Solace Power Named One of Canada's Companies-to-Watch in the 2017 Deloitte Technology Fast 50™ Awards

Solace Power Only Atlantic Canadian Company Ranked on List

MOUNT PEARL, NL, Nov. 10, 2017 /CNW/ - Solace Power is proud to announce it has received Deloitte's Companies-to-Watch award which recognizes early-stage technology companies with strong growth and potential to be a future Technology Fast 50 candidate. Solace is the only company in Atlantic Canada to earn a position in the technology ranking.

Deloitte's Technology Fast 50 program recognizes the 50 fastest growing Canadian technology companies with the highest percentage revenue growth.

"We are honored to have Solace's rapid growth, innovative RC² technology and team recognized with this distinction," said Solace Power's CEO, Michael Gotlieb. "We are honing our differentiated wireless power solutions to meet the needs of customers who are implementing power delivery in non-traditional environments. Solace's advantage of safely transferring power for a broader range of power levels without heating metal, does so across more usable distances and infinite mating cycles. This means RC² should be on the radar of every serious power management engineer," he added.

According to Deloitte, Companies-to-Watch winners are a class of companies that possess effective management experience and superior technology. They must also be headquartered in Canada and devote a significant portion of their operating revenues to creating proprietary technology or intellectual property. Recipients exemplify common traits of Deloitte Technology Fast 50 award winners.

"Companies-to-Watch winners deserve recognition for their early achievements and future potential," said Erica Pretorius, Partner and National Leader for the Technology Fast 50™ program at Deloitte Canada. "They demonstrate courage to take calculated risks. These outstanding companies are key to the future success of the technology sector."

To learn more about Solace's wireless power solutions, please visit www.solace.ca.

About Deloitte Technology Fast 50™ - The Deloitte Technology Fast 50 program is Canada's pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features three distinct categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies with the potential to be a future Deloitte Technology Fast 50 candidate) and the Leadership Awards. Program sponsors include Deloitte, Aequitas NEO Exchange, Bank of Montreal, Bennett Jones, CBRE, OMERS Ventures and Wellington Financial. For further information, visit www.fast50.ca.

About Solace Power

Solace Power is a wireless power company that develops a broad range of systems and licenses its patented Resonant Capacitive Coupling™ (RC²) technology for the UAV, Aerospace and Defense, Business/Office Systems, Medical Device and Automotive markets. RC² uses electric fields, which enable a high degree of spatial freedom with flexible and conformal end product design. Solace Power has won numerous awards, including the Sikorsky Entrepreneurial Challenge and the ACADA Innovation Leader Award. www.solace.ca

SOURCE Solace Power

Media Contact: Libby Carew, Solace Power Inc., [email protected], Tel: [phone]