Canadian Venture Exchange Raises Triant to Tier 1 Status
NANAIMO, BC, March 30 /CNW-PRN/ - Triant Technologies Inc. (CDNX:TNT - news; OTCBB:TNTTF - news) reports that the Canadian Venture Exchange (CDNX) has approved the Company's submission to have the classification of the Company raised to Tier 1 under the Technology Industry Segment. According to the Exchange, the Tier 1 classification is the Exchange's premier tier for the most advanced companies with the most significant financial resources. Achieving Tier 1 status is based on meeting certain listing criteria set forth by the Exchange, which include: net tangible assets; management plans and reasonable expectations of earnings; and adequate working capital.
Mark Stephens, chief financial officer of Triant Technologies, Inc., stated, ``We are pleased that the CDNX has recognized Triant as a Tier 1 technology company. The CDNX provides a strong market for emerging companies such as Triant, which benefits investors, members of the Exchange and listed companies. The CDNX has stated that one of its key roles is to serve as an incubator and mentor, helping emerging companies grow and move onto a senior exchange.'
Triant Technologies Inc. is a leader in semiconductor equipment health monitoring and advanced fault detection (EHM&AFD) solutions. Triant's principal product, ModelWare/RT(TM), is an innovative software solution designed specifically for semiconductor manufacturers to detect and identify process and equipment faults in real-time and off-line. ModelWare/RT provides insight into equipment conditions and uses set-point and model-based alarms to quickly alert fab personnel of processing and equipment failures and benefits our customers by increasing overall equipment effectiveness, improving equipment maintainability and uptime, and increasing equipment throughput. Triant information is available via the Internet at www.triant.com.
SOURCE: Triant Technologies Inc |
