VANCOUVER, B.C., Nov. 13, 2013 (GLOBE NEWSWIRE) -- Ostara Nutrient Recovery Technologies, Inc., is a named winner of the prestigious Deloitte Technology Green 15TM Award for developing technology solutions and intellectual property that promotes efficient use of the earth's resources. The Deloitte Technology Green 15 Award recognizes winners that create technology solutions that reduce environmental impacts while improving operational performance and productivity.
"Deloitte's Technology Green 15 companies make a positive impact on the environment with innovations that help reduce global warming, and save energy to preserve the environment," said Richard Lee, Deloitte's National Managing Partner, Technology, Media & Telecommunications. "They deserve to be recognized for their leadership in creating major breakthroughs in the field of clean technology."
"Ostara is privileged to be named to the Deloitte Technology Green 15 for the third consecutive year", said Phillip Abrary, Ostara President and CEO. "This recognition is a strong validation of the positive impact Ostara's technology is making as global adoption grows among forward-thinking organizations who are committed to changing the way we think about and act upon energy, water and resource sustainability."
Technology Green 15 companies own proprietary technology or intellectual property that contributes to a significant portion of operating revenue. To qualify for the Technology Green 15 Award, companies must be headquartered in Canada or be Canadian controlled with a management team and R &D activities in the country. Winning companies invest at least 5% of gross revenue in R &D and maintain minimum revenue of $50,000 in its most recent year of operations.
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 and innovation within the industry) 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, Bennett Jones and OMERS Ventures. For further information, visit www.fast50.ca.
About Ostara Nutrient Recovery Technologies, Inc.: Ostara designs, builds and markets a proprietary nutrient recovery technology that transforms phosphorus and nitrogen recovered from municipal and industrial wastewater into a high-value, eco-friendly fertilizer, sold and marketed as Crystal Green®. Including the Slough facility, Ostara operates seven nutrient recovery facilities in North America and Europe and recently announced that it has started work on the largest nutrient recovery facility in the world in partnership with the Metropolitan Water Reclamation District of Greater Chicago. Ostara has also developed an industrial application for its technology to treat process water used in the production of phosphate fertilizers. Crystal Green is the first plant-activated, nutrient technology to offer plant-available, slow-release nutrients sustainably made from a renewable source of phosphorus. Crystal Green offers more consistent, plant-available nutrients than conventional water-soluble phosphorus fertilizers, resulting in greater fertilizer efficiency, lower application rates, and reduced nutrient loss, while lowering the risk of leaching and runoff. Headquartered in Vancouver, Canada, Ostara is the recipient of numerous awards including the 2011 Technology Pioneer by the World Economic Forum, and being named to the Global Cleantech 100 for the past five years. For more information, visit www.ostara.com and www.crystalgreen.com.
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Source: Ostara Nutrient Recover Technologies