Press Release

Nuheat Named One of Canada's 50 Best Managed Companies

Vancouver, B.C. 26 February 2010

Nuheat Industries Ltd. was named one of Canada's 50 Best Managed Companies in February, re-qualifying for the prestigious award for the fifth straight year.

The leading manufacturer of electric floor heating systems, Nuheat markets their innovative products through tile and electrical distributors across North America. Designed to heat tile, stone and laminate/engineered wood floors, Nuheat has been included in such prestigious projects as the Shangri-La Tower in Vancouver, the Hyatt Grand in Aspen and the Plaza Hotel restoration in New York.

"We're very proud to have been awarded 50 Best status again this year," said John Rose, president and CEO of Nuheat. "Given the challenging economic climate of the past year, we're honored to be recognized by 50 Best as a company that has weathered the storm well."

And weathering the storm seems a bit of an understatement. In 2009, the Vancouver based company in fact expanded their product offering with the launch of Nuheat Freeze Protection Products. The company now offers heating solutions for pipe freeze protection, roof & gutter de-icing as well as slab de-icing and snow melting. The company—and Rose—sees only good things in the future from this expansion.

"If I had to use a single word to describe our new product lunch, it would be 'exciting'," said Rose. "We see a real potential to apply the characteristics that have made us the leader in the floor heating industry—exceptional customer service, advanced products and a dedicated sales team—to the freeze protection marketplace."

"We're excited to offer our customers a single vendor for both indoor and outdoor heating solutions and to expand our market share as the economy begins to recover," said Rose.

Since 1993, hundreds of companies and entrepreneurs annually vie for a spot on the 50 Best Managed Companies list. Spanning the gamut of industries from communications and media to manufacturers and industrial contractors, 50 Best Managed companies are annually subjected to rigorous independent evaluation of not only managerial skills and practices, but also revenues and growth.

For more information about Nuheat and Canada's 50 Best Managed Companies visit www.nuheat.com and www.canadas50best.com.


For additional information contact:

Chris Guelpa
Public Relations
604.759.1440
chrisg@nuheat.com

 
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