(PRWEB) October 28, 2010
Cavet Technologies Inc. today announced it is included in the preeminent Corporate Knights Next 10, a list representing Canada’s best privately held companies in the cleantech realm. Cavet Technologies was recognized for its innovation of LumiSmart ILC, an award-winning intelligent lighting controller and the company’s flagship product.
The Cleantech Next 10 Emerging Leaders are selected by an advisory panel of Canada’s foremost authorities on cleantech, based on the following four judging criteria: creativity and original approach, solving a business problem, clear business objective, and best chance of breaking through.
"We are thrilled that Cavet Technologies has received this recognition from such a prominent organization in the area of sustainable development," said Albert Behr, President and CEO for Cavet Technologies. “The companies that comprise the Next 10 include some of the most innovative solutions introduced in the cleantech industry. While we are proud to produce a product in Canada that serves the world, it is an honour to receive such recognition from our home territory.”
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 Corporate Knights Cleantech 10™ and Next 10
Corporate Knights has been following cleantech companies since 2007 and highlighting the companies poised to make it big. The Cleantech 10™ and Next 10 represent Canada’s best publicly and privately held companies in the Cleantech realm, and span a range of sectors from desalination to biofuels to solar technology.
The Cleantech 10 list was compiled by Corporate Knights Inc. and Cleantech Group LLC, the leader provider of Cleantech indices and information globally.
The Next 10 are selected by an advisory panel of Canada’s foremost authorities on cleantech, including Tyler Hamilton, Energy Columnist, Toronto Star and adjunct professor of environmental studies, York University; Andrew Heintzman, Co-Founder, Investeco; Denis Leclerc, President and CEO, Québec Cleantech Cluster; Nicholas Parker, Executive Chairman, Cleantech Group LLC; Tom Rand, Director, VCi Green Funds and Practice Lead, Cleantech and Physical Sciences at the MaRS Discovery District; and Vicky J. Sharpe, President and CEO, Sustainable Development Technology Canada.
About Corporate Knights
Founded in 2002, Corporate Knights Inc. is an independent Canadian-based media company focused on prompting and reinforcing sustainable development in Canada.
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. LumiSmart ILC helps commercial and industrial customers dramatically reduce lighting costs by a minimum of 30 percent without replacing any existing lights, ballasts, or lighting infrastructure. Cavet Technologies is the proud winner of the Canadian Advanced Technology Alliance (CATA) Technology Commercialization Award and Deloitte’s Green 15 Award, part of the 2010 Deloitte Technology Fast 50™. For more information about Cavet Technologies, please visit http://www.cavettech.com.