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Award recognizes company’s expansion into new markets
BioteQ Environmental Technologies, Inc., a leader in the treatment of metal and sulphate contaminated water, has been named the top new exporter in British Columbia at the 2008 BC Export Awards, sponsored by the Canadian Manufacturers and Exporters. The award recognizes companies that have achieved export success in entering new international markets. BioteQ’s president and chief operating officer, David Kratochvil, accepted the award at a luncheon on Friday, Nov. 21.
“We are delighted to be named British Columbia’s top exporter in 2008. This award recognizes BioteQ’s expansion into China, Australia and Mexico during the past year. This is a significant achievement, and marks the dedication and hard work of all BioteQ staff as the team builds water treatment plants in new markets,” stated Brad Marchant, BioteQ’s CEO.
BioteQ’s expansion into new markets is reflected in its recently released financial results. In the nine months ended Sept. 30, 2008, BioteQ nearly doubled its revenues to $6.5 million, compared to $3.5 million for the same period in 2007. The increase in revenues is primarily due to contributions from new operation in China, Australia and Mexico.