Awards
Panacis Named to 22nd Annual PROFIT 100 Ranking of Canada’s Fastest-Growing Companies
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: Gregory Bridgett, Panacis, gbridgett@panacis.com
Panacis Named to 21st Annual PROFIT 100 Ranking of Canada’s Fastest Growing Companies
June 1, 2009 — OTTAWA, CANADA – Panacis, a leading global provider of collaborative product development services, announced today that it has been named as one of Canada’s 100 fastest growing companies by PROFIT Magazine.
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, 2009 issue of PROFIT Magazine and online at PROFITguide.com, the PROFIT 100 is Canada’s largest annual celebration of entrepreneurial achievement.
“It is gratifying to have built a business than can be counted among Canada’s most successful,” said Steve Carkner, founder and CEO of Panacis, formerly of Research In Motion. “This achievement has been realized thanks to the loyalty of our customers, the support of our shareholders, and the dedication of our staff. I’m excited by the continued prospects for our growth.”
Recruiting and retaining the most talented and motivated employees is seen as a key element of the company’s success. “Panacis is always on the lookout for exceptional staff”, asserts Gregory Bridgett, Vice President of Operations, also formerly of Research In Motion. “Currently, we see the hiring of a Senior Business Development Manager as critical to keeping on top of the tremendous opportunities.”
Formerly known as Panacis Medical, the company is in the process of changing its name to Panacis, reflecting a broadening demand for its services. “We have seen tremendous success in the fast-growing advanced battery market, which has taken us beyond medical device design.” While still providing product development for its medical technology customers, Panacis also lends its expertise in wireless and power systems to the design and manufacture of a wide range of innovative products for consumer and military markets.
About PROFIT Magazine
PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada’s fastest-growing companies. Each year PROFIT—which currently reaches more than 300,000 readers nationally—hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April, 1982 as Canada’s first national magazine geared to entrepreneurs.
For more information visit: www.PROFITguide.com.
About Panacis
Panacis is a leading global provider of collaborative product development services that enables its customers to conceive and realize their ideas, and accelerate them to market. With comprehensive engineering capabilities that include low power, wireless, advanced battery technologies, and electromechanical design, Panacis is an award-winning designer and manufacturer of innovative technology products. Panacis collaborates with technology companies, entrepreneurs, and researchers to develop products for medical, industrial, consumer, and military markets. A manufacturer of regulated products with an ISO quality management system, its manufacturing facility produces early-stage and low-volume products. Panacis was founded in 2002 and is based in Ottawa. For more information, visit www.panacis.com.
Contact: Greg Bridgett, Panacis, gbridgett@panacis.com
