Vancouver, CANADA (November 8, 2023) – Canadian subsurface intelligence company Ideon Technologies has received a Companies-to-Watch award as part of the 2023 Deloitte Technology Fast 50™ program. The Companies-to-Watch category is a ranking of Canadian technology companies with the potential to be future Technology Fast 50™ candidates by their revenue growth percentage over their last three years of operation.
Ideon uses the energy from supernova explosions in space to image down to 1 km beneath the Earth’s surface. CEO & Co-Founder Gary Agnew credits a laser-focus on accelerating the world’s transition to low-impact mining with the company’s early-stage success. “We use sub-atomic particles to create reliable 3D density maps that help geologists identify, characterize, and monitor mineral deposits and subsurface voids with a level of certainty they’ve never had before,” says Agnew. “At a time when the world is facing a USD 12 trillion supply gap in critical minerals needed to fuel the energy transition, we help the world’s leading mining companies see the unseen and target the high-recovery, low-waste deposits that drive reliable and environmentally responsible supply chains. We’re so grateful to be recognized by the Deloitte Technology Fast 50™ program for this work.”
“Congratulations to this year’s Companies-to-Watch winners,” commented Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “These companies have demonstrated promising growth trajectories and an exemplary ability to seize opportunities even in the face of a challenging economic context. This sets them apart as members of an emerging cohort of tech leaders in Canada. We look forward to keeping an eye on their progress in the months and years to come.”
About Ideon Technologies (www.ideon.ai)
Ideon uses the energy from supernova explosions to image down to 1 km (0.6 miles) beneath the Earth’s surface. A spin-off from TRIUMF (Canada’s particle physics lab), Ideon is a world pioneer in cosmic-ray muon tomography. By transforming muon data into reliable 3D density maps, Ideon helps geologists identify, characterize, and monitor mineral deposits with confidence. This reduces risk and cost of traditional methods, while saving time, optimizing return, and minimizing environmental impact across the mining value chain. In turn, this is helping accelerate the world’s transition to low-impact mining and transform how companies find the critical minerals required to power the global shift to clean energy.
About the Deloitte Technology Fast 50™ program
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating its 26th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise—Industry leaders, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2023 program sponsors include Deloitte, RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For further information, visit www.fast50.ca.