PRESS RELEASE

CoolIT named one of Canadas fastest-growing companies

CoolIT Systems, a provider of Direct Contact Liquid Cooling (DCLC) technologies for datacentre, server and desktop markets, today ranked number 119 on the 27th annual Profit 500, a ranking of Canada’s fastest-growing companies.

‘The Profit 500 represents the highest tier of entrepreneurialism in Canada,’ said James Cowan, editor-in-chief of Profit and Canadian Business. ‘They should be lauded for the positive economic contributions they’ve made to their communities—and the entire country.  They are examples of what can be accomplished with innovation, discipline and determination.’

Published in the October issue of Canadian Business and online at www.profitguide.com, the Profit 500 ranks Canadian businesses by their revenue growth over five years. This is the third consecutive year that CoolIT has made the Profit 500 list.

CoolIT Systems made the 2015 Profit 500 list with five-year revenue growth of 578 per cent and ranked 20th overall in the Information Technology sector.

‘CoolIT Systems is honoured to be named as one of Canada’s Fastest-Growing Companies on the PROFIT 500 ranking for the third year in a row,’ said Geoff Lyon, CEO and CTO of CoolIT Systems. ‘This achievement reflects the strength of our patented liquid cooling technology for desktop and enterprise computing markets, which has driven our business to a record revenue of $27 million in 2014. Since our inception in 2001, CoolIT has continuously strives to deliver high quality direct-to-chip liquid cooled solutions.’

To date, the company has deployed 30 data center liquid cooling systems. Examples include the Technical University of Denmark and the Poznan Supercomputing and Networking Center.

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