SimpTek Recognized at Deloitte Fast 50 Awards

November 16, 2016



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FREDERICTON, N.B. - SimpTek Technologies, a software company providing intelligent energy management solutions for homeowners and utilities, was recognized with a Companies-to-Watch Award, as part of the Deloitte’s Technology Fast 50™ Awards for its innovative technology, leadership and early stage growth. SimpTek is the only company from the Maritimes that won in this category along with 11 other Canadian companies.

SimpTek is an energy technology company that is uniquely poised to help utilities and their customers with the challenges of meeting peak power needs and saving energy. With carbon taxes soon to be implemented in all of Canada, SimpTek sees the need to provide solutions to measure and help reduce the carbon footprint of electricity consumers and the utilities. Simptek’s platform educates consumers about their consumption through an energy dashboard, which shows in real-time how much electricity they’re using and makes personalized recommendations on how to reduce it. For utilities, SimpTek provides anonymous, aggregated insights to help them understand what products and services to offer their customers.

Now in the 19th year of Deloitte’s Companies-to-Watch Award honours early-stage Canadian technology companies in business for less than four year. The winners are selected based on the potential they show for future growth. They exemplify many characteristics of Deloitte Technology Fast 50™ ranked companies.

SimpTek’s CEO and co-founder, Asif Hasan says, “SimpTek credits our unique technology approach. We understand that energy efficiency is not just a business, it's a culture. We take pride in helping both utilities and homeowners to adopt this culture with an exceptional customer engagement platform.”

“It’s imperative to recognize Companies-to-Watch winners for their early stage growth, bold entrepreneurship and forward thinking,” said Anders McKenzie, Technology, Media and Telecommunications Managing Partner for Deloitte in Canada. “By demonstrating high growth potential, these outstanding companies have the potential to be future Deloitte Technology Fast 50 candidates. They represent the next generation of technology leaders in Canada.”

To qualify for the Companies-to-Watch Awards, candidates must have been operating less than four years. They must also be headquartered in Canada and devote a significant portion of their operating revenues to creating proprietary technology and/or intellectual property.

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 three distinct categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than four years, with the potential to be a future Deloitte Technology Fast 50 candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry). Program sponsors include Deloitte, Aequitas NEO Exchange, Bank of Montreal, Bennett Jones, OMERS Ventures and Vistara Capital Partners. For further information, visit www.fast50.ca.

About SimpTek
SimpTek Technologies is a Canadian company providing intelligent power management solutions to deliver knowledge, convenience, and control to consumers, while also providing insights about power usage to utilities. SimpTek helps residential homeowners better understand and manage their electricity consumption by providing an easy-to-use energy dashboard, which acts as a personal energy fitness trainer and provides tailored energy recommendations to bring homeowners education and transparency around their energy usage. Founded in 2014, SimpTek is now engaged with many utility companies in Canada and the United States.

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