NEXTERRA RANKED ONE OF CANADA'S FASTEST GROWING TECHNOLOGY COMPANIES IN THE DELOITTE 2010 TECHNOLOGY FAST 50 AWARDS

VANCOUVER, Sept. 23 /PRNewswire/ - Nexterra Systems Corp. (www.nexterra.ca), a leading supplier of biomass heat and power systems, today announced it has been ranked among the Deloitte 2010 Technology Fast 50(TM), a ranking of the 50 fastest growing technology companies in Canada. Nexterra's ranking is based on an increase in revenues of 509 percent from 2005 to 2009. Nexterra has also been named as a member of the 2010 Deloitte Technology Green 15, which honours fifteen companies that are leading the way in the field of green technology.

"Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of an uncertain global economic recovery," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "Nexterra is an example of the determination, drive and skill that will serve to position them for further growth and success in the years to come."

Nexterra President and CEO, Jonathan Rhone, credits the company's strategic approach, dedicated team, and growing renewable energy demand with the 509 percent revenue growth over the past five years. "Global demand for renewable energy continues to grow at a dramatic pace," said Rhone. "Nexterra offers a powerful value proposition of reduced customer energy costs and greenhouse gas emissions with a system that offers low lifecycle costs, high efficiency and low air emissions. It's a win-win for everyone."

For over 13 years, the Deloitte Technology Fast 50(TM) program has tracked the successful growth of Canadian-grown global leaders. Now Canada's pre-eminent technology award program, the Deloitte Technology Fast 50(TM) augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.

About Deloitte's Technology Fast 50 - The Deloitte Technology Fast 50(TM) 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 50(TM) 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 50(TM) candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15(TM) 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, Gowlings, GrowthWorks, TMX Group, Wellington Financial, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca

About Nexterra Systems Corp. - Nexterra Systems Corp. is a leading supplier of biomass gasification systems that enable industrial and institutional customers to generate clean, low cost renewable heat, power and synthetic gas from biomass fuels. Nexterra's systems have superior life-cycle costs, lower air emissions, higher efficiency and greater fuel flexibility compared to conventional biomass solutions and have been selected by customers and partners including General Electric, US Dept of Energy, University of British Columbia, Johnson Controls and Kruger Products. Nexterra is a private company based in Vancouver, Canada. For more information: www.nexterra.ca

SOURCE Nexterra Systems Corp.