Cavet Technologies Receives Coveted "Technology Green 15™" Award at the 2010 Deloitte Technology Fast 50™ Awards

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Industry Continues to Acknowledge Innovation of LumiSmart Intelligent Lighting Controller

We are delighted that Cavet Technologies has received this recognition from such a prestigious organization.

Cavet Technologies Inc. today announced it is a winner 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. Cavet Technologies was recognized for its innovation of LumiSmart ILC, an intelligent lighting controller and the company’s flagship product.

“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 John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Companies such as Cavet Technologies 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.”

"We are delighted that Cavet Technologies has received this recognition from such a prestigious organization, said Albert Behr, President and CEO for Cavet Technologies. “The nominees for this esteemed award include some of the most innovative solutions introduced in the cleantech industry. We credit our success to our patented technology and global distribution strategy. LumiSmart ignites a new way of thinking about energy efficient lighting solutions and offers a number of energy and costing savings benefits.”

LumiSmart ILC is the first of a new class of Smart Grid-enabled lighting controllers that provide microprocessor-driven adaptive control of lighting circuits to reduce power consumption while providing an instant 30 per cent or more power reduction without replacing any existing lamps, ballasts or fixtures. LumiSmart ILC also helps reduce carbon emissions by actively reducing energy consumption at the source, and therefore minimizes strain on the electrical grid. This decrease in carbon footprint results in a reduction in greenhouses gases released into the atmosphere.

About the Deloitte Technology Green 15™
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 50™
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, GrowthWorks, TMX Group, Wellington Financial, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit http://www.fast50.ca.

About Cavet Technologies Inc.
Cavet Technologies Inc. is a leading-edge cleantech company that brings innovative intelligent lighting products to market which maximize energy savings and provide industry leading returns on investment. Available through its broad network of distribution partners worldwide, Cavet’s flagship product is the award-winning LumiSmart ILC™, Intelligent Lighting Controller. The LumiSmart ILC helps commercial and industrial customers dramatically reduce lighting costs by a minimum of 30 per cent without replacing any existing lights, ballasts, or lighting infrastructure. For more information about Cavet Technologies, please visit http://www.cavettech.com.

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