ABB Receives Frost & Sullivan's Customer Value Enhancement Award in Power Automation Solutions Market.BOSTON -- Frost & Sullivan will present ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s with the 2005 Power Automation Solutions Customer Value Enhancement Award at tonight's third annual Customer Value Enhancement Awards Banquet for garnering market leadership and delivering outstanding value to its customers worldwide. Under its IndustrialIT for Power Generation solution portfolio ABB has demonstrated the ability to translate its extensive processes knowledge and expertise into products, solutions, and service support that have helped its customers improve their overall performance. Frost & Sullivan presents this Award to the company that has demonstrated the ability to expand its customer base, while maintaining its existing installed base, with more innovative value creation and enhancement strategies than competitors within its industry. The Award recognizes successful sales entry, customer acquisition and service strategies, and the degree to which they have met customers' stated needs and requirements. The power industry is traditionally cautious toward technology until it is fully convinced of the benefits. ABB has demonstrated value to the industry, which, as a part of ABB's IndustrialIT for Power Generation solution portfolio has accepted the IndustrialIT System 800xA as a scalable and flexible solution for today's electric utilities. "Central to System 800xA's success is its backward compatibility See backward compatible. (jargon) backward compatibility - Able to share data or commands with older versions of itself, or sometimes other older systems, particularly systems it intends to supplant. with the existing legacy systems," says Frost & Sullivan research manager Sathyajit Rao. "Customers clearly save existing investment in legacy systems while extracting maximum benefits from advanced process control strategies, optimization strategies, and innovative advanced application solutions such as the power plant Lifecycle Optimizer decision support system, Carbon In Ash Monitor 2.0, and other Optimax optimization solutions." The Lifecycle Optimizer allows business managers to manage their assets by having a decision-support system for finding a balance between financial performance, operational performance, and risk exposure. For instance, the solution calculates production costs, taking into account plant depreciation and degradation resulting from production. ABB's Optimax plant optimization systems, in conjunction with plant management and asset management solutions, help tackle the complexities of modern day utilities operating in a competitive market environment. ABB is able to provide seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. with third party distributed control systems A distributed control system (DCS) refers to a control system usually of a manufacturing system, process or any kind of dynamic system, in which the controller elements are not central in location (like the brain) but are distributed throughout the system with each component (DCS (1) See also DSC. (2) Digital Cross-connect System) A network switching and grooming device used by telecom carriers. See digital cross-connect. ) and ABB legacy systems. This maximizes operational efficiency based on a firm foundation of IT information management solutions that enable easy online configuration and help correlate business data with process data. A well-engineered AdviseIT Life Time Monitoring solution compliments ABB's powerful applications suite. It helps optimize solutions and reduces lifetime consumption of critical components. Innovative solutions such as Carbon In Ash Monitor 2.0 monitor carbon content and continuously maintain the quality of fly ash fly ash n. Fine particulate ash sent up by the combustion of a solid fuel, such as coal, and discharged as an airborne emission or recovered as a byproduct for various commercial uses. Noun 1. produced by plants. Excess carbon (un-burnt coal) in fly ash translates into increased costs for utilities. With ABB's solutions, customers can hope to achieve overall cost reduction while at the same time, achieve better combustion. "Innovative solutions for emission control The selective and controlled use of electromagnetic, acoustic, or other emitters to optimize command and control capabilities while minimizing, for operations security: a. detection by enemy sensors; b. mutual interference among friendly systems; and/or c. and plant-wide optimization solutions ensure that utility customers worldwide rest their confidence with ABB's power automation solutions, especially when it comes to surviving the challenges of the de-regulated and competitive segments," notes Rao. The fact that the ABB's solutions deliver maximum value has helped it establish market dominance Market dominance is a measure of the strength of a brand, product, service, or firm, relative to competitive offerings. There is often a geographic element to the competitive landscape. in the power automation segment. Whether providing advisory on thermodynamic ther·mo·dy·nam·ic adj. 1. Characteristic of or resulting from the conversion of heat into other forms of energy. 2. Of or relating to thermodynamics. models that provide early degradation warnings or performing predictive maintenance Predictive maintenance (PdM) techniques help determine the condition of in-service equipment in order to predict when maintenance should be performed. This approach offers cost savings over routine or time-based preventive maintenance because tasks are performed only when or complex trading strategies In finance, a trading strategy (see also trading system) is a predefined set of rules to apply. Usually, this refers to a means used to replicate an option in order to give it an arbitrage free value in the sense that the cost of buying some financial assets to give the same , ABB has excelled in increasing the overall value to its customers globally. In recognition of its ongoing commitment to excellence in technology and customer value, Frost & Sullivan is pleased to present ABB with the 2005 Customer Value Enhancement Award in the power automation segment for the year 2005. Held in Boston, Frost & Sullivan's Customer Value Enhancement Awards Banquet honors world-class companies for their outstanding performance and achievements in customer care. An annual event, the banquet recognizes innovative developments that will significantly improve customer interaction and contribute to customer satisfaction. About ABB ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 102,000 people. About Frost & Sullivan Frost & Sullivan, a global growth consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics econometrics, technique of economic analysis that expresses economic theory in terms of mathematical relationships and then tests it empirically through statistical research. , and demographics. For more information, visit http://www.frost.com. NOTE TO EDITORS: In the terms "IndustrialIT" and "AdviseIT," the "I" and "T" are superscript Any letter, digit or symbol that appears above the line. For example, 10 to the 9th power is written with the 9 in superscript (109). Contrast with subscript. characters. They were changed for transmission purposes only. |
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