We are extremely proud to announce that Frost & Sullivan—the global business consulting firm that specializes in market research and analysis among others—recognized ePropelled with the Product Leadership Award in the North American automotive electric motor industry.
Only the best companies in several regional and global markets are recognized each year by Frost & Sullivan Best Practices awards for “demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development.”
Following the official release of our groundbreaking EV motor system this year, Frost & Sullivan added ePropelled to its pool of nominees for the North American Automotive Electric Motor Industry Excellence in Best Practices.
Each year, the award process involves a detailed evaluation of best practices criteria for each nominated company, resulting in the award being presented to those that developed a product with innovative features and functionality that is gaining rapid market acceptance. It also recognizes the quality of the solution as well as the enhanced value it offers the customers.
Their team of experts identifies and evaluates “companies that consistently develop growth strategies based on a visionary understanding of the future and effectively address new challenges and opportunities.” Searching for best solutions, their industry analysts compare market participants and measure performance. This is done through in-depth interviews, analyses, and extensive secondary research.
ePropelled’s place among the leaders
Frost & Sullivan experts and analysts focus on companies at the forefront of innovation and growth. We are so proud to be recognized, so early since joining the market, as one of the companies that establish their position by “innovating and creating new products, solutions, and services that meet ever-evolving customer needs.”
Presenting the award (content available at the link) to ePropelled, Frost & Sulivan experts noted that “Driving innovation and growth is a difficult task made even harder by the strategic imperatives forcing change today, such as disruptive technologies, value chain compression, industry convergence, and new business models. In this context, ePropelled’s recognition signifies an even greater accomplishment.”
We are very honored and excited that we are perceived in such terms and have no doubt that the quality of our solutions, as well as the efforts of our engineers and employees, contributed to our standing in the industry.
To learn more, read the full announcement from Frost & Sullivan here.