MineSense Technologies recognized for growth and innovation in Deloitte’s 2022 Technology Fast 50TM program
Vancouver, BC, November 30, 2022 — MineSense Technologies, a pioneer in digital mining solutions, is pleased to share that the company was recognized as part of the 2022 Deloitte Technology Fast 50TM program for its rapid revenue growth, entrepreneurial spirit and bold innovation. Now in its 25th year, the program recognizes Canada’s 50 fastest-growing technology companies based on the highest revenue-growth percentage over the past four years. MineSense claimed the 3rd spot on the Clean Technology list with 3,264% revenue growth from 2018 to 2021.
MineSense also ranked 52nd on the Deloitte Technology Fast 500™, a list of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies across North America.
MineSense CEO Jeff More credits the pioneering spirit of the MineSense team with the company’s continued growth and success. “We’re very proud to be recognized by the Deloitte Technology Fast 50™ program, especially as we expand installations of our ShovelSense technology globally. Mining operations around the world are benefiting from the transformative value our technology delivers, increasing their profitability while reducing their environmental footprint and producing more of the critical metals required out of existing operations.”
“It’s inspiring how this year’s exceptional cohort of Technology Fast 50 winners have delivered outstanding revenue growth even in the face of prevailing uncertainties in the economy and marketplace,” commented Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “Fueled by exemplary innovation, creativity, resilience, adaptability, along with superior business leadership, these companies are paving the way as catalysts in their respective sectors and delivering growth and value to the Canadian economy both at home and beyond.”
About the Deloitte Technology Fast 50™ program
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating its 25th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2022 program sponsors include Deloitte, RBCx, Osler, EDC, CBRE, Vector Institute, Council of Canadian Innovators (CCI), Clarity Recruitment, Lafond, and TMX. For further information, visit www.fast50.ca.
About the 2022 Deloitte Technology Fast 500™
Now in its 28th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2018 to 2021.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
MineSense is a pioneer in digital mining solutions, supplying real-time, sensor- based ore sorting for mines. Our signature solution is ShovelSense, a robust sensor installed on mining equipment to scan and measure the grade of the material in every shovel and bucket. The increased real-time visibility of your orebody provided by ShovelSense drives improvements in your mine’s efficiency, profitability and sustainability.
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