SOURCE: JER Envirotech International Corp.
JER Envirotech Awarded North American Technology Innovation of the Year Award From Frost & Sullivan
VANCOUVER, BC--(Marketwire - November 25, 2008) - JER Envirotech International Corp. (TSX-V: JER) (
Custom compounder JER Envirotech, based in British Columbia, is a global
supplier of thermoplastic biocomposite compounds and sheeting. The company
offers a range of biocomposite materials developed in cooperation with
Canada's National Research Council. Its patented technology utilizes waste
or by-product materials, such as wood fiber or rice hulls, to produce
environmentally friendly alternative products featuring the durability of
plastic with the appearance and workability of wood.
"We are delighted to be honored with this award," says JER President Edward
Trueman. "It recognizes the quality and depth of a company's R&D program as
well as the vision and risk-taking that enabled it to undertake such an
endeavor -- we couldn't be more delighted to have our efforts recognized."
To choose the award recipient, Frost & Sullivan's analyst team tracks
innovation in key hi-tech markets. The selection process includes primary
participant interviews and extensive primary and secondary research via the
bottom-up approach. The analyst team shortlists candidates on the basis of
a set of qualitative and quantitative measurements. The analysts also
consider the pace of research and technology innovation, and the
significance or potential relevance of the innovation to the overall
industry. The ultimate award recipient is chosen after a thorough
evaluation of this research.
This award tops off a successful year for JER Envirotech. Earlier this
fall, the company announced record Q4 2008 results and quarter over quarter
growth. Revenues increased 72% over Q3 and 193% increase in revenues over
fiscal 2007.
JER is also receiving positive feedback on the Sprig Adventure series range
of eco-friendly toys. Developed in partnership with US-based
socially-conscious toy company, Sprig Toys, the toys are now available in
mass and specialty stores throughout North America, just in time for
Christmas. The range is made from eco-friendly materials which can be
substituted for pure plastic in injection-molded toys and offers numerous
environmental and consumer-safety advantages.
Previous award recipients include IBM, Cisco, Intel and Kodak. For more
information on the awards please visit www.awards.frost.com.
About JER Envirotech International Corporation
JER is a global manufacturer of thermoplastic biocomposite compounds and
sheeting. The Company's patented technology utilizes waste or by-product
materials, such as wood fiber or rice hulls, to produce
environmentally-friendly alternative products for applications in the
construction, transport, automotive and toy industries. The Company
currently has a range of biocomposite formulations which it developed in
collaboration with the National Research Council - Industrial Materials
Institute of Canada.
JER currently has manufacturing operations in Canada, Malaysia and the
Philippines. The Company is publicly-traded on the TSX Venture Exchange
(TSX) under the symbol "JER" and on the Frankfurt Stock Exchange under the
symbol "KFTB." For more information, visit www.jerenvirotech.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.
JER Envirotech International Corporation
"Ji Yoon"
Mr. Ji Yoon
Chief Financial Officer
International: +1 (604) 940-9262
jyoon@jerenvirotech.com
