Xantrex Technology Inc. has been selected by Frost & Sullivan as the recipient of the 2004 Growth Strategy Leadership Award in the category of World Power Inverter Market. Growth Strategy Leadership Awards are given each year to companies that demonstrate an exceptional growth strategy within their industries. Xantrex was singled out for its significant global growth during harsh economic conditions in the Power Inverter industry.

Xantrex Technology Inc. has received one of Canada's most high-profile national environmental awards, the GLOBE 2004 Corporate Award for Technology Innovation and Application. The award is given to companies that have demonstrated outstanding technical ingenuity in developing and applying innovative technologies to solve pressing environmental problems and substantially reduce environmental impacts.

For the third time, Xantrex Technology Inc. has been named to the 2003 Deloitte Technology Fast 500 list, which ranks the 500 fastest growing technology companies in the United States and Canada. Rankings are based on average percentage revenue growth over five years, from 1998-2002. Xantrex grew 987 per cent during this period. Xantrex also made the list in 1998 and 2002.

Xantrex Technology Inc. placed on the Deloitte & Touche Canadian Technology Fast 50 list. Companies are listed based on percentage of growth in fiscal year revenues over five years, from 1998-2002. Xantrex has won this distinction three times in a row, which is significant given the company's size.

Xantrex Technology Inc. was honored as one of Canada's 50 Best Managed Companies. The program is designed to recognize companies that have implemented best business practices, are growing rapidly and are excelling in the global marketplace. The Canada's 50 Best awards program is sponsored by Andersen, CIBC, Queen's School of Business and National Post.

Xantrex Technology Inc. was named one of British Columbia's largest technology companies for 2001 according to the T-Net 100 List released in 2001. The list ranks the 100 largest private and publicly traded technology companies based in the province by revenues. With fiscal 2000 revenues of $150 million, Xantrex ranked 8 on the list.

For the second year in a row, Xantrex received a business excellence award in the category of business innovation from the Burnaby Board of Trade. To qualify for the Business Innovation award, a company must demonstrate ingenuity and innovation in product design, marketing, science, technology, commercialization and business planning.