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Hydreight Technologies Inc. Ranks 9th in Deloitte’s Technology Fast 50 Program Winners for 2024

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Hydreight Technologies has secured the 9th position in Deloitte's 2024 Technology Fast 50™ awards program, recognizing Canada's fastest-growing technology companies based on revenue growth from 2020 to 2023. As a mobile clinical network and medical platform, Hydreight's achievement highlights its significant organic revenue growth and market position. The company, which was previously named one of Canada's Companies-to-Watch in the same program last year, qualified by meeting criteria including minimum revenue requirements of $50,000 in 2020 and $5 million in 2023, proprietary technology ownership, and investing at least 5% of gross revenues in R&D activities in Canada.

Hydreight Technologies ha conquistato la 9ª posizione nel programma di premi Deloitte's 2024 Technology Fast 50™, che riconosce le aziende tecnologiche in più rapida crescita del Canada in base alla crescita dei ricavi dal 2020 al 2023. Come rete clinica mobile e piattaforma medica, il successo di Hydreight evidenzia la sua significativa crescita organica dei ricavi e la posizione di mercato. L'azienda, che lo scorso anno era stata precedentemente nominata tra le Companies-to-Watch del Canada nello stesso programma, si è qualificata soddisfacendo i requisiti, tra cui il fatturato minimo di $50.000 nel 2020 e $5 milioni nel 2023, la proprietà di tecnologia proprietaria e l'investimento di almeno il 5% dei ricavi lordi in attività di R&D in Canada.

Hydreight Technologies ha conseguido la 9ª posición en el programa de premios Deloitte's 2024 Technology Fast 50™, que reconoce a las empresas tecnológicas de más rápido crecimiento de Canadá basándose en el crecimiento de ingresos desde 2020 hasta 2023. Como una red clínica móvil y plataforma médica, el logro de Hydreight resalta su significativo crecimiento orgánico de ingresos y su posición en el mercado. La empresa, que el año pasado fue nombrada una de las Companies-to-Watch de Canadá en el mismo programa, calificó al cumplir con criterios que incluían requisitos mínimos de ingresos de $50,000 en 2020 y $5 millones en 2023, la propiedad de tecnología patentada y la inversión de al menos el 5% de los ingresos brutos en actividades de I+D en Canadá.

Hydreight TechnologiesDeloitte's 2024 Technology Fast 50™ 시상 프로그램에서 9위에 올랐으며, 이는 2020년부터 2023년까지의 수익 성장에 기반하여 캐나다의 가장 빠르게 성장하는 기술 회사들을 인정하는 것입니다. 모바일 클리니컬 네트워크이자 의료 플랫폼인 Hydreight의 성과는 그들의 유의미한 유기적 수익 성장과 시장 위치를 강조합니다. 이 회사는 지난해 같은 프로그램에서 Companies-to-Watch 중 하나로 선정되었으며, 2020년에는 최소 $50,000, 2023년에는 $5백만의 수익 요건과 기술 소유권, 캐나다에서 R&D 활동에 전체 수익의 5% 이상을 투자하는 기준을 충족함으로써 자격을 갖추었습니다.

Hydreight Technologies a obtenu la 9ème position dans le programme de récompenses Deloitte's 2024 Technology Fast 50™, qui reconnaît les entreprises technologiques à la croissance la plus rapide au Canada sur la base de la croissance des revenus de 2020 à 2023. En tant que réseau clinique mobile et plateforme médicale, l'accomplissement de Hydreight met en lumière sa croissance organique significative des revenus et sa position sur le marché. L'entreprise, qui a été précédemment nommée l'une des Companies-to-Watch au Canada dans le même programme l'année dernière, s'est qualifiée en répondant à des critères incluant un revenu minimum de 50 000 $ en 2020 et de 5 millions $ en 2023, la possession de technologies propriétaires et l'investissement d'au moins 5 % des revenus bruts dans des activités de R&D au Canada.

Hydreight Technologies hat den 9. Platz im Deloitte's 2024 Technology Fast 50™ Auszeichnungsprogramm eingenommen, das die am schnellsten wachsenden Technologieunternehmen Kanadas auf Grundlage des Umsatzwachstums von 2020 bis 2023 anerkennt. Als mobiles klinisches Netzwerk und medizinische Plattform hebt Hydreights Erfolg sein signifikantes organisches Umsatzwachstum und seine Marktposition hervor. Das Unternehmen, das im vergangenen Jahr bereits als eines der Companies-to-Watch Kanadas in demselben Programm ausgezeichnet wurde, erfüllte die Kriterien, darunter Mindestumsatzanforderungen von 50.000 USD im Jahr 2020 und 5 Millionen USD im Jahr 2023, den Besitz proprietärer Technologie und die Investition von mindestens 5 % des Bruttoumsatzes in F&E-Aktivitäten in Kanada.

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VANCOUVER, British Columbia and LAS VEGAS, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Hydreight Technologies Inc. (“Hydreight” or the “Company”) (TSXV: NURS) (OTCQB: HYDTF) (FSE: SO6), a rapidly growing mobile clinical network and medical platform, has been recognized by Deloitte’s 2024 Technology Fast 50™ awards program for its rapid growth, entrepreneurial spirit, and bold innovation.​

The program recognizes Canada’s 50 fastest-growing technology companies based on the highest revenue growth percentage over the past four years. Hydreight ranks 9th for its revenue growth from 2020 to 2023. ​The details for ranks and company’s growth percentage is available on Deloitte’s announcement.​

Deloitte’s Technology Fast 50 program winners consist of public and private companies in the technology sector that are transforming the industry. The program runs alongside the broader Deloitte North American Technology Fast 500™, and winners are automatically eligible for this elite ranking.

Shane Madden, CEO of Hydreight commented, “We are thrilled to be ranked 9 for 2024, from the esteemed Deloitte Technology Fast 50™ program. This award not only highlights the Company’s significant organic revenue growth, but also validates our business operations and key differentiators we have in the market. We are building one of the largest mobile clinical networks across the United States. Our investment in our technology and infrastructure helped us to become the mobile medicine solutions for nurses, bricks and mortar and D2C businesses. We are very excited for our “VSDHONE” products expansion and cash flow in the next 12 months. We continue pushing for growth, profitability and capital market exposure.”

Hydreight was named one of Canada’s Companies-to-Watch in Deloitte’s Technology Fast 50™ Program last year.

"These exceptional Technology Fast 50 winners epitomize the spirit of innovation and entrepreneurial excellence in Canada's technology sector," expressed Anders McKenzie, the National Technology Fast 50 program leader at Deloitte Canada. "By demonstrating remarkable growth rates and showcasing their ability to adapt and thrive in a rapidly evolving market, these companies have distinguished themselves as leaders in their respective fields. Their success not only reflects their own ingenuity and dedication but also contributes to the overall growth and competitiveness of Canada's technology ecosystem. We are proud to celebrate their achievements and recognize them as the driving force behind the country's technological advancement and economic prosperity." ​

Hydreight technology provided a corporate update on Oct 16, 2024.

To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have a minimum revenue of $50,000 in 2020 and $5 million in 2023, be headquartered in Canada, own proprietary technology, and invest a minimum of 5% of gross revenues in R&D activities that are conducted in Canada.​​

About the Deloitte Technology Fast 50 program
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. It recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50, Enterprise—Industry Leaders, Clean Technology, and Companies-to-Watch. The program also recognizes thriving technology companies in the United States and Canada in partnership with the North American Technology Fast 500 program. Program sponsors for 2024 include RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For more information, visit www.fast50.ca.

About Hydreight Technologies Inc.

Hydreight Technologies Inc. is building the largest mobile clinic network in the United States. Its proprietary, fully integrated platform hosts a network of over 2,500 nurses, over 100 doctors and a pharmacy network across 50 states. The platform includes a built-in, easy-to-use suite of fully integrated tools for accounting, documentation, sales, inventory, booking, and managing patient data, which enables licensed healthcare professionals to provide services directly to patients at home, office or hotel. Hydreight is bridging the gap between provider compliance and patient convenience, empowering nurses, med spa technicians, and other licensed healthcare professionals. The Hydreight platform allows healthcare professionals to deliver services independently, on their own terms, or to add mobile services to existing location-based operations. Hydreight though its medical network has a 503B pharmacy network servicing all 50 states and is closely affiliated with a U.S. certified e-script and telemedicine provider network that provides services in all 50 states.

On behalf of the Board of Directors
Shane Madden
Director and Chief Executive Officer
Hydreight Technologies Inc.

Contact
Email: ir@hydreight.com
Telephone: (480) 790 6886


FAQ

What ranking did Hydreight Technologies (HYDTF) achieve in Deloitte's 2024 Technology Fast 50 program?

Hydreight Technologies (HYDTF) ranked 9th in Deloitte's 2024 Technology Fast 50 program, based on revenue growth from 2020 to 2023.

What were the qualification requirements for Deloitte's 2024 Technology Fast 50 ranking?

Companies needed four years in business, minimum revenue of $50,000 in 2020 and $5 million in 2023, Canadian headquarters, proprietary technology, and 5% of gross revenues invested in R&D in Canada.

What was Hydreight Technologies' (HYDTF) previous recognition in Deloitte's program?

Hydreight Technologies was named one of Canada's Companies-to-Watch in Deloitte's Technology Fast 50™ Program in the previous year.

What is Hydreight Technologies' (HYDTF) main business focus as recognized by Deloitte?

Hydreight Technologies operates as a rapidly growing mobile clinical network and medical platform, building one of the largest mobile medicine networks across the United States.

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