Matrikon Inc.
From Wikipedia, the free encyclopedia
| Type | Public (TSX: MTK) |
|---|---|
| Headquarters |  Edmonton, Alberta, Canada |
| Key people | Nizar J. Somji, President and CEO |
| Industry | IT |
| Revenue | $80.03 million CAD (2008)[1] |
| Net income | $9.10 million CAD (2008)[1] |
| Employees | 545 (2008)[1] |
| Website | www.matrikon.com |
Matrikon is an international company that provides information technology consulting services and software solutions to industrial clients across a number of industries, including oil & gas, petrochemicals & refining, power & utilities, and mining & minerals.[1] Headquartered in Edmonton, Matrikon has offices located throughout North America, Australia, Europe and the Middle East.
The company’s shares are traded on the Toronto Stock Exchange (TSX) under the symbol MTK.
In 2008, Matrikon reported annual revenue of $80.03 million and net income of $9.10 million.[2]
Contents |
Partnership with NSERC
Matrikon collaborates with the Natural Sciences and Engineering Research Council of Canada (NSERC) and the University of Alberta’s Faculty of Engineering through a research chair Matrikon sponsors, the NSERC-Matrikon-ASRA Senior Industrial Research Chair in Computer Process Control.[3]
The technology developed through this collaboration includes a computerized sensing program for Syncrude called “Dirt TV,” which monitors lumps of ore moving through an oil sands plant and warns operators of any large ore chunks that can jam the machinery and stall operations. [4]
Through NSERC, Matrikon has also worked with Univeristy of Alberta researchers and Suncor to help Suncor reduce the amount of toxic bitumen entering tailings ponds. The resulting technology, which improved bitumen recovery in separation cells, cut the amount of bitumen entering tailings ponds by 50 per cent.[5]
History
Matrikon was founded in Red Deer, Alberta, Canada in 1988 by Nizar J. Somji, the company’s current president and CEO. Matrikon expanded its operations to the United States in 1999, to Australia in 2002, to Germany and the United Kingdom in 2004, and to Bahrain in 2006. The company acquired TigrSoft in a reverse takeover bid and became publicly traded in 2001. In 2008, Matrikon created a joint venture with India’s SoftDEL Systems to create Matrikon-SoftDEL India. [6]
Rankings
- #47 on Control Magazine’s Top 50 North American Automation Vendors in 2008[7]
Notes
- ^ a b c d Company profile for Matrikon Inc. on Google Finance Retrieved Jan 26, 2009
- ^ Edmonton Journal, "Edmonton's Matrikon reports strong fourth quarter," 5 November 2008
- ^ U of A Engineer Magazine, "Matrikon Man," Summer 2004
- ^ Innovation Anthology, "Dirt TV at Syncrude," 12 August 2008
- ^ "Edmonton Journal, "Why be shy about green success story?”, May 2, 2009". http://www.edmontonjournal.com/opinion/about+green+success+story/1557087/story.html.
- ^ Calgary Herald, "Matrikon joins with SoftDel," 16 July 2008
- ^ Control Magazine, "Top 50 North American Vendors"