OTTAWA, ONTARIO — (Marketwire) — 10/19/11 — Panacis is proud to announce that it is a recipient of the prestigious Deloitte Technology Green 15 Award, an award created in 2007 to showcase 15 Canadian companies that are leading the way to create major breakthroughs in the field of green technology. Panacis lithium battery systems are designed for mission critical energy storage for military communications, aircraft, portable emergency lighting systems, solar generated energy storage and electric vehicle applications. The battery systems are being adopted by the U.S. military and the solar power generation industry.
“The Deloitte Technology Green 15 Award recognizes those Canadian companies that offer solutions to global environmental challenges by creating intellectual property and technology that reduce society–s environmental impact,” said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Companies such as Panacis are creating technology solutions that have a significant environmental impact and demonstrate a compelling return on investment, despite facing tough economic times. In doing so, they are helping position Canada as a global leader in the development of commercially viable green technology.”
Panacis CEO Steve Carkner counts the company–s ability to solve challenging technical problems and work closely with customers as among the main reasons for its early success in renewable energy storage. Its ground-breaking reusable lithium battery technology was initially hardened for mission critical U.S. military applications, focusing on low weight, modular design and long life. Today, the energy storage systems designed by Panacis range in size from tiny hand-held packs to systems weighing over a ton, each delivering unprecedented high reliability and high capacity storage performance for a range of highly specialized applications. The Panacis Medical Pack, for example, is designed for powering artificial hearts, while the Community Energy System provides reliable back-up power to communities that generate their own solar power. Unlike other battery products, Panacis systems are “smart,” allowing the battery packs to “talk” to each other to ensure that enough power is stored at all times and that, in the event of a single cell failure, the remainder of the system will adjust to continuously provide the required output.
“Renewable energy is very important, but renewable energy storage is equally critical. When the U.S. military first expressed interest in our batteries, they asked if we were ready to take on some very difficult challenges. We took those challenges on, and now we–re honoured to be receiving the Deloitte Technology Green 15 Award as a result,” said Carkner. “We have a portfolio of dozens of patents and a fast-growing order book. With the surging interest in renewable energy storage, we–re poised to be one of Canada–s green success stories.”
About the Deloitte Technology Green 15 – The Technology Green 15 recognizes Canada–s leading GreenTech companies. GreenTech, the industry term for “green technologies”, is taking on greater importance in the world in general, and the world of business in particular. It includes any technology that promotes a more efficient use and re-use of the earth–s resources in industrial production and consumption. GreenTech products and services are designed to reduce or eliminate environmental impacts and improve operational performance, productivity, or efficiency while reducing costs, inputs, energy consumption, waste, or pollution. Although many companies within GreenTech industry sectors are very different, they share a common trait: all use new, innovative technology to create products and services that compete with existing products and services on price and performance while reducing impact on the environment.
About the Deloitte 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 four distinct categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50 candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15 Awards (Canada–s leading GreenTech companies that promote a more efficient use and re-use of the earth–s resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, Wellington Financial, TMX Group, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit .
About Panacis () — Fuelled by a spirit of innovation and creative, talented and passionate employees, Panacis is a leading global provider of advanced energy storage systems based on lithium polymer and other rechargeable technologies that help its customers realize their ideas and speed them to market. With comprehensive engineering capabilities that include advanced batteries, power systems, wireless, and electromechanical design, Panacis is a turn-key provider of research, design and manufacturing systems to meet unique energy storage challenges. Excelling at producing prototype and low-volume products and then ramping those products into high volumes, Panacis continues to bring innovation to product designs as they reach production. With a diverse set of suppliers and manufacturing partners, Panacis is able to bring its in-house manufacturing capabilities to solving renewable energy storage problems in the medical, industrial, consumer and defence markets.
Image samples are available at the following address:
High resolution versions available on request from
Contacts:
To arrange media interviews:
Tim Redpath
Train of Thoughts
Cell: (613) 293-9310