Awards

Ottawa, Ontario, October 19, 2011 — Panacis is proud to announce that it is a recipient of the prestigious Deloitte Technology Green 15^TM 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^TM 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.”

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About the Deloitte Technology Green 15TM – The Technology Green 15TM 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 50TM - The Deloitte Technology Fast 50TM 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 50TM 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 50TM candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15TM 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 www.fast50.ca.

About Panacis (www.panacis.com) — 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.

June 1, 2011 — OTTAWA, ON – Panacis, a provider of collaborative product development services and advanced battery power systems, announced today that it has been listed in the 23nd annual PROFIT 200 ranking of Canada’s Fastest-Growing Companies by PROFIT Magazine. Panacis ranked 43rd in the list. This announcement marks the third consecutive year that Panacis has appeared in the PROFIT 200 rankings.

Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country’s most successful growth companies. Published in the Summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada’s largest annual celebration of entrepreneurial achievement. “The PROFIT 200 companies are the innovative, high-growth enterprises Canada needs to compete on the global stage,” says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine. “PROFIT is proud to celebrate their achievements and ambitions, and we encourage all businesspeople to learn more about the many ways they’ve come so far, so fast.”

About PROFIT

PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 29 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.

About Panacis

Panacis is a provider of collaborate product development services and advanced battery solutions. With comprehensive engineering and production capabilities, Panacis enables its customers to conceive and realize their ideas, and accelerate them to market. Collaborating with technology companies, entrepreneurs, and researchers, Panacis develops products for defense, medical, industrial, and consumer markets. A manufacturer of regulated products with an ISO quality management system, its manufacturing facility produces early-stage and low-volume products. Panacis is based in Ottawa and has a research facility in Tucson, Arizona. Visit Panacis online at www.panacis.com.

Contact: Steve Carkner, Panacis, scarkner@panacis.com

June 2, 2010 — OTTAWA, ON – Panacis, a provider of collaborative product development services and advanced battery power systems, announced today that it has been listed in the 22nd annual PROFIT 100 ranking of Canada’s Fastest-Growing Companies. This announcement marks the second consecutive year that Panacis has appeared in the PROFIT 100 rankings. 

Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the PROFIT 100 profiles the country’s most successful growth companies. Published in the June 2010 issue of PROFIT and online at PROFIT100.com,  the PROFIT 100 is Canada’s largest annual celebration of entrepreneurial achievement. “Canada’s Fastest-Growing Companies are the poster children for entrepreneurship, innovation and pure tenacity,” says Ian Portsmouth, editor of PROFIT. “They demonstrate what it takes to succeed in today’s highly competitive, technology-driven global economy.”

“It’s an honor once again to be recognized as one of Canada’s fastest growing companies,” said founder and CEO of Panacis, Steve Carkner. “That we are able to capture this award a second year is due to the tremendous efforts of our staff and the continued loyalty of our customers. We view this as further validation of our maturing business strategy.”

The announcement follows recent news that Panacis acquired key technology assets from former battery engineering firm Lux Aviation Engineering, and subsequently opened a research facility in Tucson, Arizona. “Our recent growth has been fuelled by our track record of innovation, particularly in the field of advanced battery power systems,” said Gregory Bridgett, Chief Operating Officer of Panacis. “With this acquisition we expect to build on our successes and realize our potential to become a leader in this high-growth market.”

About PROFIT

Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 28 years, Canadian entrepreneurs and senior manag­ers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generat­ing positive economic and social change. Visit PROFIT online at www.profitmagazine.ca.

About Panacis

Panacis is a provider of collaborate product development services and advanced battery solutions. With comprehensive engineering and production capabilities, Panacis enables its customers to conceive and realize their ideas, and accelerate them to market. Collaborating with technology companies, entrepreneurs, and researchers, Panacis develops products for defense, medical, industrial, and consumer markets. A manufacturer of regulated products with an ISO quality management system, its manufacturing facility produces early-stage and low-volume products. Panacis is based in Ottawa and has a research facility in Tucson, Arizona. Visit Panacis online at www.panacis.com.

Contact: Steve Carkner, Panacis, scarkner@panacis.com