Invensys Process Systems (IPS) has been named the market-leader in safety and critical control at the 2008 Frost & Sullivan Best Practices Awards, which recognises superior planning and execution in numerous worldwide industries.
Taking the gong for the 2008 Asia Pacific Safety Systems Company Of The Year section, IPS has now claimed market leadership in the division for two years running.
IPS upgrades existing manufacturing plant infrastructure with safety systems to meet current market needs in the oil, gas, hydrocarbon processing, power and specialty chemicals and pharmaceuticals industries.
Frost & Sullivan Asia Pacific partner and managing director, Manoj Menon, said he was “delighted” to present the award to IPS.
“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,” he said.
“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.”
The Frost & Sullivan Best Practices Awards comprises a team of industry experts which present awards to companies demonstrating best practices in a variety of regional and global markets, recognising superior planning and execution of product launches, strategic alliances, distribution strategies, technological innovations, customer service, and mergers and acquisitions.
A host of other marketing factors such as leadership, strategy, service, innovation, integration, and development are also considered as part of the Award methology.