Business Services Industry
Frost & Sullivan Lauds Omron STI for Exceeding Customer Expectations and Delivering Profit Impacting Machine Safety Solutions
Business Wire, April 7, 2008
PALO ALTO, Calif. -- Based on its recent analysis of the machine safety market, Frost & Sullivan recognizes OMRON Scientific Technologies, Inc. (Omron STI) with the 2008 North American Frost & Sullivan Company of the Year Award.
This Award acknowledges Omron's leading market share and extensive product line, through which it serves as a one-stop shop for its customers, and for its consistent efforts to drive customer and shareholder value.
Omron STI has unmatched presence in North America. The company caters effectively to various industry verticals including automotive, tier 1 suppliers, appliances, aerospace, high-tech manufacturing and packaging equipment.
The company's superior product quality and reliability has enabled customers to attain the highest levels of safety and a quicker return on investment (ROI), which significantly reduces the total ownership cost.
Maximum availability improves overall equipment efficiency (OEE) of machines, thus driving overall productivity and business profitability for customers worldwide. Customers have time and again established significant bottom line improvements, due to Omron STI's products, and have voiced complete satisfaction over their regulatory compliance levels.
"Omron STI's persistent focus on driving customer value has helped the company to establish a leading market share in the excess of 30 percent in the North American machine safety domain," says Frost & Sullivan Research Analyst Muthuraman Ramasamy. "This is evident from the fact that it has a strong revenue growth rate as well as a growing clientele."
The North American machine safety market is a late adopter of technology, due to low awareness level of customers and significant untapped potential. Omron STI has differentiated itself from its industry peers with demonstrated efforts in technology excellence and a degree of strategy innovation.
One example of Omron STI's leadership in innovation is its introduction of the universal mounting brackets for safety interlock switches. These offer the benefit of lesser installation time and assists in trouble-free alignment between the switch and actuator.
"Omron STI's synergistic capability to provide automation solutions along with machine safety makes them the most preferred partner amidst competitors," notes Ramasamy. "Customers have experienced the added advantage of relying on a one-stop shop solution provider, which helps them choose products that suit their needs and improve their overall process safety and efficiency."
Omron STI has built a strong brand name in the otherwise fragmented North American machine safety market and enjoys superior customer confidence and loyalty of global industry leaders. Its capability to provide integrated machine safety solutions and ability to introduce innovative products reinforces its position as the preferred partner for a wide range of customers.
In recognition of its dominant market share and capability to create outstanding customer value with its integrated solutions, Omron STI is the worthy recipient of the 2008 Frost & Sullivan Company of the Year Award in the machine safety domain.
Each year Frost & Sullivan presents this Award to the company that has demonstrated unparalleled excellence within its industry in terms of business development, competitive strategy, customer satisfaction. The Award recognizes outstanding management and consistent growth as well as high quality products and/or services and positive social and economic impact on local and national communities. It lauds 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.
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.
About OMRON Scientific Technologies, Inc.
Omron Scientific Technologies, Inc. is a North American provider of automation safeguarding products and services. Omron STI provides safety products that are used to protect workers around machinery, automated equipment and industrial robots. Our products serve a wide variety of applications and markets, including semiconductor, automotive, medical, electronics manufacturing, packaging and consumer markets.
About Frost & Sullivan
Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.awards.frost.com.
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