JER Envirotech Awarded North American Technology Innovation of the Year Award From Frost & Sullivan
November 25 2008 - 8:30AM
Marketwired
JER Envirotech International Corp. (TSX-V: JER) (FRANKFURT: KFTB)
is pleased to announce that it has been awarded the 2009 Frost
& Sullivan North American Technology Innovation of the Year
Award in the field of Biocomposites, in recognition of its
outstanding development of low cost 'green' biocomposites. The
award is bestowed upon a company that has carried out new research,
which has resulted in innovation(s) that have or are expected to
bring significant contributions to the industry in terms of
adoption, change, and competitive posture.
Custom compounder JER Envirotech, based in British Columbia, is
a global supplier of thermoplastic biocomposite compounds and
sheeting. The company offers a range of biocomposite materials
developed in cooperation with Canada's National Research Council.
Its patented technology utilizes waste or by-product materials,
such as wood fiber or rice hulls, to produce environmentally
friendly alternative products featuring the durability of plastic
with the appearance and workability of wood.
"We are delighted to be honored with this award," says JER
President Edward Trueman. "It recognizes the quality and depth of a
company's R&D program as well as the vision and risk-taking
that enabled it to undertake such an endeavor -- we couldn't be
more delighted to have our efforts recognized."
To choose the award recipient, Frost & Sullivan's analyst
team tracks innovation in key hi-tech markets. The selection
process includes primary participant interviews and extensive
primary and secondary research via the bottom-up approach. The
analyst team shortlists candidates on the basis of a set of
qualitative and quantitative measurements. The analysts also
consider the pace of research and technology innovation, and the
significance or potential relevance of the innovation to the
overall industry. The ultimate award recipient is chosen after a
thorough evaluation of this research.
This award tops off a successful year for JER Envirotech.
Earlier this fall, the company announced record Q4 2008 results and
quarter over quarter growth. Revenues increased 72% over Q3 and
193% increase in revenues over fiscal 2007.
JER is also receiving positive feedback on the Sprig Adventure
series range of eco-friendly toys. Developed in partnership with
US-based socially-conscious toy company, Sprig Toys, the toys are
now available in mass and specialty stores throughout North
America, just in time for Christmas. The range is made from
eco-friendly materials which can be substituted for pure plastic in
injection-molded toys and offers numerous environmental and
consumer-safety advantages.
Previous award recipients include IBM, Cisco, Intel and Kodak.
For more information on the awards please visit
www.awards.frost.com.
About JER Envirotech International Corporation
JER is a global manufacturer of thermoplastic biocomposite
compounds and sheeting. The Company's patented technology utilizes
waste or by-product materials, such as wood fiber or rice hulls, to
produce environmentally-friendly alternative products for
applications in the construction, transport, automotive and toy
industries. The Company currently has a range of biocomposite
formulations which it developed in collaboration with the National
Research Council - Industrial Materials Institute of Canada.
JER currently has manufacturing operations in Canada, Malaysia
and the Philippines. The Company is publicly-traded on the TSX
Venture Exchange (TSX) under the symbol "JER" and on the Frankfurt
Stock Exchange under the symbol "KFTB." For more information, visit
www.jerenvirotech.com.
JER Envirotech International Corporation
"Ji Yoon"
Mr. Ji Yoon
Chief Financial Officer
International: +1 (604) 940-9262
jyoon@jerenvirotech.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Distributed by Filing Services Canada and retransmitted by
Marketwire
Email: Email Contact Website: www.jerenvirotech.com
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