Ideon Technologies, the global leader in subsurface intelligence, has been recognized by the 2025 Technology Fast 50™ awards program for its rapid growth and bold innovation.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251023638551/en/

Ideon team and guests celebrating a major announcement in 2024.

The program recognizes Canada’s 50 fastest-growing technology companies based on the highest revenue-growth percentage over the past four years – as well as the passion, integrity, and vision that propel Canada's technology sector.

Ideon Technologies achieved 938% revenue growth between 2021-2024 and is #33 in the Technology Fast 50 category this year. Co-Founder and CEO Gary Agnew credits his team’s ability to turn breakthrough science into real-world value with Ideon’s impressive growth since being named a Company to Watch winner in 2023.

“We’ve scaled a proven, proprietary technology into a platform that delivers measurable value for the global mining industry -- reducing the risk and cost of traditional methods, while saving time, optimizing return, and minimizing environmental impact,” said Agnew. “Add a relentless focus on execution from a multidisciplinary team, a group of innovation-driven customers, and the urgency of the global critical minerals challenge — and you get a recipe for rapid growth.”

To qualify for the Technology Fast 50 ranking, companies must have been in business for at least four years, have exceeded a minimum revenue growth threshold between 2021 and 2024, be headquartered in Canada, own proprietary technology, and invest a minimum of 5% of gross revenues in R&D activities that are conducted in Canada.

About the Technology Fast 50 program (www.fast50.ca)

The Technology Fast 50 program is Canada’s pre-eminent technology awards program. It recognizes business growth, innovation, and entrepreneurship in three categories: Technology Fast 50, Enterprise – Industry Leaders, and Companies to Watch. The program also recognizes thriving technology companies in the United States and Canada in partnership with the North American Technology Fast 500 program. Program sponsors for 2025 include RBCx, Osler, EDC, CCI, TMX, Lafond, and The Globe and Mail.

About Ideon Technologies (www.ideon.ai)

Ideon Technologies uses the energy from supernova explosions to image deep beneath the Earth's surface. Ideon is the global leader in subsurface intelligence, pioneering the development and adoption of cosmic-ray muon tomography for industrial markets. By transforming geophysical data into reliable multi-dimensional models of the subsurface, Ideon helps geologists identify, map, characterize, and monitor geological features with confidence. This reduces risk and cost of traditional methods, while saving time, optimizing return, and minimizing environmental impact across the mining value chain. In turn, this is helping accelerate the world's transition to low-impact mining and transform how companies find the critical minerals required to power the global shift to clean energy – improving peoples’ lives and enhancing economic prosperity.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251023638551/en/

Ideon Technologies achieved 938% revenue growth between 2021-24 and is #33 in the Technology Fast 50 category this year.