FleetCarma Wins Deloitte’s Technology Green 15 Award for the Second Consecutive Year

 In Inside FleetCarma

WATERLOO, ON, November 16, 2012 CrossChasm and FleetCarma are named winners of the prestigious Deloitte Technology Green 15TM Award. In its fifth year, the award recognizes 15 companies for leadership in creating major breakthroughs in the field of green technology. This is the second consecutive year that the company has been honoured with this award.

“The Deloitte Technology Green 15 Award winners deliver innovative solutions that promote an efficient use of the earth’s resources,” said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “CrossChasm, and its FleetCarma and MyCarma products, are outstanding examples of how the company is creating technology solutions that reduce environmental impacts while improving operational performance and productivity.”

CrossChasm Technologies’ CEO, Matt Stevens, credits the company’s ability to help vehicle purchasers quantify the real-world benefit of high-efficiency vehicles with the company’s ability to achieve early success in this segment. Stevens said, “We are honoured to be part of the Green 15 for the second year in a row.  In the past 12 months we’ve successfully launched our FleetCarma Energy & Emissions and MyCarma products.  These solutions will continue to help fleets and individuals pick vehicles that will save them the most money and emissions, and track those savings.  It is an exciting time for our team and for the industry as a whole.”

CrossChasm Technologies has been consulting for major vehicle OEMs since 2004 on projects to develop hybrid and electric powertrains in Canada and the United States.  Last year, the company launched a customizable total cost of ownership analysis toolkit for fleet operators considering plug-in electric vehicles and has been selling the system to firms from coast-to-coast.  This year, the company moved quickly to be the sole provider in North America of electric vehicle monitoring hardware and software.

“We know that being first to market with our products is critical to our long-term growth,” added Stevens.  “It also helps us iterate our products with the direct input of an enthusiastic client-base.  Our goal is to find solutions that make it easy to quantify the value of, and justify the shift to, hybrid and electric vehicles for companies and individuals.”

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About the Deloitte Technology Green 15TMThe Technology Green 15TM recognizes Canada’s leading GreenTech companies. GreenTech, the industry term for “green technologies”, is taking on greater importance in the world in general, and the world of business in particular. It includes any technology that promotes a more efficient use and re-use of the earth’s resources in industrial production and consumption. GreenTech products and services are designed to reduce or eliminate environmental impacts and improve operational performance, productivity, or efficiency while reducing costs, inputs, energy consumption, waste, or pollution. Although many companies within GreenTech industry sectors are very different, they share a common trait: all use new, innovative technology to create products and services that compete with existing products and services on price and performance while reducing impact on the environment.

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

About CrossChasm – CrossChasm Technologies Inc. (www.crosschasm.com) works with major vehicle manufacturers and Tier 1 parts suppliers to rapidly prototype hybrid and electric vehicles using model-based design.  Its FleetCarma (www.fleetcarma.com) division guides large-scale end users of vehicles, such as fleet operators, in accurately assessing the full lifecycle costs and benefits of next generation vehicle adoption.  MyCarma (www.mycarma.com) is a product for car dealerships to better engage and educate their customers, while helping individual consumers determine the quantifiable savings of high-efficiency vehicles given their unique driving patterns.

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