the Pressure Pipe Inspection Company Ltd. Ranks #4 on PROFIT Magazine's list of Hottest Start-Ups
Ottawa, Ontario, Canada - August 29, 2001 - the Pressure Pipe Inspection Company Ltd., a world leader in the inspection and condition assessment of large diameter concrete water supply pipelines, was ranked fourth this week in PROFIT Magazine's second annual ranking of Canada's 50 Hottest Startups.
PROFIT, The Magazine for Canadian Entrepreneurs, selected the Pressure Pipe Inspection Company Ltd. based on the company's revenue growth over two years: fiscal 2000 over fiscal 1998.
"It is an honour to have been named one of Canada's hottest startups by such a respected publication as PROFIT Magazine" said Dr. Brian Mergelas, President and Chief Executive Officer of the Pressure Pipe Inspection Company Ltd. (PPIC) "To be given such a high ranking reaffirms our commitment to excellence in serving the water and power industries. It is also testament to the hard work and dedication of every PPIC employee, for without their commitment, PPIC's success in the global marketplace would not be possible."
Founded in 1997, the Pressure Pipe Inspection Company Ltd. is in the business of performing non-destructive testing of large diameter concrete water supply pipes using a patented electromagnetic system. The company's inspections often result in pipe rehabilitation rather than replacement, and thus save water authorities and power plants millions of dollars.
PPIC's client list spans the globe, and is largely made up of municipalities that own and operate large-scale water supply systems. The company exports 60 per cent of its services to the United States and 40 per cent to North Africa, and was recently awarded the Government of Ontario's Global Traders Award for Service Expansion.
Canada's Hottest Startups is the definitive list of this country's most dynamic new businesses and exciting entrepreneurs," said PROFIT publisher and editor Rick Spence. "As a group, these aggressive companies are pioneering new levels of innovation and customer service. They are focused on unique new niche markets and they're targeting the world."
It is precisely this expansive customer base that Dr. Mergelas is focused on. "The world is full of aging water pipelines in need of rehabilitation, and our clients will continuously need the ability to accurately assess their infrastructure. PPIC's experience, technology and expertise will serve us well as we endeavor to provide our clients with the information they need to form their management strategies. "
About PPIC
A world leader in large diameter water and wastewater pipeline condition assessment, the Pressure Pipe Inspection Company (PPIC) offers forward looking solutions to help customers address aging infrastructure challenges in a reliable and cost effective manner. Our innovative services pinpoint damaged sections of a pipeline to help optimize infrastructure investments, stop leaks, reduce risk and ensure compliance. PPIC has inspected over 6,000 miles of critical pipeline assets over the past decade. For more information, visit www.ppic.com.
For more information, contact:
Michael Stadnyckyj
the Pressure Pipe Inspection Company
+1 905-624-1040 x 301
mstad@ppic.com