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First All-Canadian Cleantech Index launched

Thursday, October 25th 2007 12:31:00pm

Media Release
Attention News/Business/National/Energy Reporters and Assignment Editors


Cleantech 10™ list pinpoints the top publicly traded Cleantech companies in Canada

Next 10 Cleantech list highlights emerging Cleantech leaders of tomorrow


TORONTO, Canada, October 25, 2007 - The Corporate Knights Cleantech 10™ and Next 10 Emerging Cleantech Leaders of Tomorrow were announced at the Cleantech Forum XIV in Toronto at the Westin Harbour Castle this morning at a press conference attended by Peter Love, Ontario's Chief Energy Conversation Officer, and executives from the Cleantech 10 and Next 10 Cleantech companies.

The Cleantech 10 and Next 10 Cleantech represent Canada's finest publicly held and private companies in the Cleantech realm, and span a range of sectors from specialized technology to harvest flooded forests, to solar electric inverters, smart grids, and floating wind turbines.

The Corporate Knights Cleantech 10 was compiled by Corporate Knights Inc. and Cleantech Indices LLC, the leading provider of Cleantech Indices and information globally. The Cleantech 10 showed a year-to-date return of 12.66 per cent, outperforming the S&P/TSX Small Cap Index by over 7 per cent over the past year (using an unweighted average of the Cleantech 10's returns as of Oct 22, 2007).


CK Cleantech 10 (HQ City)

Boralex   (Kingsey Falls, QC)
Canadian Hydro Developers  (Calgary, AB)
Carmanah (Victoria, BC)
Dynetek  Calgary, AB)
Hydrogenics (Mississauga, ON)
RuggedCom  (Woodbridge, ON)
SunOpta (Brampton, ON)
Westport Innovations  (Vancouver, BC)
WFI  (Fort Wayne, IN)
Xantrex (Burnaby, BC)

Source: Corporate Knights Inc. and Cleantech Indices, LLC


How was CK Cleantech 10™ determined?

We sought out technology-driven growth companies that have big impacts on resource efficiency and the environment-not simply those re-branding themselves as 'green'. A set of 18 screening criteria were applied to all TSX companies that Cleantech Indices, LLC use for their broad Cleantech Index. Since Canada has far fewer Cleantech stocks and they tend to be younger and smaller, those criteria were not as strictly applied. A heavy emphasis was placed on purity (percentage of revenues or income from Cleantech business, and whether or not it's really 'clean') and quality (strategy, management, financial strength, sector leadership). Other key criteria included growth, earnings, liquidity, capitalization, technology/intellectual property, overall impact, etc.


Next 10 Cleantech (HQ City)

6N Silicon Inc.  (Mississauga, ON)
Enerworks Inc.  (Dorchester, ON)
Ensyn Technologies Inc.  (Nepean, ON)
Group IV Semiconductor Inc.  (Ottawa, ON)
Iogen Corp.  (Ottawa, ON)
Magenn Power Inc.  (Ottawa, ON)
Menova Inc.  (Ottawa, ON)
Plasco Energy Group Inc.  (Ottawa, ON)
REGEN Energy Inc.  (Toronto, ON)
Triton Logging Inc.  (Saanichton, BC)

Source: Corporate Knights Inc.


The Next 10 Emerging Cleantech Leaders of Tomorrow was determined by an advisory board that included:

* Tyler Hamilton, Energy Reporter/Clean Break, Toronto Star
* Vicky Sharpe, President and CEO, Sustainable Development Technology Canada
* Andrew Heintzman, President of Investeco Capital Corp
* Nick Parker, Chairman, Cleantech Venture Network LLC
* Tom Rand, Director, VCi Green Funds Inc.

-30-

Media Contacts:

• Toby A.A. Heaps, Corporate Knights, (416) 274-1432, toby@corporateknights.ca

• Rafael Coven, Managing Director, Cleantech Indices, LLC, (646) 263-6820, Rafael@cleantech.com

• Melissa Shin, Corporate Knights, melissa@corporateknights.ca

For further information, see: http://www.corporateknights.ca/downloads/Cleantech2007.pdf

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.

www.corporateknights.ca

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