Jun 22 2007
Raymor Industries Inc., a leading developer and producer of advanced materials and nanomaterials, is proud to announce that it has been ranked as one of Canada's top emerging public companies as part of the TSX Venture 50 for a second consecutive year and also received the Xerox Outstanding Product Achievement Award.
The TSX Venture Exchange ranked Raymor as one of the top company in the Diversified Industries sector based on the Company's performance over the last 12 months.
The TSX Venture 50 recognizes the 10 best companies in each of the five major industry sectors listed on the TSX Venture Exchange annually: technology, life sciences, mining, oil and gas and diversified industries sectors. This year, among the 2080 companies listed on the TSX Venture Exchange, 629 companies qualified for the TSX Venture 50. All companies were evaluated by an independent market research firm from New York, based on their performance in four categories as of December 31, 2006: revenue, return on investment (ROI), market capitalization growth and trading.
"TSX Venture Exchange provides emerging companies with a special opportunity to participate in the marketplace" said Kevan Cowan, President, TSX Venture Exchange. "TSX Venture 50 allows them to rise above it. By recognizing these companies who are setting the bar, we are bringing great awareness to this dynamic and competitive junior marketplace."
On June 19th Raymor was also honored to receive the Xerox Outstanding Product Achievement Award, presented by Martin Brachant from Xerox, at the 22nd Annual CATA Innovation Awards Gala.
Winners were recognized for their innovation, expertise, and leadership in Canada's advanced technology community.
John Reid, CATA Alliance President said, "These award winners have shown that they are innovators and skilled business people. They are role models for the development of commercially successful enterprises in Canada. CATA's role as their advocate is to ensure that we create a rich foundation of programs and initiatives that enable leading entrepreneurs to launch their products and exploit their new business opportunities.
"Raymor is very proud to be awarded such a prestigious award from Xerox and to be ranked for a second year in a row in the TSX Venture 50 as one of Canada's top emerging companies. This is quite an honor and reflects well upon Raymor's accomplishments in all of its four divisions, in the field of advanced technology and in the investment community." said Stephane Robert, President of Raymor Industries.