (percentage of revenues or income from Cleantech business, and whether or not it’s really ‘clean’) and quality (strategy, management, financial strength, sector leadership). Other key criteria included growth, earnings, liquidity, capitalization, technology/intellectual property, and overall impact.

Cleantech Next 10 Methodology


The Next 10 are selected by an advisory panel of Canada’s foremost authorities on cleantech, based on the following four judging criteria: creativity and original approach, solving a business problem, clear business objective, and best chance of breaking through.

Next 10 Advisory Panel


Tyler Hamilton, Energy Reporter, The Toronto Star
Andrew Heintzman, Co-Founder, Investeco
Denis Leclerc, President and CEO, Québec Cleantech Cluster
Nicholas Parker, Executive Chairman, Cleantech Group LLC
Tom Rand, Director, VCi Green Funds and Practice Lead, Cleantech and Physical Sciences at the MaRS Discovery District
Vicky J. Sharpe, President and CEO, Sustainable Development Technology Canada

**Canadian Hydro Developers (TSX:KHD) is in a pre-acquisition phase with Transalta and is likely to cease trading on the TSX. When this happens, Corporate Knights will update the Cleantech 10.


For further information: see www.corporateknights.ca/cleantech and contact Toby Heaps, Corporate Knights, (416) 203-4674 x1, toby@corporateknights.ca

About Corporate Knights


Founded in 2002, Corporate Knights Inc. is an independent Canadian-based media company focused on prompting and reinforcing sustainable development in Canada.