Frost & Sullivan Names IPS 2008 Asia Pacific Safety Systems Company of the Yearadmin
Monday, August 18th 2008
Invensys Process Systems (IPS), a global technology, software and consulting firm, today announced that it has been named the winner of the 2008 Frost & Sullivan Asia Pacific Industrial Technologies Award for Asia Pacific Safety Systems Company of the Year.
The annual award recognizes outstanding performances by companies in the electronics, industrial automation, process control, energy and power systems, chemicals, materials and food, as well as the environment and building technologies industries.
“We are delighted to confer the award for 2008 Company of the Year in the Asia Pacific Safety Systems Market to IPS,” said Manoj Menon, Partner and Managing Director, Frost & Sullivan Asia Pacific. “The company has maintained its market leadership position in 2007 and it continues to be the front runner in technology innovation with the continuous introduction of new products into the market.”
“Safety systems have a role to play beyond just prevention of hazardous accidents, and IPS provides high accuracy and precision in its safety systems, which guarantee reliability and maximum availability. This has enabled the company to have the highest installed base and the longest uninterrupted operations of safety critical systems in this region,” Menon said.
As the supplier of Triconex(TM) safety and critical control systems, IPS is the world’s largest provider of safety control solutions. Triconex systems have a strong history of innovation and growth over the last 25 years. Approximately 8,000 Triconex systems have been installed worldwide providing more than 450 million hours of safe and reliable operation.
“The Triconex brand is renowned for delivering tangible business value to clients. Customers continue to select IPS as the unique solution that enables them to reduce capital budgets and increase their bottom line during operation,” said Mr. Lawrence Wee, President of IPS Asia Pacific. “Triconex is continually evolving, showcasing a full offering of new products that have set the standard for innovation and quality design in the world of safety and critical control. With its fault-tolerant design and unmatched reliability, our clients remain loyal because Triconex delivers the highest possible level of safety.”
Besides unparalleled business value, clients are impressed by the high level of precision engineering, unrivaled quality control programs and technical support centers across the globe, which specifically enable them to achieve their production performance targets. With their dominant market share and penetration, IPS is the undisputed market leader in safety and critical control solutions, which today power thousands of companies in the oil and gas, petrochemical, fossil and nuclear power plants, refineries, hydrocarbon processing industries and specialty chemicals industries across the world.
IPS Triconex was recognized for 11 consecutive years as the top manufacturer of Safety/Emergency Shutdown Systems for the process control and automation industry by CONTROL magazine’s Reader’s Choice Awards.
The Frost & Sullivan Award for Company of the Year is presented each year to the company that has demonstrated unparalleled excellence within its industry. The Award is based on numerous factors including the company’s business development, competitive strategy, customer satisfaction, and leadership within a particular Frost & Sullivan Industry Research Group (IRG). This company is perceived to exhibit outstanding management and consistent growth. The company must offer high quality products and/or services and have positive social and economic impact on local and national communities. The company’s customer service offerings and performance are expected to be of very high caliber. The company should have proven expertise in taking advantage of market changes by capturing and solidifying market presence, or through execution of innovative strategies within the existing competitive landscape.
To be considered, the recipient must also excel substantially through an increase of one or more of these areas, including market share, revenue growth rates, profitability, market and technology innovation.
To choose the recipient of this Award, the Frost & Sullivan analysts track competitor revenue and market share within the industry. This is achieved through interviews with market participants and extensive secondary research of proprietary data sources. Frost & Sullivan then presents the Award to the company that achieved the highest market share.
About IPS (Invensys Process Systems)
Invensys Process Systems (IPS), headquartered in Plano, Texas, is a global technology, software and consulting firm leading significant change in process manufacturing, plant optimization, business operations and enterprise performance. IPS clients are some of the world’s most important industrial organizations — companies that operate large oil refineries; plants that process chemicals, gas, LNG, power, pharmaceutical and minerals; and pulp and paper mills. IPS solutions, used at over 50,000 locations across the globe, include field devices and controls from Foxboro and Triconex, advanced applications from SimSci-Esscor, operations management from Avantis, and the world’s first truly open enterprise control system, InFusion(TM).
The company’s nearly 7,000 employees integrate these capabilities to create solutions that impact and increase efficiency, boost productivity, and accelerate performance. These results help industrial companies run safer, operate more efficiently, and extract useful knowledge from their operations to make faster, better decisions. To learn more about IPS visit www.ips.invensys.com.
The Invensys Group (www.invensys.com) is headquartered in London and is listed on the London Stock Exchange (ISYS.L), with approximately 25,000 employees working in 60 countries.
Invensys, Avantis, Foxboro, SimSci-Esscor, Triconex, InFusion, Eurotherm, Wonderware, and the IPS logo are trademarks of Invensys plc, its subsidiaries, or affiliates. All other brands and product names may be trademarks of their respective owners.
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Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
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